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.
AGENT: ALBERT LE LISTING BROKERAGE: LE INVESTMENT GROUP734 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.
Courtesy of LE INVESTMENT GROUP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 734 W Virginia
San Bernardino, CA
Property Details
Price:
$2,399,000
MLS #:
IV26126668
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
274sanbernardino
Listed Date:
Jun 10, 2026
Total Sq Ft:
9,864
Lot Size:
17,860 sqft / 0.41 acres (approx)
Year Built:
1950
See this Listing
Schools
Interior
Laundry Features
GE, WH
Levels
U
Exterior
Common Walls
_2CW
Community Features
SDW
Parking Spots
11
Parking Total
11
Financial
Map
Community
- Address734 W Virginia San Bernardino CA
- CitySan Bernardino
- CountySan Bernardino
- Zip Code92405
