Duplex with Updated Front
New
For Sale
$515,000
243 E Olive St, San Bernardino, CA 92410
San Bernardino, CA
Property Size1,490 SF
Lot Size0.15 Acres
Price / SF$345.64
Days on Market6
Property Features for 243 E Olive St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Laundry Room, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1
Parking
1
Parking features
Carport
Patio and Porch features
Porch, Patio
Lot features
Lot 6500-9999
Elementary school district
Sierra Unified
Middle school district
Sierra Unified
High school district
Sierra Unified
Directions
North of E 10th St and West of N Waterman Ave
Subdivision
274 - San Bernardino
Standard status
Active
APN
0140122050000
Size
1,490 SF
Lot size
0.15 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1942
Floors in Building
1
Number of units
2
Building materials
Frame
Roof type
Shingle, Composition
Listing Agency:
PONCE & PONCE REALTY, INC
(909) 266-0934
Listed By:
VANESA HERNANDEZ · License #02114348
(909) 666-3917
Added: Oct 18
Changed: Oct 23
Last Checked: Oct 23 at 9:06PM
MLS# IG26227849
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This frame duplex contains two residences totaling 1,490 square feet. The front unit has 2 bedrooms and 1 bathroom, with refreshed flooring, interior paint, kitchen cabinets and counters, and a remodeled bathroom. The rear residence includes 1 bedroom and 1 bathroom, along with a spacious living room. The property was built in 1942 and sits on a 0.1504-acre lot. A carport, porch, and patio are among the site features, with public water and sewer service.
Located in San Bernardino, the property is near shopping, dining, schools, and freeway access. Both residences have separate living areas and distinct bedroom configurations.
Located in San Bernardino, the property is near shopping, dining, schools, and freeway access. Both residences have separate living areas and distinct bedroom configurations.
Key Highlights
- Two residences: front unit has 2 bedrooms and 1 bathroom; rear unit has 1 bedroom and 1 bathroom
- Front residence features updated flooring, paint, kitchen cabinetry and counters, and a renovated bathroom
- 1,490 square feet of building area on a 0.1504‑acre lot
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.
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a mix of two-bedroom and one-bedroom layouts.
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 residences: front unit has 2 bedrooms and 1 bathroom; rear unit has 1 bedroom and 1 bathroom; Front residence features updated flooring, paint, kitchen cabinetry and counters, and a renovated bathroom; 1,490 square feet of building area on a 0.1504‑acre lot
