13537 5th Street, Yucaipa, CA 92399
  • MLS#: CV25239661 ( Apartment )
  • Street Address: 13537 5th Street
  • Viewed: 2
  • Price: $4,700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 0
  • Days On Market: 3
  • Additional Information
  • County: SAN BERNARDINO
  • City: Yucaipa
  • Zipcode: 92399
  • Provided by: CB RICHARD ELLIS
  • Contact: Eric Eric
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are proud to present a rare opportunity to acquire a brand new, Active Living 62+ Senior Living Apartment Community at 13537 5th St in Yucaipa, CA. This exceptional offering is strategically positioned to capitalize on the thriving Inland Empire market and Yucaipas forward thinking growth. The property features an ideal and evenly split unit mix, with eight 1 bedroom/1 bathroom units and eight 2 bedroom/2 bathroom units, a desirable combination perfectly suited for the local Active Living 62+ senior rental market. As new construction, the property requires no deferred maintenance or costly capital expenditures for years to come. With installed solar panels, the building is designed for long term value, providing a sustainable, eco friendly option that significantly reduces utility costs. This location offers a quiet, balanced lifestyle that is highly sought after by the senior living community, providing proximity to essential services while maintaining a serene environment. This property offers investors immediate returns, with current rents already performing near market rates. While providing stable cash flow from day one, it also presents a clear opportunity for future income growth as the local market continues to strengthen. Whether youre a first time investor, a seasoned professional looking to expand your portfolio, or considering a 1031 Exchange, this asset offers exceptional stability and enduring value in one of Southern Californias most dynamic markets, tapping into the robust and growing demand for senior housing.
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Features
Additional Parcels Description
  1. 0319-233-59
Building Area Total
  1. 13240.00
Carport Spaces
  1. 0.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Garage Spaces
  1. 0.00
Gardner Expense
  1. 4200.00
Heating
  1. Central
Insurance Expense
  1. 13600.00
Laundry Features
  1. Electric Dryer Hookup
  2. Washer Hookup
Levels
  1. One
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 264867.00
Newtaxesexpense
  1. 54753.00
Number Of Separate Electric Meters
  1. 16
Number Of Separate Gas Meters
  1. 16
Otherexpense
  1. 3200.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 0319233580000
Pest Control Expense
  1. 1800.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 25264.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 449175686:CRM
Spa Features
  1. None
Totalactualrent
  1. 397200.00
Totalexpenses
  1. 120417.00
Trash Expense
  1. 4200.00
Uncovered Spaces
  1. 16.00
Vacancyallowance
  1. 11916
Water Sewer Expense
  1. 5400.00
Water Source
  1. Public
Year Built
  1. 2024
Year Built Source
  1. Assessor