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Virginia Street Townhomes 734 W Virginia St 11 Unit Apartment Building $3,306,158 CAD ($300,560 CAD/Unit) 7.99% Cap Rate San Bernardino, CA 92405
Investment Highlights
- Current Cap Rate of 5.59% with a 7.99% Pro Forma CAP. Strong in place return with clear upside through rental increases and improved operations.
- Gated Property with Secure On-Site Parking Controlled access and parking provide added convenience and security.
- Townhouse-Style Layouts with Two-Story Living Desirable floorplans offering separation of living space and increased tenant appeal.
- Projected NOI Growth from ~$134K to ~$192K (~43% Increase) Significant income upside driven by repositioning to market rents.
- Attractive Unit Mix – 100% 2BD/1BA Units (~883 SF) Spacious layouts that appeal to families and long- term tenants.
- Private Fenced Yards for Each Unit Rare amenity that enhances tenant satisfaction and supports rent growth.
Executive Summary
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.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,306,158 CAD | Building Class | C |
| Price Per Unit | $300,560 CAD | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 9,864 SF |
| Cap Rate | 7.99% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.62 | No. Stories | 2 |
| No. Units | 11 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 2.36/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome | ||
| Zoning | RU2 - Urban Residential | ||
| Price | $3,306,158 CAD |
| Price Per Unit | $300,560 CAD |
| Sale Type | Investment |
| Cap Rate | 7.99% |
| Gross Rent Multiplier | 8.62 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 9,864 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.36/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RU2 - Urban Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Oven
- Tub/Shower
- Yard
Site Amenities
- Fenced Lot
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 11 | $2,649 CAD | 883 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0145-164-29 | Total Assessment | $1,264,421 CAD (2025) |
| Land Assessment | $174,231 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,090,190 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
0145-164-29
Land Assessment
$174,231 CAD (2025)
Improvements Assessment
$1,090,190 CAD (2025)
Total Assessment
$1,264,421 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Virginia Street Townhomes | 734 W Virginia St
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