4-Unit Multifamily
New
For Sale
$950,000
2235 Sunrise Ln, San Bernardino, CA 92404
Four residences feature two bedrooms and two bathrooms apiece, with gated parking and on-site storage.
Property Size3,584 SF
Lot Size0.21 Acres
Price / SF$265.07
Days on Market4
Property Features for 2235 Sunrise Ln
General Information
Standard status
Active
Size
3,584 SF
Net Rentable
3,584 SF
Total Parking Spaces
8
Lot size
0.21 Acres
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Asking Price
$950,000
Highway Access
Yes
Amenities
on-site storage
washer and dryer
Building Details
Year Built
1985
Buildings
1
Listing Agency:
Marcus & Millichap
(310) 909-5500
Listed By:
Oscar Diaz · License #02022902
(213) 943-1884
Source:
Exprealty
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:26AM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
Built in 1985, this four-unit multifamily property contains 3,584 rentable square feet on a 9,152-square-foot lot. Each residence offers two bedrooms and two bathrooms, averaging approximately 896 square feet. Shared amenities include gated parking at the rear, on-site storage, and a washer and dryer.
At 2235 Sunrise Lane in San Bernardino, the property has access to the 210 and 215 freeways, employment centers, shopping, and dining across the Inland Empire. The four-unit configuration allows for operation as a residential income property or potential owner occupancy, subject to tenant occupancy and applicable requirements.
At 2235 Sunrise Lane in San Bernardino, the property has access to the 210 and 215 freeways, employment centers, shopping, and dining across the Inland Empire. The four-unit configuration allows for operation as a residential income property or potential owner occupancy, subject to tenant occupancy and applicable requirements.
Key Highlights
- Four units, each with two bedrooms and two bathrooms
- 3,584 rentable square feet on a 9,152‑square‑foot lot
- Built in 1985; approximately 896 square feet per residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,210
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,200
$1.0M
Cap Rate 7%
$731,571
$731.6K
Cap Rate 9%
$569,000
$569.0K
Market Conditions
NOI Build-Up for 3,584 SF
Gross rent
$77.4K $21.60/SF
− Vacancy
−$4.3K −$1.19/SF
EGI
$73.2K $20.41/SF
− OpEx
−$21.9K −$6.12/SF
NOI
$51.2K $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%
$1,024,200
Cap Rate 7%
$731,571
Cap Rate 9%
$569,000
Alternative Uses
Best Use
Multifamily LT 5
$731.6K
$640.1K – $853.5K
NOI $51,210 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$656.7K
$574.6K – $766.2K
NOI $45,970 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.08M
$944.5K – $1.26M
NOI $75,556 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences feature two bedrooms and two bathrooms apiece, with gated parking and on-site storage.
Where is this quadplex located?
The property is located at 2235 Sunrise Ln San Bernardino, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four units, each with two bedrooms and two bathrooms; 3,584 rentable square feet on a 9,152‑square‑foot lot; Built in 1985; approximately 896 square feet per residence
