20-Unit Apartment
For Sale
$2,999,000
901 N Arrowhead, San Bernardino, CA 92410
Multifamily property with gated entry, varied unit layouts, and convenient access to major Inland Empire employment centers.
Property Size11,182 SF
Days on Market52
Property Features for 901 N Arrowhead
General Information
Standard status
Active
Size
11,182 SF
Property subtype
Apartment
Site & Location
Neighborhood
Hanes Park
Building Details
Building Size
11,182 SF
Year Built
1928
Listing Agency:
LE INVESTMENT GROUP
Listed By:
DARREN CORREA · License #02066621
(714) 310-2840
Source:
Camdenmckayre
Added: Sep 16
Changed: Nov 5
Last Checked: Nov 4 at 8:11PM
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 LE INVESTMENT GROUP
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Investment Insights
Based on property information with market context.
Built in 1928, this 20-unit apartment property contains approximately 11,182 rentable square feet. The unit mix includes eighteen one-bedroom, one-bath residences and two two-bedroom, one-bath residences, providing a range of apartment configurations within the asset. Gated access supports controlled entry, while master-metered gas, electricity, and water serve the property.
The property is located at 901 N Arrowhead Avenue in San Bernardino, near Downtown San Bernardino. Regional access includes I-215, I-210, and I-10, with shopping, dining, healthcare, public transportation, and Inland Empire employment centers nearby. The investment currently reports a 6.01% CAP rate, with a 6.51% pro forma CAP rate.
The property is located at 901 N Arrowhead Avenue in San Bernardino, near Downtown San Bernardino. Regional access includes I-215, I-210, and I-10, with shopping, dining, healthcare, public transportation, and Inland Empire employment centers nearby. The investment currently reports a 6.01% CAP rate, with a 6.51% pro forma CAP rate.
Key Highlights
- 20‑unit apartment property totaling approximately 11,182 rentable square feet
- Unit mix includes eighteen 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
- Built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,425
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,868,500
$2.9M
Cap Rate 7%
$2,048,929
$2.0M
Cap Rate 9%
$1,593,611
$1.6M
Market Conditions
NOI Build-Up for 11,182 SF
Gross rent
$275.1K $24.60/SF
− Vacancy
−$14.3K −$1.28/SF
EGI
$260.8K $23.32/SF
− OpEx
−$117.3K −$10.49/SF
NOI
$143.4K $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 Rate 5%
$2,868,500
Cap Rate 7%
$2,048,929
Cap Rate 9%
$1,593,611
Alternative Uses
Best Use
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,425 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,734 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,632
Businesses Nearby
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Business Placement
Demographics for 92410, CA
51,651
Population
14,325
Households
3.6
Avg Household Size
30
Median Age
6%
College-Educated
66%
High-School Grad
8.2 sq mi
ZIP Area
6,299
Density / Sq Mi
$53,390
Median Household Income
$32,474
Median Earnings
$1,303
Median Rent
$273,700
Median Home Value
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Market
Properties on Market for Apartment buildings in San Bernardino
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with gated entry, varied unit layouts, and convenient access to major Inland Empire employment centers.
Where is this apartment building located?
The property is located at 901 N Arrowhead San Bernardino, CA.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 20‑unit apartment property totaling approximately 11,182 rentable square feet; Unit mix includes eighteen 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units; Built in 1928
