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345 41st Street, San Bernardino, CA 92407
Priced at Only: $14,200,000
For more Information Call Mobile: 714.478.6676
Address: 345 41st Street, San Bernardino, CA 92407
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  • MLS#: CV25115890 ( Apartment )
  • Street Address: 345 41st Street
  • Viewed: 1
  • Price: $14,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1968
  • Bldg sqft: 0
  • Days On Market: 2
  • Additional Information
  • County: SAN BERNARDINO
  • City: San Bernardino
  • Zipcode: 92407
  • Provided by: CB RICHARD ELLIS
  • Contact: Eric Eric
  • California Regional MLS IDX
  • DMCA Notice
  • 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 surface parking. The property offers convenient access to the 210, 215, 91, 60 and 10 freeways. Neighboring cities include Riverside, Highland, Colton, Redlands, Yucaipa, and Loma Linda. Significant local landmarks within a 20 mile radius include: San Bernardino International Airport, Cal State University San Bernardino, Inland Center Mall, Loma Linda University Medical Center, Yaamava Resort & Casino, San Bernardino County Museum and University of Redlands to name a few. Offering immediate income and substantial growth potential, Mayfield Park Apartments in San Bernardino presents a compelling investment opportunity. Whether youre a first time buyer entering the market, a seasoned investor expanding your portfolio, or executing a 1031 Exchange, this property provides exceptional stability and long term value in a high demand market.
Features
Building Area Total
  1. 62242.00
Carport Spaces
  1. 72.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Electric Expense
  1. 10175.00
Fuel Expense
  1. 1938.00
Garage Spaces
  1. 0.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 73332.00
Laundry Features
  1. Common Area
Laundry Income
  1. 7895.00
Levels
  1. Two
Lot Features
  1. Lot Over 40000 Sqft
  2. Rectangular Lot
Netoperatingincome
  1. 823309.00
Newtaxesexpense
  1. 176348.00
Number Of Buildings
  1. 11
Number Of Separate Electric Meters
  1. 83
Number Of Separate Gas Meters
  1. 83
Otherexpense
  1. 16600.00
Otherexpensedescription
  1. Reserves
Otherincome1
  1. 17657.00
Parcel Number
  1. 0271031800000
Pest Control Expense
  1. 9000.00
Pool Expense
  1. 3500.00
Pool Features
  1. Community
  2. In Ground
Professionalmanagementexpense
  1. 99574.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 439373686:CRM
Spa Features
  1. None
Suppliesexpense
  1. 20596.00
Totalactualrent
  1. 1426668.00
Totalexpenses
  1. 585344.00
Trash Expense
  1. 23990.00
Uncovered Spaces
  1. 70.00
Vacancyallowance
  1. 43567
Water Sewer Expense
  1. 48651.00
Water Source
  1. Public
Year Built
  1. 1968
Year Built Source
  1. Assessor
Zoning
  1. RM
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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