Residential Income - 141 E 42nd Street, San Bernardino, CA

$3,795,000

141 E 42nd Street, San Bernardino, CA

141 E 42nd Street, San Bernardino, CA 92404 - $3,795,000 · Multi-Family Home for Sale, photo 3

141 E 42nd Street, San Bernardino, CA 92404 - $3,795,000 · Multi-Family Home for Sale, photo 4

141 E 42nd Street, San Bernardino, CA 92404 - $3,795,000 · Multi-Family Home for Sale, photo 5

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Description

A 20-unit multifamily property in North San Bernardino offered at a 6.02% cap rate and 10.77 GRM with immediate upside available in rents. Built in 1976, the property sits on a 22,950 square foot lot with 12,502 rentable square feet and a unit mix of 12 one-bedroom and 8 two-bedroom units. The building has seen meaningful capital improvements in recent years including new windows, a resurfaced parking lot, fresh paint, and a roof replacement. On-site laundry and secured gated parking with 23 spaces. Strong renter demand in the area supports consistent occupancy. The location offers convenient access to the 215 and 10 freeways with nearby retail and major Inland Empire employment centers.

Property details

Square feet

12,502

Year built

1976

Property type

Residential Income

Lot size

22,950 sqft

Location

141 E 42nd Street • San Bernardino, CA 92404

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Listed by

Oscar Diaz · Marcus & Millichap

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Closed sales reported in 92404, nearest first, last 12 months. All recent sales in San Bernardino →