Sold 1/2/17

26675 Ward St
Highland, CA 92346

Bd   Ba   3,901 Sqft   412 Days
$25,000 Price reduction! Highlights; Competitive Offering CAP Rate of 6.01% With an Achievable Pro Forma CAP Rate of 6.70%, Competitive Offering GRM of 9.19 With a Pro Forma GRM of 8.93, Conservative 3%-5% Upside in Potential Rental Income Per Rental Survey, Rental Comparables Illustrate a 99 % Occupancy Area, Non-Rent Control Community & Area, Absolute Turn Key, Very Clean & Well Maintained, Financeable Asset. The Ward Street Fourplex is situated on a 7,723 Sq. Ft. Lot. The property is comprised of 4 large two bedroom two bathroom units. The property has been very well maintained throughout the years and reflects a pride of ownership. 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.
  • MLS#IV15248230 provided by ALBERT LE of LE INVESTMENT GROUP
  • Movoto last checked CRMLS for new data 53 minutes ago
  • CRMLS last updated this listing 9 months ago

Home Features for 26675 Ward Street, Highland

Year Built: 1964
Lot Size Acres: 0.17
Lot Size Square Feet: 7723
Lot Size Units: Square Feet
Lot Size Area: 7723
Price Per Square Foot: 96.13
Tax Lot: 18
Tax Tract Number: 6051
New Taxes Expense: 4400
Parcel Number: 1192531580000
Special Listing Conditions: Standard
Standard Status: Closed
Interior
Average 2nd Bedroom Area: 975
Exterior
Common Walls: 2+ Common Walls
Building Area Units: Square Feet
Number Of Buildings: 1
Building Area Total: 3901
Parking Features: Garage - Rear Entry
Parking Total: 4
Garage Spaces: 4
Number Of Units Total: 4
Property Attached Y/N: 1
Amenities / Utilities
Trash Expense: 1872
Water Sewer Expense: 2940
Electric Expense: 564
Community Features: Sidewalks, Storm Drains
Pool Features: None
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Property History for 26675 Ward Street, Highland

Status
Date
Price
Sold
Jan 2, 2017
$375,000
Pending
Dec 8, 2016
Active
(Under Contract)
Nov 21, 2016
Listed
Jul 19, 2016
Pending
May 24, 2016
Listed
Nov 17, 2015
$375,000
#IV15248230

Real Estate Market Statistics for 26675 Ward Street, Highland

No data!
Cypress
Highland
92346
26675 Ward Street
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$375K

26675 Ward Street

$232K

Cypress

40% y/y

Cypress

$344K

92346

-2% y/y

92346

$344K

Highland

-2% y/y

Highland

See all trends for Highland

Public Record for 26675 Ward Street, Highland

8 Beds
8 Baths
3,901 Sqft Building Area
Quadruplex (4 units, any combination)
7,723 Sqft Lot Size
1964 Year Built
09/15/2009 Last Sale Date
Carport Garage Type
8 Garage # of Cars
As of , there are 98 properties listed for sale in ZIP code 92346 and 98 properties listed for sale in the city of Highland, CA. Those 98 properties include 80 single family homes and 18 condos. This property at 26675 Ward St in 92346 was last listed for $375,000. This is 9% above the current median price of $344,499 for Highland and 9% above the median of $344,499 for 92346. 26675 Ward St is approximately 3,901 Sqft, which is 119% above the Highland median of 1,783 and 119% above the 92346 ZIP code median of 1,783. This property's price per square foot was $96, which is 48% below the current median price in 92346 of $186 and 48% below the Highland median of $186 per square foot.
Built in 1964, this multi family house at 26675 Ward St, Highland CA, 92346 is approximately 3,901 square feet and comes with 4 parking spots. It was last listed $375,000 with a cost per Sqft of $96. 26675 Ward St is located in the Cypress neighborhood in the San Bernardino City Unified School District. The closest school is Cypress Elementary School.

26675 Ward St, Highland CA, 92346 was on the market for 412 days. The median days on the market for properties in this area is 43 with a median list price of $344,499 and median cost per square foot of $186. Its current status is sold under the MLS #IV15248230.

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