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7443 Elm St
Highland, CA 92410 Curtis

$4,100,000 USD

Apartments For Sale • 17,040 SF

Property Details

Property Type Apartments
Total Building Size 17,040 SF
Lot Size 0.6 AC
Building Class C
Year Built 1964
Cap Rate 6.52 %
Zoning R3, Highland

36 Transit Score

52 Walk Score

                
                    Highlights
                
                                Ideal Opportunity to Acquire a 20-Unit Property in Highland with a 6.52% Cap Rate Already In Place
                            
                                Well-Kept ±17,040 SF Property Situated on a Spacious ±26,200 SF Lot Built in 1964
                            
                                Assumable Freddie Mac Loan of Approximately $1,800,000 at 3.47% Fixed Interest Rate through January 2031/30 Year Amortization (Not Required)
                            
                                Featuring Two-Bedroom Floor Plans | Average Unit Size of 855 Square Feet
                            
                                Value-Add Opportunity; Approximately 18% Rental Upside Potential through Continued Interior & Exterior Renovations
                            
                                Heavily Renovated and Upgraded Property Including: Exterior Paint, Full Roof Replacement, Soft Story Seismic Retrofit, Security Camera System

Financial Summary (Actual)

Net Operating Income: $267,294 USD (2023)

Cap Rate:	6.52 %
Total Expenses:	$156,242 USD

Amenities

Dishwasher
Laundry Facilities
Refrigerator

Public Transportation

Commuter Rail	Drive	Walk	Distance
San Bernardino - Tippecanoe Metrolink Station (Metrolink San Bernardino Line - Metrolink Trains)	8 min	-	4.4 mi
San Bernardino - Downtown Metrolink Station (Metrolink Inland Empire-Orange County Line - Metrolink Trains, Metrolink San Bernardino Line - Metrolink Trains)	10 min	-	4.7 mi
Airport	Drive	Walk	Distance
Ontario International	34 min	-	25.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

7443 Elm St Highland, CA 92410 Curtis