Duplex With Multiple Living
For Sale
$649,900
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 Market27
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: Aug 23
Last Checked: Aug 30 at 10:55PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,520
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.39%
Second Best
Apartment 5plus
$365.7K
$320.0K – $426.7K
NOI $25,602 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$601.1K
$526.0K – $701.3K
NOI $42,079 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $649,900.
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
