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1479 Lugo Avenue, San Bernardino, CA 92404
Priced at Only: $1,179,500
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Address: 1479 Lugo Avenue, San Bernardino, CA 92404
Property Location and Similar Properties
- MLS#: 25612527 ( )
- Street Address: 1479 Lugo Avenue
- Viewed: 1
- Price: $1,179,500
- Price sqft: $0
- Waterfront: No
- Year Built: 1972
- Bldg sqft: 0
- Days On Market: 133
- Additional Information
- County: SAN BERNARDINO
- City: San Bernardino
- Zipcode: 92404
- Provided by: Marcus & Millichap
- Contact: Oscar Oscar

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DescriptionWe are pleased to present 1479 N Lugo Avenue, a six unit apartment property located in the heart of San Bernardino, California. Positioned near the I 215 and I 210 Freeways, the property offers excellent connectivity to Downtown San Bernardino, regional job centers, and local amenities that continue to drive renter demand and long term investment stability. The property sits on a 7,750 square foot lot and features approximately 4,500 square feet of rentable living area. Each of the six units is a two bedroom, one bathroom layout averaging 750 square feet, providing residents with spacious interiors and functional designs that appeal to working professionals and small families seeking affordability and comfort. Priced at $196,583 per unit, 1479 N Lugo Avenue is positioned below the average price per unit of $219,450 for comparable properties currently on the market. This favorable pricing provides investors with an attractive entry point and measurable upside potential. The property currently generates $9,900 in monthly gross rent and offers additional upside through achievable rent increases and continued management optimization. Residents enjoy close proximity to Downtown San Bernardino, the Inland Center Mall, San Manuel Stadium, and Glen Helen Regional Park, along with convenient access to the Santa Ana River Trail, offering outdoor recreation just minutes from home. This blend of urban accessibility and nearby green space enhances both livability and long term tenant demand. With more than half of San Bernardino's households renter occupied, strong rental demand and below average homeownership rates continue to support multifamily stability across the region. 1479 N Lugo Avenue represents a well maintained, income producing investment that combines attractive in place performance, measurable upside, and a location that continues to benefit from the city's ongoing growth and revitalization.
Features
Building Area Total
- 4500.00
Country
- US
Levels
- Two
Netoperatingincome
- 70785.00
Parcel Number
- 0146172110000
Sourcesystemkey
- 25612527:CLAW
Totalexpenses
- 44451.00
Year Built
- 1972
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com










