Listing Broker: LE INVESTMENT GROUP
Listing Agent: ALBERT LE
License #: 01468313
909-256-7889
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.
| Listing Id: | IV26126668 |
|---|---|
| List Price: | $2,399,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Apartment |
| Status: | Active |
| Lot Size Square Feet: | 17,859.6 |
| Lot Size Acres: | 0.41 |
| Waterfront?: | No |
| City: | San Bernardino |
| County Or Parish: | San Bernardino |
| Postal Code: | 92405 |
| Year Built: | 1950 |
| Number Of Units Total: | 11 |
| Basement Yn: | No |
| Building Area Total: | 9864.0 |
| Building Area Units: | SquareFeet |
| Common Interest: | CommunityApartment |
| Common Walls: | TwoCommonWallsOrMore |
| Community Features: | Sidewalks |
| Directions: | 734 W Virginia Street San Bernardino CA 92405 |
| Electric Expense: | $500 |
| Elevation Units: | Feet |
| Entry Level: | 1 |
| Entry Location: | Street |
| Garage Spaces: | 0.0 |
| Gardener Expense: | $1,800 |
| Gross Income: | $278,160 |
| Gross Scheduled Income: | $278,160 |
| Insurance Expense: | $5,600 |
| Laundry Features: | WasherHookup, ElectricDryerHookup, GasDryerHookup |
| Levels: | Two |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Contract Date: | 2026-04-20 |
| Listing Terms: | Submit |
| Lot Features: | FrontYard |
| Lot Size Acres: | 0.41 |
| Lot Size Area: | 0.41 |
| Lot Size Source: | PublicRecords |
| Lot Size Units: | Acres |
| MLS Area Major: | 274 - San Bernardino |
| Net Operating Income: | $191,657 |
| Number Of Buildings: | 1 |
| Number Of Separate Electric Meters: | 12 |
| Number Of Separate Gas Meters: | 11 |
| Number Of Separate Water Meters: | 1 |
| Open Parking Spaces: | 11.0 |
| Operating Expense: | $75,377 |
| Original List Price: | $2,399,000 |
| Parcel Number: | 0145164290000 |
| Parking Features: | ControlledEntrance |
| Parking Total: | 11 |
| Pest Control Expense: | $1,416 |
| Pool Features: | None |
| Postal City: | SAN BERNARDINO |
| Professional Management Expense: | $4,800 |
| Property Attached?: | Yes |
| Rent Control?: | Yes |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| State Or Province: | CA |
| Stories: | 2 |
| Stories Total: | 2 |
| Tenant Pays: | Electricity, Gas |
| Trash Expense: | $5,613 |
| Vacancy Allowance: | 6187 |
| Water Sewer Expense: | $6,900 |
| Water Source: | Public |
| Year Built Source: | PublicRecords |
| Property Sub Type Additional: | Apartment |
| Current Price: | $2,399,000.00 |
| Country Subdivision: | 06071 |
| Record Signature: | -1,775,319,021 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06071:0145164290000 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 08, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
California Regional Multiple Listing Service, Inc. data last updated on October 08, 2026 02:13 PM - PT
Property Last Updated: October 08, 2026 02:13 PM - PT
