Pinecrest Apartments — Sale in San Bernardino, CA
- Price: $10.8M
- Listing type: For sale
- Asset type: Multifamily Property
- Location: San Bernardino, CA 92404
Photos
Description
Pinecrest Apartments | 57 Units in San Bernardino | Value Add CBRE, Inc., as exclusive advisor, is pleased to present the prime investment opportunity to acquire Pinecrest Apartments, located at 1683 Pumalo Street in San Bernardino, California. This offering presents an exceptional opportunity to secure a stabilized asset in the high-demand Inland Empire, boasting a strong 5.73% entry CAP rate with a clear path to a 7.89% pro forma yield through a captured 25% rental upside. Situated on a sprawling ±101,200 square foot lot with a total building area of ±52,070 square feet, the property reflects meaningful capital investment, with approximately 47% of units having undergone full renovation featuring modern wood-style flooring, designer countertops, updated interior paint, contemporary fixtures, and newer style appliances, making it highly attractive to today’s renters. The 57-unit asset spans nine buildings in the Northeast Sterling neighborhood, offering seamless connectivity via the State Route 210 freeway with immediate access to Interstates 215 and 10. This central location effectively links residents to major employment hubs throughout San Bernardino County and the Greater Los Angeles region. Pinecrest Apartments features a unit mix of one 1-bedroom/1-bathroom and fifty-six 2-bedroom/2-bathroom residences, with a generous average unit size of ±914 square feet. Built in 1985, the community is meticulously maintained and offers a well-appointed amenity package designed for comfort and convenience. Interior features include central air and heating, newer style appliances, and large outdoor patios in select units. The community provides residents with a sparkling swimming pool, a new onsite laundry facility, and assigned parking on attractively landscaped grounds. San Bernardino’s resilient economy is anchored by major employers including the County of San Bernardino, Dignity Health, the San Bernardino City Unified School District, Stater Bros. Markets,
Market Context
This multifamily in San Bernardino, CA is listed for sale at $10,800,000. 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).
First seen on CREHunt: Oct 13, 2026
Contact the listing broker
This listing comes from the CBRE website. CREhunt does not pass messages to the broker. Contact the broker directly.
- Eric Chen · 909 418 2071 · eric.chen@cbre.com
- Blake Torgerson · 909 418 2074 · blake.torgerson@cbre.com
Questions to ask the broker
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- What is the current zoning, and does it allow my intended use?
- How many parking spaces come with the property?
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