Duplex With Multiple Living
For Sale
$624,900
24226 Monterey Avenue, San Bernardino, CA 92410
Duplex property with separate living areas, household amenities, driveway parking, and access to major San Bernardino destinations.
Property Size1,996 SF
Lot Size0.15 Acres
Days on Market73
Property Features for 24226 Monterey Avenue
General Information
Standard status
Active
Size
1,996 SF
Lot size
0.15 Acres
Property subtype
Duplex
Additional Details
Highway Access
Yes
Building Details
Building Size
1,996 SF
Year Built
1937
Listing Agency:
Keller Williams SELA
Listed By:
Vicky Covarrubias · License #01726035
Source:
Camdenmckayre
Added: Aug 5
Changed: Oct 10
Last Checked: Oct 15 at 6:45AM
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 Keller Williams SELA
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Investment Insights
Based on property information with market context.
This duplex property dates to 1937 and occupies a 6,700+ sq ft lot. The existing configuration includes multiple living areas with kitchens, bathrooms, and laundry setups across the property. The main residence has a covered front porch, while a long driveway provides on-site parking and additional off-street parking is available.
The property is near Inland Center Mall, San Bernardino Valley College, downtown San Bernardino, parks, shopping, dining, and everyday services. Access to the 10, 215, and 210 freeways connects the property with destinations throughout the Inland Empire. Public records identify a 4-bedroom residence; unit configuration, bedroom and bathroom counts, square footage, permits, and zoning should be independently verified.
The property is near Inland Center Mall, San Bernardino Valley College, downtown San Bernardino, parks, shopping, dining, and everyday services. Access to the 10, 215, and 210 freeways connects the property with destinations throughout the Inland Empire. Public records identify a 4-bedroom residence; unit configuration, bedroom and bathroom counts, square footage, permits, and zoning should be independently verified.
Key Highlights
- 6,700+ sq ft lot
- Multiple living areas with kitchens, bathrooms, and laundry setups
- Public records reflect a 4‑bedroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,520
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,400
$570.4K
Cap Rate 7%
$407,429
$407.4K
Cap Rate 9%
$316,889
$316.9K
Market Conditions
NOI Build-Up for 1,996 SF
Gross rent
$43.1K $21.60/SF
− Vacancy
−$2.4K −$1.19/SF
EGI
$40.7K $20.41/SF
− OpEx
−$12.2K −$6.12/SF
NOI
$28.5K $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%
$570,400
Cap Rate 7%
$407,429
Cap Rate 9%
$316,889
Alternative Uses
Best Use
Multifamily LT 5
$407.4K
$356.5K – $475.3K
NOI $28,520 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$365.7K
$320.0K – $426.7K
NOI $25,602 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$601.1K
$526.0K – $701.3K
NOI $42,079 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
599
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex property with separate living areas, household amenities, driveway parking, and access to major San Bernardino destinations.
Where is this duplex located?
The property is located at 24226 Monterey Avenue San Bernardino, CA.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: 6,700+ sq ft lot; Multiple living areas with kitchens, bathrooms, and laundry setups; Public records reflect a 4‑bedroom residence
