7443 Elm St - Apartments FOR SALE


Highland, CA 92410
$4,100,000 USD
909-418-2071
7443 Elm St, Highland, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/39
null | 6.52% Cap Rate

7443 Elm St
Highland, CA 92410


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

OVERVIEW

CBRE, Inc., as exclusive advisor, is 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 you’re 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.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

20

PRICE/UNIT

$205,000

CAP RATE

6.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elm Village Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,200 SF

ZONING

R3, Highland

APN/PARCEL ID

0278-121-34

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.