3-Unit Multifamily
For Sale
$679,900
7209 Tippecanoe, San Bernardino, CA 92404
Occupied rental asset with individually metered electric and gas service for each unit.
Property Size2,789 SF
Days on Market64
Property Features for 7209 Tippecanoe
General Information
Standard status
Active
Size
2,789 SF
Property subtype
Investment
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Building Details
Building Size
2,789 SF
Year Built
1952
Units
3
Listing Agency:
Berkshire Hathaway HomeServices California
Listed By:
Jack Williams · License #01220043
(909) 231-9842
Source:
Elliman
Added: Aug 15
Changed: Oct 5
Last Checked: Oct 16 at 10:38AM
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 Berkshire Hathaway HomeServices California
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains three separate residential units, all currently rented. Individual electric and gas meters serve each unit, supporting separate utility accounting across the property. The building was constructed in 1952 and is currently occupied by tenants.
Key Highlights
- Three‑unit multifamily property
- All 3 units are currently rented
- Separate electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,850
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,000
$797.0K
Cap Rate 7%
$569,286
$569.3K
Cap Rate 9%
$442,778
$442.8K
Market Conditions
NOI Build-Up for 2,789 SF
Gross rent
$60.2K $21.60/SF
− Vacancy
−$3.3K −$1.19/SF
EGI
$56.9K $20.41/SF
− OpEx
−$17.1K −$6.12/SF
NOI
$39.9K $14.29/SF
Area
San Bernardino, CA
Vacancy
5.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,000
Cap Rate 7%
$569,286
Cap Rate 9%
$442,778
Alternative Uses
Best Use
Multifamily LT 5
$569.3K
$498.1K – $664.2K
NOI $39,850 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$511.0K
$447.2K – $596.2K
NOI $35,773 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$840.0K
$735.0K – $980.0K
NOI $58,797 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 92404, CA
64,270
Population
19,403
Households
3.3
Avg Household Size
31
Median Age
10%
College-Educated
72%
High-School Grad
31.6 sq mi
ZIP Area
2,034
Density / Sq Mi
$66,173
Median Household Income
$36,237
Median Earnings
$1,386
Median Rent
$383,700
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
Frequently Asked Questions
What type of property is this?
Triplex - Occupied rental asset with individually metered electric and gas service for each unit.
Where is this triplex located?
The property is located at 7209 Tippecanoe San Bernardino, CA.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Three‑unit multifamily property; All 3 units are currently rented; Separate electric meters for each unit
