$5,250,000
$6,500,000
19.2%For more information regarding the value of a property, please contact us for a free consultation.
0.94 Acres Lot
SOLD DATE : 05/07/2025
Key Details
Sold Price $5,250,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IG24104951
Sold Date 05/07/25
HOA Y/N No
Year Built 1970
Lot Size 0.940 Acres
Property Sub-Type Multi Family
Property Description
Presenting a rare opportunity for investors committed to affordable housing solutions: a straightforward yet promising complex in San Bernardino. Featuring 42 units tailored for low-income residents, this property prioritizes accessibility and affordability above all else.
Each unit offers practical living spaces with three 2-bedroom 1 bathroom units, 1 studio, 1 large master suite unit and thirty seven 1-bedroom 1 bathroom units providing essential accommodation for tenants. While this property offers two laundry facilities onsite, the simplicity of these units maximizes affordability for residents.
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Fence None
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Flat
Present Use Multi-Family
Total Parking Spaces 50
Building
Lot Description Lawn, Lot Over 40000 Sqft, Level, Sprinkler System, Street Level, Trees, Yard, Flat
Story 2
Water Public
Others
Tax ID 0146102250000
Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Joe Chavez KELLER WILLIAMS REALTY
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Broker Associate | Lic# 01905244