Located in the heart of the Inland Empire, San Bernardino offers a range of opportunities for investors seeking a dynamic market with potential for growth. The city boasts a strategic location, situated at the intersection of major freeways, including the I-10 and I-215, providing convenient access to the wider Southern California region. Additionally, the city is surrounded by picturesque mountain ranges, including the San Bernardino National Forest, providing ample opportunities for outdoor activities and recreation. Learn more about San Bernardino below!
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Demographics
San Bernardino is a diverse and growing city that presents a variety of opportunities for multi-family home investors. With a demographic mix that includes young professionals, families, and retirees, property owners can expect a consistent demand for rental units in this vibrant inland community.
The population of San Bernardino, California was 222,068 as of 2020.
According to the U.S. Census Bureau, some recent statistics for San Bernardino include:
- 62.2% of the population is aged 18-64 years
- 28.4% of the population is under 18 years
- The median household income between 2017-2021 was $55,372
Housing Statistics
Some recent housing data from the U.S. Census Bureau indicates that:
- There were 61,680 households with 3.41 persons per household in 2017-2021
- The owner-occupied housing unit rate in 2017-2021 was 48.8%
- The median gross rent for 2017-2021 was $1,195.
Top Employers
One of the largest employers in the area is California State University, San Bernardino, a renowned institution that employs a significant number of faculty, staff, and administrators. Another major employer in San Bernardino is the County of San Bernardino, which offers a wide range of public administration services, including healthcare, public safety, and transportation. Additionally, the healthcare sector plays a significant role in the local economy, with hospitals such as Dignity Health Community Hospital.
Transportation
San Bernardino is well-connected through major highways, including I-10 and I-215, providing easy access to neighboring cities and beyond. Additionally, the city is served by the San Bernardino Transit Center, which acts as a hub for various public transportation options. The Omnitrans bus system operates throughout the region, offering convenient routes and connections within San Bernardino and to other nearby cities. Commuters also have access to Metrolink, a regional commuter rail system that provides connections to Los Angeles, Orange County, and other destinations in Southern California.
Shopping and Dining
San Bernardino offers a variety of shopping destinations that cater to a range of tastes and preferences. The Inland Center Mall features a wide selection of popular retail stores, boutiques, and dining options, providing visitors with a convenient and enjoyable shopping experience. In addition to the mall, the downtown area of San Bernardino is home to unique local shops, antique stores, and local eateries, where residents can find one-of-a-kind items and support local businesses. From family-friendly restaurants to trendy cafes and upscale dining establishments, San Bernardino caters to a wide range of palates and preferences.
Things to Do
San Bernardino offers a variety of attractions and recreational opportunities that enhance the quality of life for residents. One prominent point of interest is the San Bernardino National Forest, which offers residents and outdoor enthusiasts opportunities for hiking, camping, and exploring picturesque landscapes and scenic trails. The city's diverse attractions and recreational offerings contribute to a well-rounded community, making San Bernardino an attractive destination for individuals seeking a blend of cultural, historic, and outdoor experiences.
Major Attractions in San Bernardino:
- San Bernardino National Forest
- San Manuel Stadium
- Glen Helen Regional Park
- Original McDonald's Site and Museum
- San Bernardino History and Railroad Museum
- Rim of the World Scenic Byway
- Arrowhead Landmark
Invest in Multi-Family Real Estate in San Bernardino with the Bridge Multifamily Team at Cushman & Wakefield
Thinking of purchasing multi-family units and investment properties in San Bernardino, California? Connect with the Bridge Multifamily Team at Cushman & Wakefield to get started on your multi-family property search today. Reach out to us online or give our office a call at 949-372-4888!
