New Construction
For Sale
$999,999
871 N Perris, San Bernardino, CA 92411
Three separate living spaces combine modern design with flexible household and rental arrangements.
Property Size2,734 SF
Days on Market108
Property Features for 871 N Perris
General Information
Standard status
Active
Size
2,734 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Building Details
Building Size
2,734 SF
Year Built
2026
Listing Agency:
eXp Realty of California Inc
Listed By:
James Herman · License #01922330
Source:
Camdenmckayre
Added: May 18
Changed: Aug 30
Last Checked: Aug 31 at 9:33PM
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 eXp Realty of California Inc
Investment Insights
Based on property information with market context.
Completed in 2026, this newly constructed triplex combines a primary residence with two additional living spaces. The main home measures 1,236 square feet and features an open arrangement connecting the kitchen, dining area, and living room. Multiple bedrooms and a dedicated garage support everyday residential use, while the layout balances shared areas with private spaces.
A detached, fully permitted ADU adds 1,000 square feet and includes a separate entrance. The attached JADU contributes another 498 square feet and has its own kitchenette, creating a self-contained option for guests, extended household members, or additional rental use. On-site parking is also provided, and the property incorporates updated systems and modern construction standards throughout.
A detached, fully permitted ADU adds 1,000 square feet and includes a separate entrance. The attached JADU contributes another 498 square feet and has its own kitchenette, creating a self-contained option for guests, extended household members, or additional rental use. On-site parking is also provided, and the property incorporates updated systems and modern construction standards throughout.
Key Highlights
- Newly constructed in 2026
- 1,236 SF primary residence with open kitchen, dining, and living areas
- 1,000 SF detached, fully permitted ADU with separate entrance
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
$39,064
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
3.91%
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%
$781,280
$781.3K
Cap Rate 7%
$558,057
$558.1K
Cap Rate 9%
$434,044
$434.0K
Market Conditions
NOI Build-Up for 2,734 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
$59.1K $21.60/SF
− Vacancy
−$3.2K −$1.19/SF
EGI
$55.8K $20.41/SF
− OpEx
−$16.7K −$6.12/SF
NOI
$39.1K $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 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%
$781,280
Cap Rate 7%
$558,057
Cap Rate 9%
$434,044
Alternative Uses
Best Use
Multifamily LT 5
$558.1K
$488.3K – $651.1K
NOI $39,064 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$501.0K
$438.3K – $584.5K
NOI $35,067 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$823.4K
$720.5K – $960.6K
NOI $57,637 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Explore this area
Business Placement
Demographics for 92411, CA
27,014
Population
7,065
Households
3.8
Avg Household Size
30
Median Age
7%
College-Educated
65%
High-School Grad
4.7 sq mi
ZIP Area
5,748
Density / Sq Mi
$55,457
Median Household Income
$31,320
Median Earnings
$1,355
Median Rent
$318,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate living spaces combine modern design with flexible household and rental arrangements.
Where is this triplex located?
The property is located at 871 N Perris San Bernardino, CA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Newly constructed in 2026; 1,236 SF primary residence with open kitchen, dining, and living areas; 1,000 SF detached, fully permitted ADU with separate entrance
