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Under contract
  • Listing Provided by: 

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    $14,200,000

    345 W 41st St, San Bernardino, CA 92407

    124beds
    83baths
    62,242sqft
    : 
    Multi Family
    Built in 1968
    -- sqft lot
    $-- Zestimate®
    $228/sqft
    $-- HOA

    What's special

    Welcoming courtyardFully equipped kitchensModernized bathroomsWell-maintained mature lush landscapingSparkling community poolSecurity screen doorsLight interior renovations
    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 you’re 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.
    90 days
    on Zillow
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    Zillow last checked: 7 hours ago

    Listing updated: July 09, 2025 at 11:40am

    Listing Provided by:

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Source: CRMLS,MLS#: CV25115890MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 124
    • Bathrooms: 83
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 62,242
    • Total interior livable area: 62,242 sqft

    Property

    Parking
    • Total spaces: 142
    • Uncovered spaces: 70
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: Community, In Ground
    • Spa features: None
    Lot
    • Size: 3.72 Acres
    • Features: Lot Over 40000 Sqft, Rectangular Lot
    Details
    • Parcel number: 0271031800000
    • Zoning: RM
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1968

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Sidewalks, Pool
    Location
    • Region: San Bernardino

    Financial & listing details

    • Price per square foot: $228/sqft
    • Date on market: 5/23/2025
    • Listing terms: Cash,Cash to New Loan
    • Total actual rent: 1426668
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