10-Unit Apartment
For Sale
$1,900,000
529 W 25th Street, San Bernardino, CA 92405
Ten-unit multifamily property featuring an enclosed underground pool and on-site laundry facilities for residents.
Property Size9,151 SF
Days on Market53
Property Features for 529 W 25th Street
General Information
Standard status
Active
Size
9,151 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Multifamily Units
10
Amenities
enclosed underground pool
on-site laundry facilities
Building Details
Building Size
9,151 SF
Year Built
1960
Listing Agency:
Realty Masters & Associates
Listed By:
Robin Coy · License #01377789
(951) 547-8400
Source:
Velocityrealtysd
Added: Jul 22
Changed: Sep 8
Last Checked: Sep 11 at 4:32PM
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 Realty Masters & Associates
Investment Insights
Based on property information with market context.
This for-sale 10-unit apartment building includes an enclosed underground pool and on-site laundry facilities. The property is positioned to support convenient day-to-day resident needs within the community.
Located in San Bernardino, CA, the building is described as being near schools, shopping, dining, and convenient freeway access. WalkScore is listed as 74 (very walkable), BikeScore is 51 (bikeable), and transitScore is 45 (some transit), indicating a balanced mix of local accessibility options.
Located in San Bernardino, CA, the building is described as being near schools, shopping, dining, and convenient freeway access. WalkScore is listed as 74 (very walkable), BikeScore is 51 (bikeable), and transitScore is 45 (some transit), indicating a balanced mix of local accessibility options.
Key Highlights
- 10‑unit apartment building built in 1960
- Enclosed underground pool on site
- On‑site laundry facilities for residents
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
$117,375
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
6.18%
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%
$2,347,500
$2.3M
Cap Rate 7%
$1,676,786
$1.7M
Cap Rate 9%
$1,304,167
$1.3M
Market Conditions
NOI Build-Up for 9,151 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
$225.1K $24.60/SF
− Vacancy
−$11.7K −$1.28/SF
EGI
$213.4K $23.32/SF
− OpEx
−$96.0K −$10.49/SF
NOI
$117.4K $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%
$2,347,500
Cap Rate 7%
$1,676,786
Cap Rate 9%
$1,304,167
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,375 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $192,918 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
Explore this area
Business Placement
Demographics for 92405, CA
32,165
Population
9,727
Households
3.3
Avg Household Size
31
Median Age
13%
College-Educated
74%
High-School Grad
5.0 sq mi
ZIP Area
6,433
Density / Sq Mi
$59,271
Median Household Income
$32,066
Median Earnings
$1,424
Median Rent
$376,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Ten-unit multifamily property featuring an enclosed underground pool and on-site laundry facilities for residents.
Where is this apartment building located?
The property is located at 529 W 25th Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 10‑unit apartment building built in 1960; Enclosed underground pool on site; On‑site laundry facilities for residents
