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1137-1139 N Mayfield Ave 9 Unit Apartment Building $1,350,000 ($150,000/Unit) San Bernardino, CA 92410
Investment Highlights
- 9 Total Units
- 0.16 Acres
- 100% Occupied
- Great Rental Market
Executive Summary
MAYFIELD AVE APARTMENTS is a well-maintained 9-unit multifamily investment opportunity located at 1137 N Mayfield Ave in San Bernardino, California. Built in 1958, the property consists of nine studio apartments within one building on an approximately 7,124-square-foot lot.
The property is currently 100% occupied, providing immediate and consistent income with a reported NOI of $89,405 and a 6.62% cap rate. Recent infrastructure upgrades and effective management further support the property’s stable operating performance.
Conveniently located near San Bernardino International Airport, major freeways, and San Bernardino County transit routes, Mayfield Ave Apartments benefits from strong accessibility and continued rental demand. This all-age community offers investors a stabilized, income-producing asset in an established Inland Empire rental market.
The property is currently 100% occupied, providing immediate and consistent income with a reported NOI of $89,405 and a 6.62% cap rate. Recent infrastructure upgrades and effective management further support the property’s stable operating performance.
Conveniently located near San Bernardino International Airport, major freeways, and San Bernardino County transit routes, Mayfield Ave Apartments benefits from strong accessibility and continued rental demand. This all-age community offers investors a stabilized, income-producing asset in an established Inland Empire rental market.
Property Facts
| Price | $1,350,000 | Lot Size | 0.16 AC |
| Price Per Unit | $150,000 | Building Size | 2,944 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 3.06/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R1, San Bernardino - Residential | ||
| Price | $1,350,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,944 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 3.06/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R1, San Bernardino - Residential |
Amenities
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0140-064-17 | Improvements Assessment | $1,002,842 |
| Land Assessment | $79,591 | Total Assessment | $1,082,433 |
Property Taxes
Parcel Number
0140-064-17
Land Assessment
$79,591
Improvements Assessment
$1,002,842
Total Assessment
$1,082,433
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