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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,399,000

Est. payment - /mo

0.41 Acres Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV26126668

HOA Y/N No

Year Built 1950

Lot Size 0.410 Acres

Property Sub-Type Apartment

Property Description

Highlights: Current Cap Rate of 5.59% with a 7.99% ProForma Cap Rate. Strong in place return with clear upside through rental increases and improved operations / Current GRM of 11.63 with a 8.62 ProForma GRM / Projected NOI Growth from ~$134K to ~$191K (~43% Increase) Significant income upside driven by repositioning to market rents / Attractive Unit Mix – 100% 2BD/1BA Units (~883 SF Average) Spacious layouts that appeal to working individuals, families, and long-term tenants seeking larger living spaces / Desirable Mix of Single-Story & Townhouse-Style Units.

734 W Virginia Street is an 11-unit apartment property in San Bernardino featuring a mix of four single-story and seven townhouse-style 2-bedroom, 1-bath units averaging approximately 883 square feet. The townhouse units include two-story floorplans with private yards, helping support longer tenancy and lower turnover. Located just south of the 210 Freeway near the San Bernardino foothills, the property offers convenient access to shopping, employment centers, and major transportation routes, along with gated onsite parking on a 0.41-acre lot. The property has been consistently maintained and professionally managed, contributing to a stable tenant base and reduced turnover. With spacious layouts, private outdoor space, and solid in-place income, the asset offers additional upside through future rental growth and presents a strong value-add investment opportunity.

Location

State CA

County San Bernardino

Area 274 - San Bernardino

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Controlled Entrance

Pool None

Community Features Sidewalks

Total Parking Spaces 11

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 0145164290000

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Listing Terms Submit

Special Listing Condition Standard

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Listed by ALBERT LE LE INVESTMENT GROUP 909-256-7889, DRE #01468313

NEARBY SCHOOL & BUSINESS

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734 W Virginia San Bernardino, CA 92405