141 E 42nd StreetSan Bernardino, CA 92404
San Bernardino County
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 Information
- Property type
- Residential Income
- Year built
- 1976
- Stories
- 2
- Living area
- 12,502 Sq Ft
- Lot size
- 0.53 acres
- Parking spaces
- 23
- Days on market
- 228
- MLS® Listing#
- 26671979
Property Features
Financial Details
- HOA
- None
- Parcel number
- 0154242190000
Directions
From the 210 Freeway, exit Waterman Ave and head north. Turn left on E 40th Street. Turn right on 42nd Street. Property is located at 141 E 42nd Street on the right.
Listing Courtesy: Marcus & Millichap - 3109095500
Presented by: Oscar Diaz
Licensed in the state of California.
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