26665 Ward Street, Highland, CA 92346

$725,000 Approx. USD 0 beds, 0 baths
4,548 sqft

Agent Remarks

Huge price reduction! Highlights; Competitive Offering CAP Rate of 6.80% With an Achievable Pro Forma CAP Rate of 7.28%, Competitive Offering GRM of 8.82 With a Pro Forma GRM of 8.45, Potential 5%-7% Upside in Rental Income, Rental Comparables Illustrate a 99 % Occupancy Area, ??Absolute Turn Key, Very Clean & Well Maintained, Financeable Asset. The Ward Street apartment community is situated on a 15,446 Sq. Ft. Lot. The apartment complex is composed of eleven studio units. The property has been very well maintained throughout the years and reflects a pride of ownership. The tenants are provided secure onsite parking with detached garages, pool access, & onsite laundry. The City of Highland is among one of the fastest growing communities in the Inland Empire. There are currently six developers working on large scale residential developments in the city. Increased occupancy and stabilization have lead to an increase in demand, which has resulted in higher rental prices and returns. Currently less than 20% of dwellings in Highland are designated for multifamily, this factor will continue to contribute to much higher demand for this type of housing in the future. The growth in the City of Highland make this multifamily asset an ideal investment opportunity.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# IV15248170
List price is $725,000 Reduced by $75,000 on 3/14/2016
Beds: 0
Baths: 0
Built in 1963
4,548 sqft
1 stories
0.35 acres
Lot size: 15446.000
County: San Bernardino
Parking description: Covered Parking,Carport Detached,Garage - Rear Entry
MLS area: 276 - Highland

Last Updated: 10/12/2016

 Find more Highland homes and real estate

 Find more homes in 92346 zip code

This listing belongs to the 276 - Highland MLS area

Lat/Long: 34.109150, -117.222768.
Find nearby listings

Broker: Courtesy of LE INVESTMENT GROUP
Listing Agent: ALBERT LE

Area Map

Nearby Schools

Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

Similar Listings