$1,060,500
-$20,000551 W 7th, San Bernardino CA 92410
Multi-Family (6 Units)
Property type
71 days
On market
$288
Price per sqft
0 cars
Garage
1920
Year built
15,000 sqft
Lot size
Open Houses
Overview
Price Reduced! All Units are occupied! 6 Unit Property in San Bernardino! You don't want to miss out on this opportunity. This property has 6 units. 2 Units have 2 Bedrooms and 1 bathroom; 4 units have 1 Bedroom and 1 Bathroom. Roof was replaced in 2024 and 2025. The property is located a half block away from Blakely Jones Elementary School, across from the Board of Education...
Listing provided by: Kuldeep Singh DRE #02241860, Ray Kottapalli
Listing updated: Apr 20, 2026 at 07:18pm.
Last checked: Jun 4, 2026 at 08:01pm
Source: CRMLS #PW26061171
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $1,550 | $1,550 | $0 | Unfurnished |
| 1 | 2 | 1 | — | $1,400 | $1,400 | $0 | Unfurnished |
| 1 | 1 | 1 | — | $1,200 | $1,200 | $0 | Unfurnished |
| 1 | 1 | 1 | — | $1,200 | $1,200 | $0 | Unfurnished |
| 1 | 1 | 1 | — | $1,200 | $1,200 | $0 | Unfurnished |
| 1 | 1 | 1 | — | $1,250 | $1,250 | $0 | Unfurnished |
# of Buildings: 4
# of Units Total: 6
Separate Electric Meters: 6
Separate Gas Meters: 6
Separate Water Meters: 1
Rent Control: No
Units Leased: 6
Total Actual Rent: $7,800
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
11.3x
List Price / Annual Gross Rent
Cap Rate
6.96%
NOI / List Price
Gross Scheduled Income: $93,600
Operating Expense: $19,767
Net Operating Income: $73,833
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $3,292
Maintenance: $100
Professional Management: $0
Trash: $300
Water / Sewer: $300
Other Expense: $8,075
Interior
Interior Features: All Bedrooms Down
Room Type: Bedroom, Kitchen, Living Room
Cooling: None
Heating: None
Fireplace: None
Laundry: None
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Common Walls: One Common Wall
Lot Features: Lawn
Pool: None
Spa: None
Fencing: Chain Link
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: Neighborhood
Road Surface Type: Paved
Garage and Parking
Parking: Concrete
Garage Spaces: 0
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 0134022040000
Additional Parcels: No
Tax Lot: 5
Tax Block: 44
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 551 W 7th, San Bernardino, CA 92410. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$848,400
Total Interest
$1,082,087
Total Payment
$1,930,487
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,617
per month
Property History for 551 W 7th
San Bernardino Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92410.
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