Listing Broker: CB RICHARD ELLIS
Listing Agent: Eric Chen
DRE #01954054: 01489184
626-757-5717
Pinecrest Apartments presents a prime opportunity to acquire a 57-unit community located at 1683 Pumalo Street in San Bernardino, California.
Situated on a sprawling +/-101,200 square foot lot with a total building area of +/-52,070 square feet, the property reflects meaningful capital improvements, with approximately 47% of units having undergone a full renovation featuring modern wood-style flooring, designer countertops, updated interior paint, contemporary fixtures, and newer style appliances.
The 57-unit community 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 links San Bernardino County and the Greater Los Angeles region. Pinecrest features a unit mix of one 1-bedroom/1-bathroom and fifty-six 2-bedroom/2-bathroom floor plans, 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 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, and Amazon’s regional fulfillment operations.
The location is less than nine minutes from the San Bernardino Metrolink station, with direct service to Los Angeles Union Station, and just seven miles from ...
+ Read More| Listing Id: | CV26221609 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Tax Annual Amount: | $43,730 |
| Lot Size Acres: | 2.3232 |
| Waterfront?: | No |
| Year Built: | 1985 |
| Basement Yn: | No |
| Building Area Units: | SquareFeet |
| Common Walls: | TwoCommonWallsOrMore |
| Cooling: | WallWindowUnits |
| Electric Expense: | $6,309 |
| Entry Level: | 1 |
| Fireplace Features: | None |
| Fuel Expense: | 6309.0 |
| Garage?: | Yes |
| Gross Scheduled Income: | $1,090,355 |
| Heating: | WallFurnace |
| Levels: | Two |
| Listing Contract Date: | 2026-10-12 |
| Lot Features: | ThirtySixToFortyUnitsAcre |
| Lot Size Area: | 101200.0 |
| Lot Size Source: | Assessor |
| Maintenance Expense: | $42,750 |
| Net Operating Income: | $618,881 |
| New Taxes Expense: | $134,282 |
| Number Of Separate Electric Meters: | 57 |
| Number Of Separate Water Meters: | 1 |
| Parking Features: | Carport |
| Pest Control Expense: | $2,990 |
| Pool Expense: | $3,628 |
| Property Attached?: | Yes |
| Spa Features: | None |
| State Or Province: | CA |
| Stories: | 2 |
| Tenant Pays: | Electricity, Gas |
| Trash Expense: | $15,618 |
| View: | Mountains |
| Water Source: | Public |
| Property Sub Type Additional: | Apartment |
| Country Subdivision: | 06071 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06071:0150441020000 |
| List Price: | $10,800,000 |
|---|---|
| Property Sub Type: | Apartment |
| Association Fee: | $0 |
| Lot Size Square Feet: | 101,200.0 |
| City: | San Bernardino |
| County Or Parish: | San Bernardino |
| Postal Code: | 92404 |
| Number Of Units Total: | 57 |
| Building Area Total: | 52070.0 |
| Cable TV Expense: | 2309.0 |
| Carport?: | Yes |
| Common Interest: | CommunityApartment |
| Community Features: | Curbs, Sidewalks, Pool |
| Cooling?: | Yes |
| Directions: | Merge onto I-10 E, take exit 58A onto I-15 N/Ontario Fwy toward Barstow/Las Vegas, take exit 115A onto CA-210 E toward San Bernardino, take exit 78 for Del Rosa Ave, turn right onto Del Rosa Ave N, then turn left onto Pumalo St |
| Elevation Units: | Feet |
| Entry Location: | 1 |
| Garage Spaces: | 57.0 |
| Gardener Expense: | $11,662 |
| Gross Income: | $1,090,355 |
| Heating?: | Yes |
| Insurance Expense: | $43,930 |
| Laundry Features: | CommonArea |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, CashToNewLoan |
| Lot Size Acres: | 2.3232 |
| Lot Size Units: | SquareFeet |
| MLS Area Major: | 274 - San Bernardino |
| Number Of Buildings: | 9 |
| Number Of Separate Gas Meters: | 57 |
| Open Parking Spaces: | 14.0 |
| Operating Expense: | $416,956 |
| Original List Price: | $10,800,000 |
| Other Expense: | $11,400 |
| Parcel Number: | 0150441020000 |
| Parking Total: | 71 |
| Pool Features: | Community |
| Postal City: | SAN BERNARDINO |
| Professional Management Expense: | $77,687 |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| Stories Total: | 2 |
| Supplies Expense: | $12,590 |
| Vacancy Allowance: | 54518 |
| View?: | Yes |
| Water Sewer Expense: | $45,941 |
| Year Built Source: | Assessor |
| Current Price: | $10,800,000.00 |
| Record Signature: | -1,409,284,100 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 13, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
California Regional Multiple Listing Service, Inc. data last updated on October 13, 2026 01:34 AM - PT
Property Last Updated: October 13, 2026 01:34 AM - PT
