John E Burge

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734 W VirginiaSan Bernardino, CA 92405

Multi-Family · 9,864 Sq. ft. | 0.41 Acres
$2,399,000 Active

734 W Virginia Overview

Time on Site:
19 days
Visits:
0

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.

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734 W Virginia Facts & Features

  • Type Multi-Family
  • Sq. ft. 9,864
  • Price/Sq.ft. $243
  • Lot 0.41 Acres

Details

General

Association/HOA

  • Common Interest: Community Apartment

Income/Expenses

  • Electric Expense: 500.0
  • Gardener Expense: 1800.0
  • Gross Income: 278160.0
  • Gross Scheduled Income: 278160.0
  • Insurance Expense: 5600.0
  • Net Operating Income: 191657.0
  • Operating Expense: 75377.0
  • Trash Expense: 5613.0
  • Water Sewer Expense: 6900.0

Building Information

  • New Construction: No
  • Year Built: 1950

Location/Region

  • Country: US
  • County Or Parish: San Bernardino
  • MLS Area Major: 274 - San Bernardino
  • Postal City: SAN BERNARDINO

Community/Development

  • Community Features: Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Electricity,Gas

General Information

  • Listing Terms: Submit
  • Parcel Number: 0145164290000
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 9864.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: Street
  • Laundry Features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
  • Levels: Two
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking Spaces: 11.0
  • Parking Features: Controlled Entrance
  • Parking Total: 11.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Front Yard
  • Lot Size Acres: 0.41
  • Lot Size Area: 0.41
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 17859.6
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Total: 11
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

734 W Virginia Neighborhood

Community

92405 (San Bernardino) Demographics

30
Median Age
6,515
Population Density (per sq. mile)
19%
College Educated
$41,631
Estimated Median Income
3,886
Estimated Total Home Owners
5,084
Estimated Total Renters
43% / 57%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

734 W Virginia Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

734 W Virginia Market Data

Based on the last 30 days in this zip code

$480,548
Average List Price
$356
Average Price per Square Foot
16
Properties Sold
71
Average Days on Market
103
Properties for Sale
Calculations provided by Reliance Network

734 W Virginia History

Date Event Value Agent
6/10/2026Source: CRMLS Added to Database
June 10, 2026
Listing provided courtesy of LE INVESTMENT GROUPALBERT LE- MLS# IV26126668MLS ProviderContact Information: [email protected] - 909-256-7889
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