1683 Pumalo Street, San Bernardino, CA 92404

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List Price
$10,800,000
Status
ACTIVE
MLS#
CV26221609
Year Built
1985
Lot Size
101,200
Acres
2.32
Lot Location
36-40 Units/Acre
Days on Market
1
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

Pinecrest Apartments presents a prime opportunity to acquire a 57-unit community located at 1683 Pumalo Street in San Bernardino, California. Situated on a sprawling +/-101,200 square foot lot with a total building area of +/-52,070 square feet, the property reflects meaningful capital improvements, with approximately 47% of units having undergone a full renovation featuring modern wood-style flooring, designer countertops, updated interior paint, contemporary fixtures, and newer style appliances. The 57-unit community spans nine buildings 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 links San Bernardino County and the Greater Los Angeles region. Pinecrest features a unit mix of one 1-bedroom/1-bathroom and fifty-six 2-bedroom/2-bathroom floor plans, with a generous average unit size of +/-914 square feet. Built in 1985, the community is meticulously maintained and offers a well-appointed amenity package designed for comfort and convenience. Interior features include central air and heating, newer style appliances, and large outdoor patios in select units. The community provides a sparkling swimming pool, a new onsite laundry facility, and assigned parking on attractively landscaped grounds. San Bernardino’s resilient economy is anchored by major employers including the County of San Bernardino, Dignity Health, the San Bernardino City Unified School District, Stater Bros. Markets, and Amazon’s regional fulfillment operations. The location is less than nine minutes from the San Bernardino Metrolink station, with direct service to Los Angeles Union Station, and just seven miles from California State University, San Bernardino. Nearby points of interest include Downtown San Bernardino, the Yaamava’ Resort and Casino, Dignity Health - St. Bernardine Medical Center, the San Bernardino International Airport, and the San Bernardino National Forest, offering a unique blend of urban accessibility and outdoor recreation.

Additional Information

Taxes
$43,729
Pool Description
Community
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
Mountain(s)
Garage Spaces Total
57
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
57
Gross Scheduled Income
$1,090,355
Operating Expense
416956

Listing courtesy of Listing Agent: Eric Chen (eric.chen@cbre.com) from Listing Office: CB RICHARD ELLIS.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.