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Millman Team Real Estate

$2,399,000
0.41 Acre Lot

734 W Virginia, San Bernardino, California 92405

  • Residential Income Property Type
  • Controlled Entrance Cars Garage
  • 1950 Year Built
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.

Basic Details
Residential Income
For Sale
IV26126668
$2,399,000
1950
0.41 Acre
Active
1
Apartment
Features
: None
: Controlled Entrance
: Washer Hookup, Gas Dryer Hookup, Electric Dryer Hookup
: Public Sewer
$0
Address Map
CA
San Bernardino
San Bernardino
92405
Virginia
734
W118° 42' 2.8''
N34° 7' 29.7''
734 W Virginia Street San Bernardino CA 92405
274 - San Bernardino
W
Additional Information
$0
$0
$0
$0
$0
9864
: Sidewalks
1
: Two
: Front Yard
11
2026-06-10
2
2
: Public
Broker/Agent Information
LE INVESTMENT GROUP
ALBERT LE
Listing Information
IVLEALBER
IVLEIN
Submit
Active
2026-06-11T00:38:37Z
CRMLS
: Standard
2026-06-10T12:54:54Z
Agent info
Ray Millman
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