26665 Ward St
Highland, CA 92346

Bd   — Ba   4,548 Sqft    127 Days
Huge price reduction! Highlights; Actual Offering CAP Rate of 7.36% on Current Expenses, Pro Forma CAP Rate of 8.16% Once Rents Are Leveled Off, Below Average offering GRM of 8.39 With a Pro Forma GRM of 7.85, 5%-7% Upside in Potential Rental Income, 100 % occupied Property Located in a Non-Rent Control Community & Area, Rental Comparables Illustrate a 99 % Occupancy area, Very Clean & Well Maintained Asset With Improvements Throughout Ownership. 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.
  • $0 HOA
  • $165/Sqft
  • MLS#IV17006869 provided by ALBERT LE of LE INVESTMENT GROUP
  • Movoto last checked CRMLS for new data 2 hours ago
  • CRMLS last updated this listing 3 months ago

Home Features for 26665 Ward Street , Highland

Year Built: 1963
Lot Size Square Feet: 15446
Lot Size Units: Square Feet
Price Per Square Foot: 164.91
Tax Lot: 16
Tax Tract Number: 6051
New Taxes Expense: 8800
Parcel Number: 1192531570000
Special Listing Conditions: Standard
Standard Status: Closed
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Property History for 26665 Ward Street, Highland

Status
Date
Price
Sold
May 18, 2017
$750,000
Pending
May 10, 2017
Listed
Jan 11, 2017
$725,000
#IV17006869
Listed
Jul 6, 2016
Pending
Jun 20, 2016
Listed
Nov 17, 2015
$725,000
#IV15248170

Real Estate Market Statistics for 26665 Ward Street, Highland

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26665 Ward Street

No data!
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$725K

26665 Ward Street

$242K

Cypress

1% y/y

Cypress

$342K

92346

0% y/y

92346

$342K

Highland

0% y/y

Highland

See all trends for Highland
26665 Ward St in ZIP code 92346 is a multi family home that was last listed for $750,000. This is 119% above the current median of $342,999 for 92346 and 119% above the current median price of $342,999 for the city of Highland, CA. As of today, , there are 102 properties listed for sale in the 92346 area and 102 properties listed for sale in Highland. Of those 102 properties for sale, 73 are single family homes and 29 are condos. 26665 Ward St is approximately 4,548 Sqft, 157% above the Highland median of 1,771 and 157% above the 92346 ZIP code median of 1,771. The price per square foot was $165 which is 11% below the current median price in 92346 of $185 and 11% below the Highland median of $185 per Sqft.
Built in 1963, this multi family house at 26665 Ward St, Highland CA, 92346 is approximately 4,548 square feet and comes with 11 parking spots. It was last listed with a cost per Sqft of $165. 26665 Ward St is located in the Cypress neighborhood in the San Bernardino City Unified School District. The closest school is Cypress Elementary School.

26665 Ward St, Highland CA, 92346 was on the market for 127 days. The median days on the market for properties in this area is 42 with a median list price of $342,999 and median cost per square foot of $185. Its current status is sold under the MLS #IV17006869.

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