Mountain View Apartments 1475 East Date Street
San Bernardino, CA 92404
For Sale
52,572 sqft
Sale Price
$11,500,000
Brochure
Property Website
Map
Multifamily For Sale
Mountain View Apartments | 67 Units in San Bernadino | 6.07% Cap Rate
Premium Asset: This stabilized 1985 asset combines high-quality construction with strong operational fundamentals, providing immediate cash flow and a turnkey investment opportunity with most units featuring modern renovations.
Prime Income-Producing Property: An exceptional 67-unit, income-producing investment boasting a strong 6.07% entry CAP rate with a clear path to a 7.34% pro forma yield, providing a rare opportunity for a new investor to capitalize on a 13% rental upside within the resilient Inland Empire market.
Well Maintained Property: Property is professionally managed and it’s maintained in superior condition than surrounding properties, with low vacancy rates and remodeled units as unit turned over.
Comprehensive Property Features: Interior amenities include central air-conditioning and heating, dishwashers, range ovens with range hoods, and walk-in closets, complemented by a gated community setting featuring a swimming pool, beautifully landscaped grounds, and on-site management.
Excellent Unit Mix: A balanced variety of spacious 1B/1B, 2B/1B, and 2B/2B floor plans, offering an impressive and generous average unit size of 776 square feet.
Desirable San Bernardino Community: Prime location in the Northeast Sterling neighborhood, situated minutes from Downtown, Yaamava’ Resort & Casino, St. Bernardine Medical Center, and less than seven miles from Cal State University San Bernardino.
Excellent Accessibility: Convenient access to the 210, 215, and 10 freeways, and located just nine minutes from the San Bernardino Metrolink station, providing seamless connections to the broader Inland Empire and Los Angeles.
Get in touch
Eric Chen
Lic: 01489184
Blake Torgerson
Lic: 01919955
Kevin Sin
Lic: 02020968
CBRE, Inc., as exclusive advisor, is pleased to present the prime investment opportunity to acquire Mountain View Apartments, located at 1475 E Date Street in San Bernardino, CA.
This offering represents a rare chance to secure a stabilized asset in the high-demand Inland Empire, boasting a strong 6.07% entry CAP rate with a clear path to a 7.34% pro forma yield through a captured 13% rental upside. Situated on a sprawling ±104,544 square foot lot with a total rentable area of ±52,572 square feet, the property offers a turnkey investment opportunity with most units featuring modern renovations that are highly attractive to contemporary renters.
The 67-unit asset is strategically positioned in the Northeast Sterling neighborhood, offering seamless connectivity via the State Route 210 freeway with immediate access to Interstates 215 and 10. This central location effectively links residents to major employment hubs throughout San Bernardino County and the Greater Los Angeles region. Mountain View Apartments features a diverse and balanced unit mix, including eighteen 1-bedroom/1-bathroom units, twenty-four 2-bedroom/1-bathroom units, and twenty-five 2-bedroom/2-bathroom units, with an generous average unit size of 776 square feet.
Built in 1985, the community is meticulously maintained and offers a robust amenity package designed for comfort and convenience. Interior features include central air conditioning and heating, dishwashers, disposals, range ovens with matching range hoods, and walk-in closets, while select units offer vaulted ceilings and private balconies or patios with scenic views. The gated, controlled-access community provides residents with premium amenities including a swimming pool and beautifully landscaped grounds. Further enhancing the tenant experience are practical features such as on-site laundry facilities, high-speed internet access, and dedicated on-site management.
The property’s location is a significant driver of value, situated less than nine minutes from the San Bernardino Metrolink station and just seven miles from California State University, San Bernardino. Residents benefit from being minutes away from Downtown San Bernardino, the Yaamava’ Resort & Casino, and major healthcare providers like Dignity Health - St. Bernardine Medical Center. Additionally, proximity to the San Bernardino International Airport and the San Bernardino National Forest offers a unique blend of urban accessibility and outdoor recreation.
This offering presents a rare opportunity to acquire a stabilized, income-producing asset in one of the nation’s most resilient rental markets. Whether for a 1031 exchange buyer, first time buyer, or a seasoned investor, this property provides long-term stability and significant growth potential underpinned by strong economic and demographic fundamentals.
This offering represents a rare chance to secure a stabilized asset in the high-demand Inland Empire, boasting a strong 6.07% entry CAP rate with a clear path to a 7.34% pro forma yield through a captured 13% rental upside. Situated on a sprawling ±104,544 square foot lot with a total rentable area of ±52,572 square feet, the property offers a turnkey investment opportunity with most units featuring modern renovations that are highly attractive to contemporary renters.
The 67-unit asset is strategically positioned in the Northeast Sterling neighborhood, offering seamless connectivity via the State Route 210 freeway with immediate access to Interstates 215 and 10. This central location effectively links residents to major employment hubs throughout San Bernardino County and the Greater Los Angeles region. Mountain View Apartments features a diverse and balanced unit mix, including eighteen 1-bedroom/1-bathroom units, twenty-four 2-bedroom/1-bathroom units, and twenty-five 2-bedroom/2-bathroom units, with an generous average unit size of 776 square feet.
Built in 1985, the community is meticulously maintained and offers a robust amenity package designed for comfort and convenience. Interior features include central air conditioning and heating, dishwashers, disposals, range ovens with matching range hoods, and walk-in closets, while select units offer vaulted ceilings and private balconies or patios with scenic views. The gated, controlled-access community provides residents with premium amenities including a swimming pool and beautifully landscaped grounds. Further enhancing the tenant experience are practical features such as on-site laundry facilities, high-speed internet access, and dedicated on-site management.
The property’s location is a significant driver of value, situated less than nine minutes from the San Bernardino Metrolink station and just seven miles from California State University, San Bernardino. Residents benefit from being minutes away from Downtown San Bernardino, the Yaamava’ Resort & Casino, and major healthcare providers like Dignity Health - St. Bernardine Medical Center. Additionally, proximity to the San Bernardino International Airport and the San Bernardino National Forest offers a unique blend of urban accessibility and outdoor recreation.
This offering presents a rare opportunity to acquire a stabilized, income-producing asset in one of the nation’s most resilient rental markets. Whether for a 1031 exchange buyer, first time buyer, or a seasoned investor, this property provides long-term stability and significant growth potential underpinned by strong economic and demographic fundamentals.
San Bernardino, California, nestled in the heart of the Inland Empire within San Bernardino County, boasts a rich history and a dynamic present. Situated at the base of the San Bernardino Mountains, and just east of the neighboring city of Rialto, San Bernardino has played a crucial role in the region’s development. From its origins as an ancestral Tongva and Serrano settlement to its transformation into a major logistical hub, San Bernardino has witnessed significant growth. The arrival of the Santa Fe Railroad in the late 19th century spurred this expansion, connecting the “Gate City” to the rest of the region and facilitating the transportation of citrus and people.
Today, San Bernardino is a bustling city with a diverse economy and a vibrant community. It serves as a major transportation hub with easy access to the I-10, I-215, and SR-210 freeways and San Bernardino International Airport, making it a key gateway to the Inland Empire. The city is also home to several popular local landmarks, including the original McDonald’s Site and Museum and the historic California Theatre of the Performing Arts, which draw visitors from all over the region. While precise annual visitor numbers can fluctuate, San Bernardino’s logistical prominence and central location contribute to a significant influx of business and leisure travelers each year. The city’s proximity to the mountains provides residents with opportunities for outdoor recreation, while its rich history is preserved in local architecture and landmarks.
San Bernardino’s economy is a diverse mix of industries, with a strong emphasis on logistics, government, and healthcare. Its strategic location near major transportation corridors has made it a premier hub for massive fulfillment centers, attracting global giants like Amazon, Kohl’s, and Mattel. The city also has a significant manufacturing presence, with companies producing everything from aerospace components to food products and construction materials. Compared to other Inland Empire cities, San Bernardino boasts a robust public sector and industrial base that serves as the “backbone” of the regional economy, contributing heavily to its long-term economic vitality.
In terms of housing, San Bernardino offers a mix of options, including single-family homes, historic bungalows, and multi-family apartments. While housing costs have risen in recent years, they generally remain more affordable than in neighboring Los Angeles or Orange Counties. This affordability, coupled with the city’s vast job opportunities in the distribution and medical sectors, attracts a diverse range of renters. You’ll find everyone from students and young families to healthcare professionals and industrial workforce members calling San Bernardino home. The city’s ongoing investment in the downtown core and transit-oriented developments suggest that its economy and housing market will continue to thrive.
San Bernardino offers a variety of recreational and entertainment options for residents and visitors alike. The city boasts numerous parks and facilities, such as Seccombe Lake Park and Wildwood Park, providing opportunities for sports, picnicking, and community gatherings. The nearby San Bernardino Mountains offer additional recreational opportunities, including hiking trails, camping, and snow sports just a short drive away. For entertainment, San Bernardino is home to the Glen Helen Amphitheater and the San Manuel Stadium, while the National Orange Show Event Center remains a popular venue for festivals and motorsports enthusiasts. The city also hosts annual community events and seasonal festivals, fostering a sense of local pride and offering entertainment for all ages. While San Bernardino is known for its sprawling residential areas, it offers a selection of local restaurants, craft breweries, and the hospitality of the Hospitality Lane district, ensuring there are plenty of options for shopping and dining out. The proximity to other Inland Empire cities further expands the range of nightlife and cultural entertainment options available within a short drive.
Today, San Bernardino is a bustling city with a diverse economy and a vibrant community. It serves as a major transportation hub with easy access to the I-10, I-215, and SR-210 freeways and San Bernardino International Airport, making it a key gateway to the Inland Empire. The city is also home to several popular local landmarks, including the original McDonald’s Site and Museum and the historic California Theatre of the Performing Arts, which draw visitors from all over the region. While precise annual visitor numbers can fluctuate, San Bernardino’s logistical prominence and central location contribute to a significant influx of business and leisure travelers each year. The city’s proximity to the mountains provides residents with opportunities for outdoor recreation, while its rich history is preserved in local architecture and landmarks.
San Bernardino’s economy is a diverse mix of industries, with a strong emphasis on logistics, government, and healthcare. Its strategic location near major transportation corridors has made it a premier hub for massive fulfillment centers, attracting global giants like Amazon, Kohl’s, and Mattel. The city also has a significant manufacturing presence, with companies producing everything from aerospace components to food products and construction materials. Compared to other Inland Empire cities, San Bernardino boasts a robust public sector and industrial base that serves as the “backbone” of the regional economy, contributing heavily to its long-term economic vitality.
In terms of housing, San Bernardino offers a mix of options, including single-family homes, historic bungalows, and multi-family apartments. While housing costs have risen in recent years, they generally remain more affordable than in neighboring Los Angeles or Orange Counties. This affordability, coupled with the city’s vast job opportunities in the distribution and medical sectors, attracts a diverse range of renters. You’ll find everyone from students and young families to healthcare professionals and industrial workforce members calling San Bernardino home. The city’s ongoing investment in the downtown core and transit-oriented developments suggest that its economy and housing market will continue to thrive.
San Bernardino offers a variety of recreational and entertainment options for residents and visitors alike. The city boasts numerous parks and facilities, such as Seccombe Lake Park and Wildwood Park, providing opportunities for sports, picnicking, and community gatherings. The nearby San Bernardino Mountains offer additional recreational opportunities, including hiking trails, camping, and snow sports just a short drive away. For entertainment, San Bernardino is home to the Glen Helen Amphitheater and the San Manuel Stadium, while the National Orange Show Event Center remains a popular venue for festivals and motorsports enthusiasts. The city also hosts annual community events and seasonal festivals, fostering a sense of local pride and offering entertainment for all ages. While San Bernardino is known for its sprawling residential areas, it offers a selection of local restaurants, craft breweries, and the hospitality of the Hospitality Lane district, ensuring there are plenty of options for shopping and dining out. The proximity to other Inland Empire cities further expands the range of nightlife and cultural entertainment options available within a short drive.
Total Space Available
52,572 sqft
Sale Price
$11,500,000
Amenity
Yaamava' Resort Casino
Amenitity
3 miles
6 min.
/drive
Place
Cal State University San Bernardino
University
3.2 miles
6 min.
Perris HIll Park
City Park
1.2 miles
5 min.
/drive
Airport
Ontario International Airport
22.7 miles
35 min.
/drive
San Bernardino Airport
3.2 miles
8 min.
/drive
CommuterRail
Metrolink San Bernardino Station
5.7 miles
10 min.
/drive
Highway
210 Freeway
0.4 miles
1 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Blake Torgerson
Lic: 01919955
Kevin Sin
Lic: 02020968