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480 W 18th St 5 Unit Apartment Building $799,900 ($159,980/Unit) 7.10% Cap Rate San Bernardino, CA 92405
Executive Summary
Rare 5-unit investment opportunity in the heart of downtown San Bernardino. Conveniently located near San Bernardino High School, shopping, dining, and just minutes from the 215 Freeway. Situated on a spacious 20,000 sq. ft. double-wide lot, this single-story courtyard-style property offers excellent income potential with upside in rents. The front home features its own private entrance, front and side yards, 4 bedrooms, 2 baths, family room, laundry room, and an additional bonus room. In the rear are two duplex buildings centered around a shared courtyard, each unit offering 1 bedroom and 1 bath with private patios. Alley access provides gated and secure parking with 11 parking spaces. There is also additional parking adjacent to the front house. Two units include mini-split A/C systems. Attractive cap rate and GRM make this a strong addition to any investment portfolio. Buyer to verify all information and permits.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $799,900 | Building Class | C |
| Price Per Unit | $159,980 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 4,408 SF |
| Cap Rate | 7.10% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.5 | No. Stories | 1 |
| No. Units | 5 | Year Built | 1940 |
| Property Type | Multifamily | Parking Ratio | 3.18/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | RM, City of S.B. | ||
| Price | $799,900 |
| Price Per Unit | $159,980 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| Gross Rent Multiplier | 9.5 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 4,408 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 3.18/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM, City of S.B. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,253 | 441 - 638 |
| 4+2 | 1 | $2,075 | 2,030 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0145-061-09 | Improvements Assessment | $522,063 |
| Land Assessment | $130,516 | Total Assessment | $652,579 |
Property Taxes
Parcel Number
0145-061-09
Land Assessment
$130,516
Improvements Assessment
$522,063
Total Assessment
$652,579
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480 W 18th St
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