Corner-Lot Duplex with Private
For Sale
$595,000
2402 W 1st, San Bernardino, CA 92407
Two side-by-side residences provide separate outdoor areas and flexible occupancy options.
Property Size1,353 SF
Days on Market73
Property Features for 2402 W 1st
General Information
Standard status
Active
Size
1,353 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA + bonus room, 1 x 1BR/1BA
Multifamily Units
2
Amenities
private backyard patio
Building Details
Building Size
1,353 SF
Year Built
1958
Buildings
1
Listing Agency:
Re/Max Top Producers
Listed By:
Jesse Reyes · License #01507176
Source:
Camdenmckayre
Added: Aug 5
Changed: Oct 7
Last Checked: Oct 15 at 5:14AM
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 Re/Max Top Producers
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Investment Insights
Based on property information with market context.
This duplex includes two side-by-side residences: one two-bedroom, one-bath home with a bonus room and one one-bedroom, one-bath home. Each residence has a private backyard patio, with the outdoor areas divided by new wrought-iron fencing and block walls. Recent improvements include fresh interior and exterior paint, dual-pane windows, a newer roof, recessed lighting, ceiling fans, brand-new water heaters, and newly constructed privacy block walls.
The property occupies a corner lot in Muscoy, with access to the 210 Freeway, shopping, schools, public transportation, and nearby equestrian trails. The two-residence layout can support living in one unit while leasing the other, or leasing both units, subject to applicable requirements. Built in 1958, the property also offers outdoor space for each residence.
The property occupies a corner lot in Muscoy, with access to the 210 Freeway, shopping, schools, public transportation, and nearby equestrian trails. The two-residence layout can support living in one unit while leasing the other, or leasing both units, subject to applicable requirements. Built in 1958, the property also offers outdoor space for each residence.
Key Highlights
- Two side‑by‑side residences with 2‑bedroom/1‑bath and 1‑bedroom/1‑bath layouts
- 2‑bedroom unit includes a bonus room
- Private backyard patio for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,332
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,640
$386.6K
Cap Rate 7%
$276,171
$276.2K
Cap Rate 9%
$214,800
$214.8K
Market Conditions
NOI Build-Up for 1,353 SF
Gross rent
$29.2K $21.60/SF
− Vacancy
−$1.6K −$1.19/SF
EGI
$27.6K $20.41/SF
− OpEx
−$8.3K −$6.12/SF
NOI
$19.3K $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%
$386,640
Cap Rate 7%
$276,171
Cap Rate 9%
$214,800
Alternative Uses
Best Use
Multifamily LT 5
$276.2K
$241.7K – $322.2K
NOI $19,332 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$247.9K
$216.9K – $289.2K
NOI $17,354 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$407.5K
$356.5K – $475.4K
NOI $28,523 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
92
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 - Two side-by-side residences provide separate outdoor areas and flexible occupancy options.
Where is this duplex located?
The property is located at 2402 W 1st San Bernardino, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two side‑by‑side residences with 2‑bedroom/1‑bath and 1‑bedroom/1‑bath layouts; 2‑bedroom unit includes a bonus room; Private backyard patio for each residence
