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$14,200,000
Est. payment /mo
3 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID CV25115890
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
We are proud to present Mayfield Park Apartments, an 83-unit multifamily property strategically located in San Bernardino, California. Located at 345 W 41st Street, the property is strategically positioned within the high-demand Inland Empire market, offering investors direct access to a strong working-class demographic and significant rental upside potential. Situated between N Newmark Avenue and Lorraine Drive, the property benefits from excellent access to a wide array of amenities, transportation options, and its close proximity to Cal State University San Bernardino. This offering represents a unique chance to acquire a well-located asset with significant potential in an opportunity-rich Inland Empire submarket. Mayfield Park Apartments, constructed in 1968 and situated on a spacious 3.72-acre lot, is a well-maintained, two-story property encompassing 64,242 square feet. Recent capital improvements, including light interior renovations on turned-over units, position the property for significant value add through continued renovations. The community offers a desirable unit mix of one-bedroom/one-bathroom and two-bedroom/one-bathroom residences. Interior unit amenities include AC and heating, a combination of carpet and tile flooring, fully equipped kitchens, modernized bathrooms, ceiling fans, vertical blinds, and security screen doors. Residents can enjoy a range of exterior amenities, including a convenient laundry facility, a sparkling community pool, a welcoming courtyard, a BBQ pit with outdoor seating, well-maintained mature lush landscaping, and ample covered and
Location
State CA
County San Bernardino
Zoning Assessor
Direction Merge onto I-215 N toward San Bernardino/Barstow, Use the right lane to take exit 45 toward CA-210 E/Highland, Continue onto CA-
Interior
Cooling Wall/Window
Fireplace No
Exterior
Pool Below Ground, Community/Common
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 0271031800000
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Listed by Eric Chen CB RICHARD ELLIS