27205 Main Street
Highland, CA, 92346 $ 1,050,000
Bedrooms8 Baths5.0 Sq 3,494 Monthly Estimate*
$ 6,979
Listed by CB RICHARD ELLIS
for $1,050,000 with 8 bedrooms and 5 full baths. This 3,494 square foot home was built in 1950 on a lot size of 0.199.
Portfolio Sale Opportunity: This property is available for Individual Purchase or as part of a Portfolio Sale with 394 W. 17th Street, San Bernardino and 3717 Roosevelt Street, Riverside. We are pleased to present the opportunity to acquire a six-unit property located at 27205 Main Street in the city of Highland. The property building size totals ±3,394 SF and is situated on a well-maintained ±8,667 square foot lot. 27205 Main Street is conveniently located minutes away from the 210 Freeway and its cross streets are Cole Avenue and Pacific Street. The property offers convenient access to the San Bernardino Downtown Metrolink rail station, shopping centers, restaurants, and other popular retailers all within a short distance. 27205 Main Street features a small courtyard and well-kept mature landscaping. The property has an on-site laundry facility, a small courtyard, surface vehicle parking and ample street parking. Most of the units have been updated and feature fully equipped kitchens with appliances, new vinyl plank flooring, ceiling fans, recessed lighting, mirrored closets, vertical blinds, wall air conditioning and heating, and private patios or yards. The property offers convenient access to the 210, 215 and 10 freeways connecting to Riverside, Orange, and Los Angeles Counties. Neighboring cities include San Bernardino, Colton, Redlands, Yucaipa, and Loma Linda. Significant local landmarks within a 20-mile radius include: San Bernardino International Airport, Highland Crossing Shopping Center, Highland Avenue Plaza, San Bernardino National Forest, Loma Linda University Medical Center, Cal State San Bernardino and Yaamava’ Resort & Casino, to name a few. 27205 Main Street is a prime Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
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FeaturesGeneralSewer PublicSewer
Heating WallFurnace
Cooling WallWindowUnits
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1950
Stories 2
Levels Two
Property SubType Apartment
Gross Income 98736.0
Community Features Curbs Sidewalks
County San Bernardino
Net Operating Income 55872.0
Operating Expense 37927.0
Insurance Expense 3900.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Merge onto I-210 W Exit Baseline Road Turn Left on Base Line Street Turn Right onto Palm Ave Turn Left onto Main Street
City Highland
Entry Location 1
View Y/N N
Senior Community Y/N N
Open Parking Spaces 6.0
NumberOfUnitsTotal 6
MLS Area 276 - Highland
Lot Size Units SquareFeet
Lot Size Square Feet 8667.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 6
Street Name Main
Listing Terms Cash CashtoNewLoan
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 240.0
Home Warranty Y/N N
Fuel Expense 840.0
Trash Expense 2496.0
Water Sewer Expense 3720.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 48
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 13
Total Actual Rent 97536.0
Property Sub Type Additional Apartment
Taxes 13713.0
Cap Rate 5.32
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ExteriorLot Features Item610UnitsAcre
Water Source Public
Total Parking 6.0
Lot Size Area 8667.0
Number of Buildings 1
Spa N
Building Area Total 3494.0
Lot Size Acres 0.199
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $6,979
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Highland, CA
Average List Price $945,115
Percent of Sale Price 10%
About Highland, CA 54,574 Population
20% Since 2002
$ 54,457 Median Income
33.03 Median Age
40% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/11/2024 | $1,050,000 | | Listed Price |