Contiguous Fourplex Apartment
7032 Glasgow San Bernardino, CA 92404
7032 Glasgow, San Bernardino, CA, 92404
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For Sale
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Two contiguous single-story fourplexes offer eight separately metered two-bedroom apartments with on-site laundry and covered parking.
Property Size5,760 SF
Lot Size0.35 Acres
Price / SF$311.11
Days on Market84
Property Features for 7032 Glasgow
General Information
- Standard status
- Active
- Size
- 5,760 SF
- Lot size
- 0.35 Acres
- Property subtype
- Multifamily
Listing agency
MARCUS & MILLICHAP
(909) 456-3400
Listed by
Douglas McCauley · License #01941403
Source
Crexi
Added: May 1 Updated: Jul 21 at 3:19AM Checked: Jul 22 at 2:27PM
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 MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
This offering presents a pair of well-maintained, contiguous single-story fourplex apartment buildings: 7032 and 7036 Glasgow Avenue. The property is comprised of eight units total, all with two-bedroom, one-bathroom layouts, and each unit is individually metered for gas and electricity. Units also include individual hot water heaters, wall heaters, and window air conditioners, with tile and vinyl plank flooring throughout. An on-site laundry room is owned, and residents have access to covered carport parking along with street parking.
The buildings have undergone notable recent improvements, including roof replacements approximately four years ago with a 10-year warranty, and window replacements approximately three years ago. Each building is situated on its own parcel, and the two legal parcels are recorded separately.
The asset is offered as a combined assemblage, with the recorded parcels supporting the ability to finance each building independently under its own 30-year fixed-rate conventional mortgage or together under a single commercial loan.
The buildings have undergone notable recent improvements, including roof replacements approximately four years ago with a 10-year warranty, and window replacements approximately three years ago. Each building is situated on its own parcel, and the two legal parcels are recorded separately.
The asset is offered as a combined assemblage, with the recorded parcels supporting the ability to finance each building independently under its own 30-year fixed-rate conventional mortgage or together under a single commercial loan.
Key Highlights
- Contiguous pair of single‑story fourplex buildings at 7032 and 7036 Glasgow Avenue in San Bernardino, CA
- 8 total units, all 2‑bedroom/1‑bath, each unit is separately metered for gas and electricity
- Individually heated with wall heaters and window air conditioners; each unit has its own hot water heater
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 | $141.7k | $24.60 |
| − Vacancy | −$7.4k | −$1.28 |
| EGI | $134.3k | $23.32 |
| − OpEx | −$60.4k | −$10.49 |
| NOI | $73.9k | $12.83 |
5,760 SF · lease $24.60/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$923.5K – $1.23M
NOI $73,880 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,430 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two contiguous single-story fourplexes offer eight separately metered two-bedroom apartments with on-site laundry and covered parking.
Where is this apartment building located?
The property is located at 7032 Glasgow San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,792,000.
What are key features of this property?
This property features: Contiguous pair of single‑story fourplex buildings at 7032 and 7036 Glasgow Avenue in San Bernardino, CA; 8 total units, all 2‑bedroom/1‑bath, each unit is separately metered for gas and electricity; Individually heated with wall heaters and window air conditioners; each unit has its own hot water heater
