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$3,795,000

141 E 42nd Street

San Bernardino, CA 92404

Active

Beds

12,502

Sq. Ft.

1976

Year Built

San Bernardino

County

ResidentialIncome

Property Type

About this home

A 20-unit multifamily property in North San Bernardino offered at a 6.02% cap rate and 10.77 GRM with immediate upside available in rents. Built in 1976, the property sits on a 22,950 square foot lot with 12,502 rentable square feet and a unit mix of 12 one-bedroom and 8 two-bedroom units. The building has seen meaningful capital improvements in recent years including new windows, a resurfaced parking lot, fresh paint, and a roof replacement. On-site laundry and secured gated parking with 23 spaces. Strong renter demand in the area supports consistent occupancy. The location offers convenient access to the 215 and 10 freeways with nearby retail and major Inland Empire employment centers.

Listed by Oscar Diaz · DRE #02022902 · Marcus & Millichap

MLS #1156418394

ListedMar 31, 2026

Property Details

Architecture

Stories2

StyleN/A

Total Units20

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking Total23

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.53 ac

Lot FeaturesN/A

ViewN/A

DirectionsFrom the 210 Freeway, exit Waterman Ave and head north. Turn left on E 40th Street. Turn right on 42nd Street. Property is located at 141 E 42nd Street on the right.

Community

Area274 - San Bernardino

School DistrictN/A

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$20,199/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 4:45 PM

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