26665 Ward StHighland, CA 92346

Property Details for 26665 Ward St

Year built

1963

Construction

WOOD FRAME

Lot size

0.35 AC

Property size (Sq ft)

4,548 SF

Property type

Apartment buildings

APN

1192-531-57-0000

APU

1192531570000

Description

This exceptional 11-unit apartment building in Highland, California presents a compelling investment opportunity. Priced at $1,430,000, this property boasts a strong 6.38% cap rate and a healthy net operating income (NOI) of $91,183. Built in 1963, the single-story building sits on a 0.35-acre lot and features a mix of studio and one-bathroom floor plans, each with individual electric meters. Ten parking spaces are available, including eight single-car garages and two carports. Amenities include an on-site laundry room with new gas water heater (2022), a gated swimming pool, storage room, and on-site office space. Recent renovations include copper repiping (2022) and upgraded flooring and cabinetry in several units. The property benefits from a desirable location near Interstate 210, Highland Community Park, Cypress Elementary School, and numerous retail amenities. Landlord pays for water and trash. The property is conveniently located within a short drive of the San Bernardino International Airport and major employers. This is an excellent opportunity for investors seeking a well-maintained, income-producing asset in a growing market. The average household income within a 5-mile radius exceeds $77,000, and the population surpasses 253,000.

Location Insight

City

Highland

County

San Bernardino

State

California

Latitude

34.1092

Longitude

-117.223

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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