Triplex with Private
New
For Sale
$645,000
1720 N Sierra Way, San Bernardino, CA 92405
Three-unit residential property with varied layouts, multiple private outdoor areas, and dedicated parking for occupants.
Property Size2,126 SF
Days on Market3
Property Features for 1720 N Sierra Way
General Information
Standard status
Active
Size
2,126 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Building Size
2,126 SF
Year Built
1922
Stories
1
Units
3
Listed By:
LIZZETTE VARGAS
(909) 268-5946
Source:
Elliman
Added: Sep 12
Last Checked: Sep 14 at 7:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LIZZETTE VARGAS
Investment Insights
Based on property information with market context.
Built in 1922, this triplex contains two two-bedroom, one-bath residences and one one-bedroom, one-bath residence. The smaller unit has updated interior paint and newer laminate flooring in the living area. Outdoor features include separate gated yards for the front and rear residences, along with dedicated parking; the front and central units each have a carport. The property supports an owner-occupant arrangement or rental use across all three units, as described in the source information.
The property is positioned near freeway access, shopping, schools, and everyday amenities. Walk Score is 69, Bike Score is 59, and Transit Score is 40, providing additional context for access and surrounding mobility.
The property is positioned near freeway access, shopping, schools, and everyday amenities. Walk Score is 69, Bike Score is 59, and Transit Score is 40, providing additional context for access and surrounding mobility.
Key Highlights
- Three‑unit property with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Built in 1922
- 1‑bedroom unit includes fresh interior paint and newer laminate flooring in the living area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,377
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$607,540
$607.5K
Cap Rate 7%
$433,957
$434.0K
Cap Rate 9%
$337,522
$337.5K
Market Conditions
NOI Build-Up for 2,126 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.9K $21.60/SF
− Vacancy
−$2.5K −$1.19/SF
EGI
$43.4K $20.41/SF
− OpEx
−$13.0K −$6.12/SF
NOI
$30.4K $14.29/SF
Area
San Bernardino, CA
Vacancy
5.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$607,540
Cap Rate 7%
$433,957
Cap Rate 9%
$337,522
Alternative Uses
Best Use
Multifamily LT 5
$434.0K
$379.7K – $506.3K
NOI $30,377 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$389.6K
$340.9K – $454.5K
NOI $27,269 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$640.3K
$560.2K – $747.0K
NOI $44,819 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 92405, CA
32,165
Population
9,727
Households
3.3
Avg Household Size
31
Median Age
13%
College-Educated
74%
High-School Grad
5.0 sq mi
ZIP Area
6,433
Density / Sq Mi
$59,271
Median Household Income
$32,066
Median Earnings
$1,424
Median Rent
$376,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with varied layouts, multiple private outdoor areas, and dedicated parking for occupants.
Where is this triplex located?
The property is located at 1720 N Sierra Way San Bernardino, CA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Three‑unit property with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Built in 1922; 1‑bedroom unit includes fresh interior paint and newer laminate flooring in the living area
