4-Unit Multifamily
188 E 11th Street 1-4, San Bernardino, CA 92410
For Sale
New
$850,000
Each residence has washer and dryer hookups, with gas and electricity metered separately by unit.
Property Size2,922 SF
Days on Market7
Property Features for 188 E 11th Street 1-4
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Amenities
washer/dryer hookups
gated perimeter
gated parking
Building Details
Building Size
Year Built
Listing Agency:
IRN Realty
Listed By:
Vince Kwon · License CA #01778421
(626) 374-5121
Source:
Camdenmckayre
Added: Nov 4
Changed: Nov 9
Last Checked: Nov 8 at 2:47PM
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 IRN Realty
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Investment Insights
Based on property information with market context.
Built in 1963, this four-residence property includes a mix of one-bedroom, one-bathroom and two-bedroom, one-bathroom layouts. Every unit has washer and dryer hookups, and gas and electric service are separately metered for each residence. A gated perimeter encloses the property, with a gated parking area at the rear; the parking spaces have been repainted.
The San Bernardino property is near shopping, dining, schools, parks, and essential services. Interstate 10 and Interstate 215 are nearby, connecting the area with the Inland Empire and other Southern California communities.
The San Bernardino property is near shopping, dining, schools, parks, and essential services. Interstate 10 and Interstate 215 are nearby, connecting the area with the Inland Empire and other Southern California communities.
Key Highlights
- Four residential units with a mix of one- and two‑bedroom layouts
- Individual washer and dryer hookups in every unit
- Gas and electricity separately metered for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,751
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,020
$835.0K
Cap Rate 7%
$596,443
$596.4K
Cap Rate 9%
$463,900
$463.9K
Market Conditions
NOI Build-Up for 2,922 SF
Gross rent
$63.1K $21.60/SF
− Vacancy
−$3.5K −$1.19/SF
EGI
$59.6K $20.41/SF
− OpEx
−$17.9K −$6.12/SF
NOI
$41.8K $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%
$835,020
Cap Rate 7%
$596,443
Cap Rate 9%
$463,900
Alternative Uses
Best Use
Multifamily LT 5
$596.4K
$521.9K – $695.9K
NOI $41,751 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$535.4K
$468.5K – $624.7K
NOI $37,479 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$880.0K
$770.0K – $1.03M
NOI $61,600 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
Explore this area
Business Placement
Demographics for 92410, CA
51,651
Population
14,325
Households
3.6
Avg Household Size
30
Median Age
6%
College-Educated
66%
High-School Grad
8.2 sq mi
ZIP Area
6,299
Density / Sq Mi
$53,390
Median Household Income
$32,474
Median Earnings
$1,303
Median Rent
$273,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Quadplexes in San Bernardino
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has washer and dryer hookups, with gas and electricity metered separately by unit.
Where is this quadplex located?
The property is located at 188 E 11th Street 1-4 San Bernardino, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four residential units with a mix of one- and two‑bedroom layouts; Individual washer and dryer hookups in every unit; Gas and electricity separately metered for each residence
