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1699 N Arrowhead Avenue, San Bernardino, CA 92405

Commercial property

1699 N Arrowhead Avenue, San Bernardino, CA 92405 Sold May 2025 CRMLS
$5,250,000Sold May 2025

Listing Agent: Susanne Hove (DRE #01337422) · Listing Office: Keller Williams Realty Riv · Contact: 951-255-7344 · Bought with: Joe Chavez · KELLER WILLIAMS REALTY · MLS #IG24104951 · Source: CRMLS

22,209
Building Sq Ft
42
Units
4.00%
Cap Rate
$376,726
NOI
40,950 sqft
Lot Size
1970
Year Built
Commercial property
Type

About this commercial property

Presenting a rare opportunity for investors committed to affordable housing solutions: a straightforward yet promising complex in San Bernardino. Featuring 42 units tailored for low-income residents, this property prioritizes accessibility and affordability above all else. Each unit offers practical living spaces with three 2-bedroom 1 bathroom units, 1 studio, 1 large master suite unit and thirty seven 1-bedroom 1 bathroom units providing essential accommodation for tenants. While this property offers two laundry facilities onsite, the simplicity of these units maximizes affordability for residents.

Listing description from the May 2025 sale, as reported to CRMLS.

Sale history

$5,250,000
Sold May 2025 · listed $6,500,000, orig. $7,800,000, on market June 2024 · MLS #IG24104951 · Source: CRMLS
Listing Agent: Susanne Hove · Listing Office: Keller Williams Realty Riv · Contact: 951-255-7344 · Bought with: Joe Chavez · KELLER WILLIAMS REALTY
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