San Bernardino Multifamily Investment
480 West 18th Street, San Bernardino, CA 92405
Rare 5-unit residential compound with strong income potential.
Type:Commercial Sale / Multi Family
Property size:
4,249 SFLot size:
0.46 AcresPrice / SF:
$188/SF- Added:
- May 22, 2026
- Days on Market:
- 13
- Last Refresh:
- May 27 at 7:17 am
Property Features for 480 West 18th Street
General Information
- Standard status
- Active
- Size
- 4,249 SF
- Lot size
- 0.46 Acres
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1940
Listing agent Adam Reifer License #02013465 (951) 500-8505
Listing office Compass (951) 500-8505
Listing date May 22, 2026
Source Compass
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 Compass
HighLights
- Rare 5‑unit residential‑style multifamily compound on a large 20,000 sq. ft. lot.
- Strong in‑place income with additional upside potential through rent growth and property improvements.
- Front Craftsman‑style residence with 4 bedrooms, 2 bathrooms, and a large private yard.
- Four single‑story 1‑bedroom/1‑bath units, each with private entry and individual yard space.
- Secured gated parking for all units, enhancing tenant privacy and security.
- Convenient location near schools, shopping, dining, medical facilities, and the 215 Freeway.
Overview
This rare 5-unit residential-style multifamily compound is situated on an expansive approximately 20,000 sq. ft. lot in the heart of San Bernardino. The property features a charming front Craftsman-style residence offering 4 bedrooms, 2 bathrooms, spacious living and family rooms, a dining area, laundry room, and a bonus/flex room. It also includes a large private side yard with secured gated parking. The rear portion of the property consists of four thoughtfully designed single-story 1-bedroom/1-bath units, each with a private entry and its own individual yard space, creating a strong residential feel. The gated rear parking area offers additional secure parking and can be locked nightly. The property offers approximately 4,249+ sq. ft. of living space. It features strong in-place income, and additional upside potential through future rent growth and continued property improvements. Upgrades have been completed during ownership, including electrical improvements to the front home, and additional updates are currently being made. Additional features include 5 gas meters, 5 electric meters, approximately 11 parking spaces, select mini-split A/C systems, and a flexible tenancy structure. Conveniently located near San Bernardino High School, shopping, dining, medical facilities, and with quick access to the 215 Freeway, this property is well-positioned for long-term rental demand and future value-add potential.
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 | $104.5k | $24.60 |
| − Vacancy | −$5.4k | −$1.28 |
| EGI | $99.1k | $23.32 |
| − OpEx | −$44.6k | −$10.49 |
| NOI | $54.5k | $12.83 |
4,249 SF · lease $24.60/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$778.6K
$681.3K – $908.3K
NOI $54,500 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,576 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Bernardino
- County
- San Bernardino
- State
- California
- Longitude
- -117.2935217
- Latitude
- 34.1318869
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Rare 5-unit residential compound with strong income potential.
Where is this apartment building located?
The property is located at 480 West 18th Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Rare 5‑unit residential‑style multifamily compound on a large 20,000 sq. ft. lot.; Strong in‑place income with additional upside potential through rent growth and property improvements.; Front Craftsman‑style residence with 4 bedrooms, 2 bathrooms, and a large private yard.
