Independent Living Senior Housing
363 E Gilbert St San Bernardino, CA 92404
363 E Gilbert St, San Bernardino, CA, 92404
Contact for pricing
For Sale
Contact for pricing
71-unit 55+ independent living community in a four-story rental building with controlled access and common-area amenities.
Property Size36,500 SF
Lot Size1.05 Acres
Price / SF$294.52
Days on Market114
Property Features for 363 E Gilbert St
General Information
- Standard status
- Active
- Size
- 36,500 SF
- Lot size
- 1.05 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing agency
CBRE - Ontario
Listed by
Cray Carlson · License #01101138
Source
Crexi
Added: Mar 30 Updated: Jul 21 at 1:03AM Checked: Jul 21 at 6:22AM
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 CBRE - Ontario
Investment Insights
Based on property information with market context.
CBRE presents Bernardine Senior, a 71-unit independent living 55+ senior community built in 1984. The property consists of a single four-story rental building featuring all one-bedroom floorplans ranging from 480 to 520 square feet. An affordable component is offered through Section 8. Common area amenities include a multi-purpose room, elevator, laundry room, storage areas, courtyards and walkways, a fitness center, surface parking, and controlled access.
The community is located less than one block northeast of the intersection of Baseline Street and Waterman Avenue, both major throughfares in San Bernardino. It is described as convenient to medical facilities, grocery stores, shopping, dining, and service-based businesses, with easy access to major area freeways including I-215, 210, and I-10.
For acquisition, the offering includes a single-structure, four-story configuration supporting independent living for 55+ residents, along with onsite common amenities and surface parking.
The community is located less than one block northeast of the intersection of Baseline Street and Waterman Avenue, both major throughfares in San Bernardino. It is described as convenient to medical facilities, grocery stores, shopping, dining, and service-based businesses, with easy access to major area freeways including I-215, 210, and I-10.
For acquisition, the offering includes a single-structure, four-story configuration supporting independent living for 55+ residents, along with onsite common amenities and surface parking.
Key Highlights
- Bernardine Senior is a 71‑unit Independent Living 55+ community in San Bernardino, built in 1984.
- One four‑story rental building on 1.05 acres with all 1‑bedroom units ranging from 480 to 520 SF.
- Unit mix is all 1‑bedroom floorplans, each in the 480–520 SF range.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $897.9k | $24.60 |
| − Vacancy | −$46.7k | −$1.28 |
| EGI | $851.2k | $23.32 |
| − OpEx | −$383.0k | −$10.49 |
| NOI | $468.2k | $12.83 |
36,500 SF · lease $24.60/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$6.69M
$5.85M – $7.80M
NOI $468,165 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.99M
$9.62M – $12.82M
NOI $769,478 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bernardine Senior Independent ...
Retirement Community
Steve young
Grocery & Convenience Store
Laurel Place Retirement
Retirement Community
CC Car Sales
Car Dealership
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FAQs
What type of property is this?
Senior housing / Retirement Home - 71-unit 55+ independent living community in a four-story rental building with controlled access and common-area amenities.
Where is this senior housing / retirement home located?
The property is located at 363 E Gilbert St San Bernardino, CA.
What is the asking price?
The asking price for this property is $10,750,000.
What are key features of this property?
This property features: Bernardine Senior is a 71‑unit Independent Living 55+ community in San Bernardino, built in 1984.; One four‑story rental building on 1.05 acres with all 1‑bedroom units ranging from 480 to 520 SF.; Unit mix is all 1‑bedroom floorplans, each in the 480–520 SF range.
