26665 Ward St
Highland, CA 92346

Bd   — Ba   4,548 Sqft
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.
  • Neighborhood: Cypress
  • Days on Movoto: 39
  • Year Built: 1963
  • HOA:
  • $/Sqft: $159
  • Lot: 15,446 Sqft
  • Property Type: Multi Family
  • MLS#: IV17006869
  • MLS:
  • Listing Office: LE INVESTMENT GROUP
  • Listed By: ALBERT LE
  • Movoto last checked CRMLS for new data 15 hours ago
  • CRMLS last updated this listing 1 month ago

Home Features for 26665 Ward St , Highland

Overview
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Property History for 26665 Ward St, Highland

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

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26665 Ward St in 92346 is currently listed for 725,000. As of today, , this is 114% above the median price of $339,000 for the city of Highland, CA and 113% above the median of $340,000 for ZIP code 92346. Right now, there are 89 properties for sale in 92346 and 87 properties listed for sale in Highland. Those 87 properties are made up of 75 single family homes and 12 condos. The square footage of 26665 Ward St is approximately 4,548, which is 147% above the median size of 1,843 square feet in Highland and 147% above the median size of 1,843 square feet in ZIP code 92346. This property's price per square foot is $159, which is 14% below the $185 median in 92346 and 13% below the $182 Highland median.
Built in 1963, this multi family house at 26665 Ward St is approximately 4,548 square feet and comes with 11 parking spots. It is listed on 01/11/2017 for $725,000 with a cost per Sqft of $159. 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 has been on the market for 39 days. The median days on the market for properties in this area is 40 with a median list price of $339,000 and median cost per square foot of $182. It's currently listed as active under the MLS #IV17006869.

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