20-Unit Multifamily Apartment
141 East 42nd Street San Bernardino, CA 92404
141 East 42nd Street, San Bernardino, CA, 92404
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For Sale
Contact for pricing
Built in 1976, this 20-unit apartment building includes secured parking and onsite laundry.
Property Size12,502 SF
Lot Size0.53 Acres
Price / SF$303.55
Days on Market44
Property Features for 141 East 42nd Street
General Information
- Standard status
- Active
- Size
- 12,502 SF
- Lot size
- 0.53 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1976
Listing agency
Marcus & Millichap - Inland Empire
Listed by
Sebastian Diaz · License #02109872
Source
Crexi
Added: Jun 10 Updated: Jul 22 at 10:35PM Checked: Jul 22 at 10:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Inland Empire
Investment Insights
Based on property information with market context.
141 E 42nd Street is a 20-unit apartment building built in 1976, offering 12 one-bedroom, one-bath units and eight two-bedroom, one-bath units. The property includes gated secured parking with nineteen carport spaces plus four open spaces, and onsite laundry generating additional annual income. Several improvements are in place, including repiping completed in July 2020 using PEX and copper, window replacements completed in December 2023, exterior paint completed in 2022, parking lot resurfacing completed in 2023, and a foam roof installed in May 2016 with a ten-year warranty and an additional ten-year extension available upon recoat.
The building is located north of the 210 Freeway in San Bernardino’s north side residential corridor. San Bernardino International Airport is roughly four miles to the southeast, and Arrowhead Regional Medical Center is within five miles.
For income context, current gross rents are reported at $355,380 annually, with rents described as not having been raised in over a year. The property’s unit mix and operational components, including parking and onsite laundry, support the reported current and projected income figures provided in the offering materials.
The building is located north of the 210 Freeway in San Bernardino’s north side residential corridor. San Bernardino International Airport is roughly four miles to the southeast, and Arrowhead Regional Medical Center is within five miles.
For income context, current gross rents are reported at $355,380 annually, with rents described as not having been raised in over a year. The property’s unit mix and operational components, including parking and onsite laundry, support the reported current and projected income figures provided in the offering materials.
Key Highlights
- 20‑unit apartment building built in 1976 with 12,502 rentable SF on a 22,950 SF lot
- Unit mix: twelve 1‑bedroom/1‑bath and eight 2‑bedroom/1‑bath apartments
- Current gross rents: $355,380/yr; market rents $428,880/yr (20.7% increase in gross income)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $307.5k | $24.60 |
| − Vacancy | −$16.0k | −$1.28 |
| EGI | $291.6k | $23.32 |
| − OpEx | −$131.2k | −$10.49 |
| NOI | $160.4k | $12.83 |
12,502 SF · lease $24.60/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.29M
$2.00M – $2.67M
NOI $160,356 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.77M
$3.29M – $4.39M
NOI $263,562 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Algiers Apartments
Apartment Building
R & E PARTY ...
Party Supply Store
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FAQs
What type of property is this?
Apartment building - Built in 1976, this 20-unit apartment building includes secured parking and onsite laundry.
Where is this apartment building located?
The property is located at 141 East 42nd Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: 20‑unit apartment building built in 1976 with 12,502 rentable SF on a 22,950 SF lot; Unit mix: twelve 1‑bedroom/1‑bath and eight 2‑bedroom/1‑bath apartments; Current gross rents: $355,380/yr; market rents $428,880/yr (20.7% increase in gross income)
