1699 Arrowhead AveSan Bernardino, CA 92405

This exceptional investment opportunity presents a 42-unit apartment building in San Bernardino, CA, boasting a compelling 4.00% cap rate and a strong net operating income (NOI) of $376,726. Priced at $7,200,000, this Class C multifamily property offers a price per square foot of $324.19 and a price per unit of $171,428.57. The 22,209 square foot complex comprises two, two-story buildings constructed in 1970 and sits on a parcel with two addresses (1699 N Arrowhead Ave and 1609 N Arrowhead Ave) and APN numbers. Currently operating at 90% occupancy, the property features a mix of unit types including three 2-bedroom/1-bathroom units, one studio, one large master suite unit, and thirty-seven 1-bedroom/1-bathroom units. On-site amenities include two laundry facilities. The property benefits from a convenient location minutes from freeways, shopping malls, and public transportation, with easy access to nearby mountain communities. Significant recent improvements include fresh paint, lush landscaping, and an ongoing parking lot renovation. The property is zoned for multi-family use and offers ample parking (50 spaces total). This property represents a compelling investment in affordable housing within a high-demand market. Seller financing is available.