1699 North Arrowhead Avenue

San Bernardino, CA 92405

$7,200,000
Price
—
Beds
22,209 Sq. Ft.
$324 / Sq. Ft.
22,209
Sq. Ft.
$324
per Sq. Ft.

Description

Presenting a rare opportunity for investors committed to affordable housing solutions: a straightforward yet promising complex in San Bernardino. Featuring 42 units tailored for low-income residents, this property prioritizes accessibility and affordability above all else. Each unit offers practical living spaces with three 2-bedroom 1 bathroom units, 1 studio, 1 large master suite unit and thirty seven 1-bedroom 1 bathroom units providing essential accommodation for tenants. While this property...Presenting a rare opportunity for investors committed to affordable housing solutions: a straightforward yet promising complex in San Bernardino. Featuring 42 units tailored for low-income residents, this property prioritizes accessibility and affordability above all else. Each unit offers practical living spaces with three 2-bedroom 1 bathroom units, 1 studio, 1 large master suite unit and thirty seven 1-bedroom 1 bathroom units providing essential accommodation for tenants. While this property offers two laundry facilities onsite, the simplicity of these units maximizes affordability for residents.
  1. Listed by Susanne Hove • DRE #01337422 • Brokerage DRE #01861149 • Keller Williams Realty Riv • 951-255-7344
  2. Listed by KATELYNN BROPHY • DRE #02222603 • Brokerage DRE #01861149 • KELLER WILLIAMS RIVERSIDE CENT

Property Details for 1699 North Arrowhead Avenue

Parking Spaces Total
50
Total Units
42.0
Business Type
Multi-Tenant
Lot Size Source
Assessor
Building Area Total
22209
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
LISTING UPDATED: 08/29/2024 05:12 AM

Property Details for 1699 North Arrowhead Avenue

StatusActive
MLS #IG24104951
Days on Market169
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1970
Lot Size0.94 AC / 40,950 SF
CountySan Bernardino County

Building Information for 1699 North Arrowhead Avenue

Stories2Residences-Year Built1970Building Size-Lot Size0.94 AC / 40,950 SF

Property Information for 1699 North Arrowhead Avenue

Income / Expense / Tax Details
Income Details
  • Net Operating Income: $376,726
  • Cap Rate: 4.0
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • Roof: Flat
  • Fence: No
  • Fencing: None
Land/Lot Info
  • Sign on Property: Yes
  • Additional Parcels Description: 0146102260000
  • Lot Features: Lawn, Level with Street, Lot Over 40000 Sqft, Level, Sprinkler System, Treed Lot, Yard
  • Current Use: Multi-Family
  • Land Use: Multi-Family
  • Lease Considered: No
  • Land Lease: No
  • Sprinklers: Yes
  • Topography: Flat
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Property / Structure Info
  • Building Name: Arrowview Apartments
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,100
  • Unit Type Type: 1
  • Unit Type Description: Studio Unit
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,600
  • Unit Type Type: 2
  • Unit Type Description: Master Suite
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,700
  • Unit Type Type: 3
  • Unit Type Description: 2-Bedroom Unit
Unit 4
  • Unit Type Units Total: 37
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,400
  • Unit Type Type: 4
  • Unit Type Description: 1-Bedroom Unit
Unit Information
  • Number Of Units Leased: 37
  • Number Of Buildings: 2

Property History for 1699 North Arrowhead Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1699 North Arrowhead Avenue

Taxable ValueLand$76,850Additions$461,098Total$537,948
Tax Record2024$6,859 ($572 / month)
Home Facts
Total Finished SqFt10,800 SqFtAbove Grade Finished SqFt10,800 SqFtLot Size20,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1970CountySAN BERNARDINOAPN0146-102-25-0000

Schools near 1699 North Arrowhead Avenue

This home is within San Bernardino City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 6

Arrowview Middle School
Public6 to 8

San Bernardino High School
Public9 to 12

Sierra High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1699 North Arrowhead Avenue is a multi-family home for sale in San Bernardino, CA 92405. This property was listed for sale on June 1, 2024 by Keller Williams Realty Riv, it's currently listed at $7,200,000. This listing's school district is San Bernardino City Unified School District. Nearby schools include Lincoln Elementary School, Arrowview Middle School and San Bernardino High School. 1699 North Arrowhead Avenue is a 0-bed, 0-bath, 22,209 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Riv, Susanne Hove, DRE #01337422; KELLER WILLIAMS RIVERSIDE CENT, KATELYNN BROPHY, DRE #02222603

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.