Turnkey Six-Unit Apartment
For Sale
$1,910,800
25235 Pacific, San Bernardino, CA 92404
Gated six-unit complex with pool and laundry, garages, and five remodeled units completed in 2025.
Property Size5,399 SF
Days on Market112
Property Features for 25235 Pacific
General Information
Standard status
Active
Size
5,399 SF
Property subtype
Commercial
Occupancy
100%
Financials
Cap Rate
6.7%
Business Included
Yes
Opportunity Zone
Yes
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$10,904
Building Details
Building Size
5,399 SF
Year Built
1962
Units
6
Tenancy
Multi
Listing Agency:
(949) 547-1748
Listed By:
Patricia Tortone
(949) 547-1748
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 12 at 8:03AM
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 Patricia Tortone
Investment Insights
Based on property information with market context.
Pacific St. Apartments is a turnkey, gated six-unit multifamily property featuring a mix of two-bedroom and three-bedroom floor plans. The community includes an on-site pool and laundry, individual garages plus additional parking, and modern interior finishes.
Recent capital investment includes five fully remodeled units, four completed in 2025, with new flooring, appliances, and fixtures. Each apartment is equipped with HVAC, dual-pane windows, and tile or plank flooring. Utilities are individually metered for tenants (electric and gas), while the landlord pays water, sewer, and trash.
The property is in a designated Opportunity Zone. Reported performance includes 100% current occupancy and approximately 1.4% vacancy over the past five years, with an in-place cap rate of approximately 6.0% and a projected cap rate of approximately 6.7% supported by pro forma income.
Recent capital investment includes five fully remodeled units, four completed in 2025, with new flooring, appliances, and fixtures. Each apartment is equipped with HVAC, dual-pane windows, and tile or plank flooring. Utilities are individually metered for tenants (electric and gas), while the landlord pays water, sewer, and trash.
The property is in a designated Opportunity Zone. Reported performance includes 100% current occupancy and approximately 1.4% vacancy over the past five years, with an in-place cap rate of approximately 6.0% and a projected cap rate of approximately 6.7% supported by pro forma income.
Key Highlights
- Six‑unit multifamily property built in 1962 at 25235 Pacific St, San Bernardino, within a designated Opportunity Zone
- Gated community with on‑site pool and laundry plus individual garages and additional parking
- Five fully remodeled units, with four completed in 2025, including new flooring, appliances, and fixtures
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
$69,250
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
3.62%
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%
$1,385,000
$1.4M
Cap Rate 7%
$989,286
$989.3K
Cap Rate 9%
$769,444
$769.4K
Market Conditions
NOI Build-Up for 5,399 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
$132.8K $24.60/SF
− Vacancy
−$6.9K −$1.28/SF
EGI
$125.9K $23.32/SF
− OpEx
−$56.7K −$10.49/SF
NOI
$69.2K $12.83/SF
Area
San Bernardino, CA
Vacancy
5.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
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%
$1,385,000
Cap Rate 7%
$989,286
Cap Rate 9%
$769,444
Alternative Uses
Best Use
Apartment 5plus
$989.3K
$865.6K – $1.15M
NOI $69,250 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,820 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 92404, CA
64,270
Population
19,403
Households
3.3
Avg Household Size
31
Median Age
10%
College-Educated
72%
High-School Grad
31.6 sq mi
ZIP Area
2,034
Density / Sq Mi
$66,173
Median Household Income
$36,237
Median Earnings
$1,386
Median Rent
$383,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Gated six-unit complex with pool and laundry, garages, and five remodeled units completed in 2025.
Where is this apartment building located?
The property is located at 25235 Pacific San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,910,800.
What are key features of this property?
This property features: Six‑unit multifamily property built in 1962 at 25235 Pacific St, San Bernardino, within a designated Opportunity Zone; Gated community with on‑site pool and laundry plus individual garages and additional parking; Five fully remodeled units, with four completed in 2025, including new flooring, appliances, and fixtures
