Triplex With Updated
New
For Sale
$580,000
184 Palmyra, San Bernardino, CA 92404
Three living areas include a permitted studio ADU and a garage conversion that is not permitted.
Property Size2,061 SF
Days on Market5
Property Features for 184 Palmyra
General Information
Standard status
Active
Size
2,061 SF
Property subtype
Investment
Site & Location
Neighborhood
Golden Valley
Units
Unit Mix
1 x 2BR/1BA, 1 x studio, 1 x 1BR/1BA
Multifamily Units
3
Amenities
stone fireplace
covered patio
mature fruit trees
mountain views
Building Details
Building Size
2,061 SF
Year Built
1959
Stories
1
Units
4
Listing Agency:
CENTURY 21 REALTY MASTERS
Listed By:
Cinthia Vargas
(323) 742-6096
Source:
Elliman
Added: Oct 28
Last Checked: Oct 30 at 3:46PM
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 CENTURY 21 REALTY MASTERS
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Investment Insights
Based on property information with market context.
Built in 1959, this triplex property includes a 2-bedroom, 1-bathroom main residence, a permitted studio ADU, and a 1-bedroom, 1-bathroom garage conversion that is unpermitted. Interior improvements include new flooring, fresh paint, Shaker-style kitchen cabinetry, quartz countertops, stainless-steel appliances, central HVAC, and a stone fireplace. All three living areas have previously been rented.
The property also offers ample parking and a backyard with a covered patio and mature fruit trees. Shopping, hospitals, and recreation are nearby.
The property also offers ample parking and a backyard with a covered patio and mature fruit trees. Shopping, hospitals, and recreation are nearby.
Key Highlights
- Three living areas: 2‑bedroom, 1‑bathroom main residence, permitted studio ADU, and unpermitted 1‑bedroom, 1‑bathroom garage conversion
- Built in 1959
- Updated kitchen with Shaker cabinetry, quartz countertops, and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,448
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,960
$589.0K
Cap Rate 7%
$420,686
$420.7K
Cap Rate 9%
$327,200
$327.2K
Market Conditions
NOI Build-Up for 2,061 SF
Gross rent
$44.5K $21.60/SF
− Vacancy
−$2.4K −$1.19/SF
EGI
$42.1K $20.41/SF
− OpEx
−$12.6K −$6.12/SF
NOI
$29.4K $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 Rate 5%
$588,960
Cap Rate 7%
$420,686
Cap Rate 9%
$327,200
Alternative Uses
Best Use
Multifamily LT 5
$420.7K
$368.1K – $490.8K
NOI $29,448 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$377.6K
$330.4K – $440.6K
NOI $26,435 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$620.7K
$543.1K – $724.2K
NOI $43,449 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
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Business Placement
Demographics for 92404, CA
64,270
Population
19,403
Households
3.3
Avg Household Size
31
Median Age
10%
College-Educated
72%
High-School Grad
31.6 sq mi
ZIP Area
2,034
Density / Sq Mi
$66,173
Median Household Income
$36,237
Median Earnings
$1,386
Median Rent
$383,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three living areas include a permitted studio ADU and a garage conversion that is not permitted.
Where is this triplex located?
The property is located at 184 Palmyra San Bernardino, CA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Three living areas: 2‑bedroom, 1‑bathroom main residence, permitted studio ADU, and unpermitted 1‑bedroom, 1‑bathroom garage conversion; Built in 1959; Updated kitchen with Shaker cabinetry, quartz countertops, and stainless‑steel appliances
