Skip to main content

Multifamily

1137 N Mayfield Ave

1137 N Mayfield Ave, San Bernardino, CA 92410

Listing Price: $1,215,000

Cap Rate
4.86%
Number of Units
9
Occupancy
100.0%
Price/Unit
$135,000

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire 1137 North Mayfield Avenue, a 9-unit multifamily investment property located in San Bernardino, California. Built in 1958, the property sits on a 0.16-acre lot and has a building size of approximately 2,944 square feet. The property is comprised of (9) Studio/one-bathroom units. The building features a fenced front lawn, spacious driveway, and nine tuck-under parking spaces. All units are master metered for gas and electricity. The apartment is conveniently located at the junction of Interstate 215, 10 and the Foothill 210 Freeways, and in close proximity to Downtown San Bernardino. With a very walkable score of 78, the property is surrounded by multiple restaurants, cafes, and grocery stores including El Super, Walgreens, and Stater Brothers Market. It is also minutes’ drive away from recreation centers such as the Seccombe Lake, Perris Hill Park, and the Arrowhead Country Club. Tenants also enjoy four bus stops just down the street on Base Line, one of the arterial connecting cities in the Inland Empire. The City of San Bernardino serves as one of the Inland Empire’s anchor cities that spans 81 square miles and has a population of over 213,000. Large distribution and fulfillment warehouse facilities for Amazon, Pep Boys, and Burlington have been developed near the San Bernardino International Airport. In addition, the Metrolink commuter rail service, available at the Santa Fe Train Station, provides transportation to commuters from the San Bernardino area to major centers of employment, such as Downtown Los Angeles, and Orange County.

Investment Highlights

  • Over 28% Rental Upside
  • $135,000 Per Unit Offer Price
  • Located in a Rapidly Growing and Highly Desirable Rental Market of the Inland Empire
  • Easy Access to Interstate 215 Freeway
  • Covered Parking
  • Master Metered Utilities
  • Population Over 360,000 Within a Five Mile Radius

Exclusively Listed By

Multifamily

1137 N Mayfield Ave

Listing Price: $1,215,000

Cap Rate
4.86%
Number of Units
9
Occupancy
100.0%
Price/Unit
$135,000

Investment Highlights

  • Over 28% Rental Upside
  • $135,000 Per Unit Offer Price
  • Located in a Rapidly Growing and Highly Desirable Rental Market of the Inland Empire
  • Easy Access to Interstate 215 Freeway
  • Covered Parking
  • Master Metered Utilities
  • Population Over 360,000 Within a Five Mile Radius

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire 1137 North Mayfield Avenue, a 9-unit multifamily investment property located in San Bernardino, California. Built in 1958, the property sits on a 0.16-acre lot and has a building size of approximately 2,944 square feet. The property is comprised of (9) Studio/one-bathroom units. The building features a fenced front lawn, spacious driveway, and nine tuck-under parking spaces. All units are master metered for gas and electricity. The apartment is conveniently located at the junction of Interstate 215, 10 and the Foothill 210 Freeways, and in close proximity to Downtown San Bernardino. With a very walkable score of 78, the property is surrounded by multiple restaurants, cafes, and grocery stores including El Super, Walgreens, and Stater Brothers Market. It is also minutes’ drive away from recreation centers such as the Seccombe Lake, Perris Hill Park, and the Arrowhead Country Club. Tenants also enjoy four bus stops just down the street on Base Line, one of the arterial connecting cities in the Inland Empire. The City of San Bernardino serves as one of the Inland Empire’s anchor cities that spans 81 square miles and has a population of over 213,000. Large distribution and fulfillment warehouse facilities for Amazon, Pep Boys, and Burlington have been developed near the San Bernardino International Airport. In addition, the Metrolink commuter rail service, available at the Santa Fe Train Station, provides transportation to commuters from the San Bernardino area to major centers of employment, such as Downtown Los Angeles, and Orange County.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower