$850,000
-$49,0007229 Sterling, San Bernardino CA 92404
Multi-Family (Fourplex)
Property type
66 days
On market
$170
Price per sqft
0 cars
Garage
1952
Year built
14,550 sqft
Lot size
Open Houses
Overview
PRIME FOUR-UNIT INVESTMENT PROPERTY WITH A BRAND NEW ROOF INSTALLED ONLY ONE YEAR AGO. THE BUILDING CONSISTS OF FOUR SPACIOUS UNITS, EACH FEATURING 2 BEDROOMS AND 1 1/2 BATHROOM. TWO UNITS ARE CURRENTLY VACANT AND READY FOR A NEW TENANT AT MARKET RENT OR FOR AN OWNER TO MOVE IN IMMEDIATELY. THIS IS A WELL-MAINTAINED PROPERTY DESIGNED FOR EASY UPKEEP AND STEADY RENTAL INCOME....
Listing provided by: JORGE PEREZ GARCIA DRE #02194071 310-750-8457, PONCE & PONCE REALTY, INC
Listing updated: Jun 3, 2026 at 11:11pm.
Last checked: Jun 3, 2026 at 11:30pm
Source: CRMLS #IG26068955
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $1,300 | $1,300 | $1,800 | Unfurnished |
| 1 | 2 | 2 | — | $1,650 | $1,650 | $1,800 | Unfurnished |
| 1 | 2 | 2 | — | $0 | $0 | $1,800 | Unfurnished |
| 1 | 2 | 2 | — | $0 | $0 | $1,800 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 2
Rent Control: No
Units Leased: 2
Total Actual Rent: $2,950
Tenant Pays: Cable Tv, Electricity, Gas, Telephone
Financial Snapshot
Gross Rent Multiplier
10.8x
List Price / Annual Gross Rent
Cap Rate
6.5%
NOI / List Price
Gross Scheduled Income: $78,600
Operating Expense: $22,350
Net Operating Income: $56,250
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $3,500
New Taxes: $11,250
Trash: $0
Water / Sewer: $3,600
Other Expense: $5,000
Interior
Laundry: Inside
Entry Location: Front
Exterior
Property Attached: No
Stories Total: 1
Levels: One
Common Walls: No Common Walls
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 1191181160000
Additional Parcels: No
Tax Lot: 2
Community
Senior Community: No
Community Features: Street Lights
Nearby Schools
Nearby schools around the 7229 Sterling, San Bernardino, CA 92404. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$680,000
Total Interest
$867,303
Total Payment
$1,547,303
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$5,333
per month
Property History for 7229 Sterling
San Bernardino Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92404.
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