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Property profile & analytics
OFF-MARKET
Estimated value
$10,795,000
Apartment buildings
1398 Sierra Way San Bernardino, CA 92405-4949
Entity Owned
Property ID
US10-1546975
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1949
Construction
WOOD FRAME
Total area
53,776 SF
Lot
3.31 ac (144,183 SF)
APN
0146-163-12-0000
UPID
US10-1546975
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.83M
CAP Approach
CAP
$10.61M
Comparable Approach
Comparable
$14.75M
Blend (final)
Blend
$10.80M
Owner & transaction history
Cobra 28 No 7 LP
Cobra 28 No 7 LP
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.6M
+44.6%
Neighborhood: shopping center
$14.5M
+34.5%
Commercial (general)
$13.6M
+26.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Bernardino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Bernardino submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$10,945,000
ML approach
$10,825,000
CAP Approach
CAP Return
Estimation
6%
$11,495,000
6.5%
$10,610,000
7%
$9,855,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,760,000
Current use
MEDICAL BUILDING
$15,560,000
Change: +45% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$14,475,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,640,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,785,000
Change: +0% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,895,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$10.80M
Range $9.72M – $11.87M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$201 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$86,710
Tax year 2023
Assessed value
$8,160,000
Assessed 2024
Previous assessed
$7,012,202
+16.4% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$7,160,000
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1949
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
68
Total area
53,776 SF
Lot
3.31 ac (144,183 SF)
APN
0146-163-12-0000
UPID
US10-1546975
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.8M
MEDICAL BUILDING
Est. value
$15.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.5M
COMMERCIAL (GENERAL)
Est. value
$13.6M
AUTO REPAIR, GARAGE
Est. value
$10.8M
WAREHOUSE, STORAGE
Est. value
$9.9M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1949
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
68
Lot
3.31 ac
Current owner
From public records · entity-resolved
Cobra 28 No 7 LP
Entity
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2025
—
Cobra 28 No 7 LP
Golden Opportunity No 28 LP
Grant Deed
$6,611,500 · East West Bank
Aug 24, 2023
$8,160,000
Golden Opportunity No 28 LP
Chestnut Apartments LLC
Grant Deed
$8,160,000 · Western Alliance Bank
Jun 17, 2021
—
Chestnut Apartments LLC
—
Deed
related
$4,850,000 · Luther Burbank Mortgage
Dec 6, 2019
—
Chestnut Apartments LLC
Claudia D Villatoro
Quit Claim Deed
—
Nov 21, 2018
$6,540,000
Claudia D Villatoro
1451 E Chevy Chase Drive LLC
Grant Deed
$4,495,000 · Credit Union/sthrn Ca
Aug 9, 2017
—
1451 E Chevy Chase Drive LLC
—
Deed
related
$3,200,000 · Luther Burbank Savings
Feb 12, 2015
$3,250,000
1451 E Chevy Chase Drive LLC
Mountainview Manor LLC
Grant Deed
$2,275,000 · New Omni Bk NA
Nov 20, 2014
—
Gerald W Chamales
Mountainview Manor LLC
Quit Claim Deed
related
—
Jul 2, 2007
—
Mountainview Manor LLC
Harding Family Living Trust L
Quit Claim Deed
related
—
Apr 17, 2003
—
Harding,tr
Harding,edward J
Quit Claim Deed
related
—
Apr 18, 2002
—
Edward J Etal Harding
Harding,edward J Etal
Quit Claim Deed
related
—
Apr 26, 1999
$280,500
Edward J Harding
P I Properties No.15
Grant Deed
related
$869,918 · Seller
Mar 28, 1996
$1,270,000
P I Properties 15
Garg,roop N & Madu Y
Grant Deed
$889,000 · Southern Pacific Thrift & Loan
—
—
Mountainview Manor LLC
—
Deed Of Trust
related
$1,240,223 · Greystone Servicing Corp
—
—
Edward J Harding
—
Deed Of Trust
related
$1,300,000 · Abn Amro Mortgage Group INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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