26675 Ward St
Highland, CA 92346

Bd   — Ba   3,901 Sqft
$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.
  • Neighborhood: Cypress
  • Days on Movoto: 412
  • Year Built: 1964
  • HOA: $0 HOA
  • $/Sqft: $96
  • Lot: 7,723 Sqft
  • Property Type: Multi Family
  • MLS#: IV15248230
  • MLS:
  • Listing Office: LE INVESTMENT GROUP
  • Listed By: ALBERT LE
  • Movoto last checked CRMLS for new data 1 hour ago
  • CRMLS last updated this listing 4 months ago
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Property History

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

Public Record

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
26675 Ward St is a multi family home located in 92346 in Highland, CA. It was last listed for $375,000, which is 4% above the current market median of $360,000 in 92346 and 4% above the market median of $360,000 in Highland. 26675 Ward St is approximately 3,901 Sqft, which is 99% above the median size in Highland of 1,957 square feet and 99% above the median size in 92346 of 1,957 square feet. This property's price per square foot was $96, which is 49% below the current median in 92346 of $190 and 49% below the Highland median of $190. As of today, , there are 100 properties listed for sale in ZIP code 92346 and 100 properties listed for sale in the city of Highland. Of those 100 properties, there are 83 single family houses and 17 condos.
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 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 44 with a median list price of $360,000 and median cost per square foot of $190. Its current status is sold under the MLS #IV15248230.

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