Mountain View Apartments — Sale in San Bernardino, CA

  • Price: $11.5M
  • Listing type: For sale
  • Asset type: Business
  • Location: San Bernardino, CA 92404

Description

Mountain View Apartments | 67 Units in San Bernadino | 6.07% Cap Rate ​​​​​​​​​​​​​​CBRE, Inc., as exclusive advisor, is pleased to present the prime investment opportunity to acquire Mountain View Apartments, located at 1475 E Date Street in San Bernardino, CA. This offering represents a rare chance to secure a stabilized asset in the high-demand Inland Empire, boasting a strong 6.07% entry CAP rate with a clear path to a 7.34% pro forma yield through a captured 13% rental upside. Situated on a sprawling ±104,544 square foot lot with a total rentable area of ±52,572 square feet, the property offers a turnkey investment opportunity with most units featuring modern renovations that are highly attractive to contemporary renters. The 67-unit asset is strategically positioned in the Northeast Sterling neighborhood, offering seamless connectivity via the State Route 210 freeway with immediate access to Interstates 215 and 10. This central location effectively links residents to major employment hubs throughout San Bernardino County and the Greater Los Angeles region. Mountain View Apartments features a diverse and balanced unit mix, including eighteen 1-bedroom/1-bathroom units, twenty-four 2-bedroom/1-bathroom units, and twenty-five 2-bedroom/2-bathroom units, with an generous average unit size of 776 square feet. Built in 1985, the community is meticulously maintained and offers a robust amenity package designed for comfort and convenience. Interior features include central air conditioning and heating, dishwashers, disposals, range ovens with matching range hoods, and walk-in closets, while select units offer vaulted ceilings and private balconies or patios with scenic views. The gated, controlled-access community provides residents with premium amenities including a swimming pool and beautifully landscaped grounds. Further enhancing the tenant experience are practical features such as on-site laundry facilities, high-speed internet access, and dedicated on-site

Market Context

This commercial property in San Bernardino, CA is listed for sale at $11,500,000. It has been on the market for 13 days. Compare it against other commercial property listings for sale in San Bernardino, CA — view the full market.

Contact

Explore this market

Similar Business for Sale in San Bernardino, CA