1718 Base Line St San Bernardino, CA 92411-1649

Property Details for 1718 Base Line St

Lot size

0.17 lot acres

Property type

Warehouses

Property subtype

Self storage facilities

APN

0143-161-03-0000

APU

143161030000

Description

This stabilized self-storage investment opportunity in San Bernardino, CA, features 218 units across five single-story buildings totaling 17,302 net rentable square feet on a 0.85-acre lot. The property boasts an 83.1% occupancy rate as of May 31, 2024, offering immediate cash flow and significant upside potential. Units range in size from 5x3 to 20x12, providing a mix of drive-up and walk-up access. Convenient online rentals and bill pay are available to tenants. The property includes an on-site one-bedroom, one-bathroom manager's residence. Recent capital improvements include new doors and a complete remodel of the office and reception area. Strategically located on West Baseline Street, a high-visibility corridor with over 28,000 vehicles per day, the facility benefits from its proximity to San Bernardino International Airport and San Bernardino Valley College. The surrounding area shows strong demographics, with a 5-mile radius encompassing 375,430 people and an average household income of $79,293. Furthermore, the local submarket is experiencing robust residential growth, with 3,052 future residential units planned within a 5-mile radius. Current street rates are 26.2% below local market averages, presenting a significant opportunity for management to increase revenue. While the current offering does not include an adjacent 0.81-acre parcel, the seller may consider selling it separately.

Location Insight

City

San Bernardino

County

San Bernardino

State

California

Longitude

-117.325

Latitude

34.1217

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments