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7443 Elm Street, Highland, CA 92410
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7443 Elm Street
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  • MLS#: CV24137672 ( Apartment )
  • Street Address: 7443 Elm Street
  • Viewed: 2
  • Price: $4,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 134
  • Additional Information
  • County: SAN BERNARDINO
  • City: Highland
  • Zipcode: 92410
  • Provided by: CB RICHARD ELLIS
  • Contact: ERIC ERIC
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are proud to present an exceptional opportunity to acquire a meticulously renovated 20 Unit multifamily property located at 7443 Elm Street in the city of Highland. This 17,040 SF Building is situated on a generous 26,200 SF lot. Highland boasts a strong workforce with major regional distribution centers, creating consistent demand for rentals due to the steady influx of residents. Units feature fully equipped kitchens with oven ranges, dishwashers, refrigerators, vertical blinds, wall AC/heating, high speed Internet and a combination of stylish plank wood and carpet flooring throughout. The property boasts mature landscaping with lovely mountain views, laundry facilities, and onsite carport and ample street parking. 7443 Elm Street offers a central location with convenient access to the Metrolink San Bernardino Commuter Rail Station. The property is also close to shopping centers, theaters, restaurants, and trendy shops, catering to diverse needs and providing excellent entertainment options. 7443 Elm Street is a stable income producing asset in the Inland Empire, promising a strong return on investment. Whether youre a first time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long term value.
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Features
Building Area Total
  1. 17040.00
Carport Spaces
  1. 20.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 45
Electric Expense
  1. 2221.00
Fuel Expense
  1. 1030.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1350.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 13000.00
Laundry Features
  1. Common Area
Laundry Income
  1. 2202.00
Levels
  1. Two
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 253035.00
Newtaxesexpense
  1. 54708.00
Number Of Separate Electric Meters
  1. 20
Number Of Separate Gas Meters
  1. 20
Otherexpense
  1. 4000.00
Otherexpensedescription
  1. Reserves
Otherincome1
  1. 11345.00
Otherincome2
  1. 1364.00
Parcel Number
  1. 0278121340000
Pest Control Expense
  1. 1432.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 36914.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 418341638:CRM
Spa Features
  1. None
Suppliesexpense
  1. 579.00
Taxarea
  1. 018-142
Taxblock
  1. 51
Totalactualrent
  1. 420804.00
Totalexpenses
  1. 160895.00
Trash Expense
  1. 9431.00
Vacancyallowance
  1. 21786
View
  1. Mountain(s)
Water Sewer Expense
  1. 14526.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor