1123 Bobbett Drive — Sale in San Bernardino, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: San Bernardino, CA 92410
Photos
Investment Figures
- Cap rate
- 6.40%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present 1123 Bobbett Drive, a six-unit multifamily property located in San Bernardino, California. Offered at a 6.40% cap rate and 10.48 GRM, the property delivers strong in-place cash flow with additional long-term upside. The property consists of approximately ±4,188 rentable square feet on a ±12,622 square foot lot with a unit mix of (4) two-bedroom/one-bathroom units and (2) one-bedroom/one-bathroom units. Most of the units are bungalow style with no shared walls, offering tenants added privacy and helping differentiate the property from traditional apartment layouts. Recent improvements include a newer roof, new electrical breakers in select units, and updated interiors in select units with fresh paint and upgraded finishes. An additional storage area located at the rear of the property provides an opportunity for supplemental rental income, offering investors another potential source of revenue. The property is conveniently located near the 210 and 215 Freeways, providing easy access throughout San Bernardino and the Inland Empire. Tenants also benefit from nearby employment centers, shopping, dining, schools, and everyday services. Combined with its recent improvements, bungalow-style layout, and strong in-place returns, 1123 Bobbett Drive presents an attractive long-term investment opportunity. Investment Highlights: • Offered at an attractive 6.40% cap rate and 10.48 GRM, providing strong in-place returns. • Excellent unit mix of (4) 2 Bedroom / 1 Bath units and (2) 1 Bedroom / 1 Bath units, appealing to a wide range of tenants. • Recent roof replacement, new electrical breakers in select units, and remodeled interiors with fresh paint and upgraded finishes in select units.
Market Context
This multifamily in San Bernardino, CA is listed for sale. It is offered at an approximate 6.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in San Bernardino, CA — view the full market.
As of Q1 2026, the Inland Empire multifamily market showed a 4.9% vacancy rate. Source: multiple brokerage reports, Q1 2026.
Tight vacancy keeps competition for quality space elevated.
Multifamily market FAQ
- Is the Inland Empire multifamily market tightening or softening?
- Vacancy is around 4.9% (Q1 2026).
Contact
- Sebastian Diaz · (213) 943-1839 · sebastian.diaz@marcusmillichap.com
- Oscar Diaz · (213) 943-1884 · oscar.diaz@marcusmillichap.com
- Colin Wu · (909) 456-3432 · colin.wu@marcusmillichap.com
- Ronald Balys · (716) 445-7581 · ron.balys@marcusmillichap.com
Explore this market
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