Duplex with Updated Front
New
For Sale
$515,000
243 E Olive St, San Bernardino, CA 92410
Two separate residences include a refreshed two-bedroom home and a one-bedroom rear unit.
Property Size1,490 SF
Days on Market6
Property Features for 243 E Olive St
General Information
Standard status
Active
Size
1,490 SF
Property subtype
Duplex
Site & Location
Neighborhood
Hanes Park
Highway Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Building Size
1,490 SF
Year Built
1942
Listing Agency:
PONCE & PONCE REALTY, INC
Listed By:
VANESA HERNANDEZ · License #02114348
(909) 666-3917
Source:
Camdenmckayre
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 2:49PM
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 PONCE & PONCE REALTY, INC
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Investment Insights
Based on property information with market context.
Built in 1942, this duplex contains two separate residences. The front unit offers 2 bedrooms, 1 bathroom, and approximately 798 square feet, with updated flooring, interior paint, kitchen cabinetry, countertops, and a renovated bathroom. At the rear, the 1-bedroom, 1-bathroom unit provides approximately 692 square feet and a spacious living room.
Shopping, dining, schools, and major freeway access are noted in the surrounding area.
Shopping, dining, schools, and major freeway access are noted in the surrounding area.
Key Highlights
- Two‑unit duplex built in 1942
- Front residence: 2 bedrooms, 1 bathroom, approximately 798 square feet
- Front unit features updated flooring, paint, kitchen cabinetry, countertops, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,290
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,800
$425.8K
Cap Rate 7%
$304,143
$304.1K
Cap Rate 9%
$236,556
$236.6K
Market Conditions
NOI Build-Up for 1,490 SF
Gross rent
$32.2K $21.60/SF
− Vacancy
−$1.8K −$1.19/SF
EGI
$30.4K $20.41/SF
− OpEx
−$9.1K −$6.12/SF
NOI
$21.3K $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%
$425,800
Cap Rate 7%
$304,143
Cap Rate 9%
$236,556
Alternative Uses
Best Use
Multifamily LT 5
$304.1K
$266.1K – $354.8K
NOI $21,290 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$273.0K
$238.9K – $318.5K
NOI $19,111 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$448.7K
$392.7K – $523.5K
NOI $31,412 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
960
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 - Two separate residences include a refreshed two-bedroom home and a one-bedroom rear unit.
Where is this duplex located?
The property is located at 243 E Olive St San Bernardino, CA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1942; Front residence: 2 bedrooms, 1 bathroom, approximately 798 square feet; Front unit features updated flooring, paint, kitchen cabinetry, countertops, and bathroom
