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: 315
  • Year Built: 1964
  • HOA:
  • $/Sqft: $96
  • Lot: 7,723 Sqft
  • Property Type: Single Family
  • MLS#: IV15248230
  • MLS:
  • Listing Office: LE INVESTMENT GROUP
  • Listing Broker: ALBERT LE
  • Movoto last checked: 3 hours ago
  • Last updated: 2 months ago

Home Features for 26675 Ward St, Highland

Overview
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Public Record for 26675 Ward Street, Highland

Basic Info
Beds : 8
Baths : 8
Building Area : 3,901 Sqft
Quadruplex (4 units, any combination)
Partial Baths :
Rooms :
Lot Size : 7,723 Sqft
Year Built : 1964
Last Sale Price :
Last Sale Date : 09/15/2009
House Features

Real Estate Market Statistics of 26675 Ward Street , Highland

Highland, California

Total Inventory For Sale

136 Homes

+3% m/m -32% y/y

Median List Price

$344.9K

-1% m/m +16% y/y

Median Days On Market

48 Days

+17% m/m +33% y/y

Median House Size

1,843 Sqft

0% m/m +13% y/y

Median Price Per Square Foot

$175 /Sqft

-2% m/m +4% y/y

Median Price

As of today, there are 137 properties listed for sale in ZIP code 92346 and 136 properties listed for sale in the city of Highland, CA. This property at 26675 Ward St in 92346 is currently listed for $375,000. This is 9% above the $344,900 median price for Highland and 9% above the 92346 median of $344,900. Of the 136 properties for sale in Highland, 123 are single family homes and 13 are condos. 26675 Ward St is a single family home that is approximately 3,901 square feet, 112% above the Highland median of 1,843 and 115% above the 92346 ZIP code median of 1,818. The price per square foot is $96, which is 45% below the median price in 92346 of $175 and 45% below the Highland median of $175 per square foot.

New Listings in Highland

Built in 1964, this single family house at 26675 Ward St is approximately 3,901 square feet and comes with 8 parking spots. It is listed on 11/17/2015 for $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 has been on the market for 315 days. The median days on the market for properties in this area is 48 with a median list price of $344,900 and median cost per square foot of $175. It's currently listed as active under the MLS #IV15248230.

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