Remodeled Two-Unit
For Sale
$649,000
Pending
1851 W 23rd St, San Bernardino, CA 92407
Residential Income, San Bernardino, CA
Property Size1,558 SF
Lot Size0.41 Acres
Days on Market156
Property Features for 1851 W 23rd St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 5
Parking features
Garage
Directions
PLEASE REFER TO GOOGLE MAPS
Subdivision
San Bernardino
Standard status
Pending
APN
0268-481-10-0000
Size
1,558 SF
Lot size
0.41 Acres
Additional Details
Individually Metered Utilities
gas, electricity, water
Utilities
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air, Heat Pump
Amenities
central air/heat
heat pump/mini split
in-unit laundry
Building Details
Year built
1948
Floors in Building
1
Number of units
2
Buildings
1
Listing Agency:
Dynasty Real Estate
(909) 373-2505
Listed By:
Eran Fattal · License #01304180
(747) 343-1266
Added: May 26
Changed: Oct 26
Last Checked: Oct 28 at 8:06AM
MLS# 26838601
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,558 square feet on a 0.4053-acre lot and is currently vacant. Unit A offers three bedrooms and 1.5 bathrooms, while Unit B includes two bedrooms and one bathroom. Both residences feature refreshed kitchens with new cabinetry, counters, and garbage disposals; updated bathrooms; waterproof vinyl flooring; dual-pane windows; recessed and new light fixtures; and updated plumbing and electrical fixtures. Each unit has its own laundry area.
Unit A is equipped with central air and heat, and Unit B has a new heat pump/mini-split system. The property also includes a one-car garage with a new door, new roofs, and interior and exterior paint. Separate gas, electrical, and water meters serve the two units. Freeway 210 access is located nearby.
Unit A is equipped with central air and heat, and Unit B has a new heat pump/mini-split system. The property also includes a one-car garage with a new door, new roofs, and interior and exterior paint. Separate gas, electrical, and water meters serve the two units. Freeway 210 access is located nearby.
Key Highlights
- Two‑unit duplex with 1,558 square feet on a 0.4053‑acre lot
- Unit A: 3 bedrooms and 1.5 bathrooms; Unit B: 2 bedrooms and 1 bathroom
- 100% vacant with separate laundry areas for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,261
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,220
$445.2K
Cap Rate 7%
$318,014
$318.0K
Cap Rate 9%
$247,344
$247.3K
Market Conditions
NOI Build-Up for 1,558 SF
Gross rent
$33.7K $21.60/SF
− Vacancy
−$1.9K −$1.19/SF
EGI
$31.8K $20.41/SF
− OpEx
−$9.5K −$6.12/SF
NOI
$22.3K $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%
$445,220
Cap Rate 7%
$318,014
Cap Rate 9%
$247,344
Alternative Uses
Best Use
Multifamily LT 5
$318.0K
$278.3K – $371.0K
NOI $22,261 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$285.5K
$249.8K – $333.1K
NOI $19,984 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$469.2K
$410.6K – $547.4K
NOI $32,845 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
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Business Placement
Demographics for 92407, CA
67,814
Population
19,029
Households
3.6
Avg Household Size
31
Median Age
19%
College-Educated
78%
High-School Grad
81.7 sq mi
ZIP Area
830
Density / Sq Mi
$83,662
Median Household Income
$38,967
Median Earnings
$1,771
Median Rent
$473,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with updated interiors, separate laundry areas, dedicated utility meters, and a one-car garage.
Where is this duplex located?
The property is located at 1851 W 23rd St San Bernardino, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,558 square feet on a 0.4053‑acre lot; Unit A: 3 bedrooms and 1.5 bathrooms; Unit B: 2 bedrooms and 1 bathroom; 100% vacant with separate laundry areas for each unit
