San Bernardino Multifamily Investment
480 West 18th Street San Bernardino, CA 92405
480 West 18th Street, San Bernardino, CA, 92405
$799,900
Pending
For Sale
$799,900
Pending
Rare 5-unit residential compound with strong income potential.
Property Size4,249 SF
Lot Size0.46 Acres
Days on Market66
Property Features for 480 West 18th Street
General Information
- Standard status
- Pending
- Size
- 4,249 SF
- Lot size
- 0.46 Acres
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1940
Listing Agency
Compass
(951) 500-8505
Listed by
Adam Reifer · License #02013465
(951) 500-8505
Source
Compass
Added: May 15 Checked: Jul 19 at 5:37 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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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.
