NOT LISTED FOR SALE
6 Beds
5 Baths
3,494 Sq Ft
8,667 Sq Ft Lot

Last Sold July 26, 2024

Last sale price $1,050,000 $301 Per Sq Ft

121 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of July 2024

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.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 02/10/2024

Last Buyer's Agent

Lisa Pimentel

CENTURY 21 CITRUS REALTY INC License #01745013

CENTURY 21 CITRUS REALTY INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 8,667 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,494 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 7409
  • Assessor Parcel Number 1191471510000
  • $1,292 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Fuel Expense $840
  • Gardener Expense $1,200
  • Insurance Expense $3,900
  • Maintenance Expense $4,690
  • Other Expense $1,500
  • Professional Management Expense $5,628
  • Trash Expense $2,496
  • Water Sewer Expense $3,720
  • New Taxes Expense $13,713
  • Operating Expense $37,927
  • Gross Income $98,736
  • Net Operating Income $55,872

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • CapRate: 5.32
  • Other Phone Description: Blake Torgerson
  • Other Phone Number: 909-418-2074
  • Price Per Unit: 175000
  • Professional Management Expense: 5628.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3720.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 1191471510000
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 300.52

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2496.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8667.00
  • Lot Size Acres: 0.1990
  • Latitude Manual: 34.12740600

Multi Family

  • Electric Expense: 240.00
  • Fuel Expense: 840.00
  • Gross Income: 98736.00
  • Gross Multiplier: 10.63
  • Gross Operating Income: 93799.00
  • Gross Scheduled Income: 98736.00
  • Insurance Expense: 3900.00
  • Lot Size Area: 8667.0000 Square Feet
  • Maintenance Expense: 4690.00
  • Net Operating Income: 55872.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 37927.00
  • Other Expense: 1500.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 97536.00
  • Total Expenses: 37927.00
  • Vacancy Allowance: 4937

Tax Info

  • New Taxes Expense: 13713.00
  • Tax Census Tract: 74.09
  • Tax Lot: 13
  • Tax Tract Number: 007409
  • TaxOtherAnnualAssessmentAmount: 1292.00

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/26/2024 07/26/24 Sold $1,050,000 0.0% $301 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
02/10/2024 02/10/24 For Sale $1,050,000 0.0% $301 / Sq Ft
08/29/2019 08/29/19 Rented $1,350 0.0% --
08/15/2019 08/15/19 Price Changed $1,350 -6.9% $1 / Sq Ft
08/06/2019 08/06/19 For Rent $1,450 0.0% --
08/16/2016 08/16/16 Sold $440,000 0.0% $110 / Sq Ft View Prior Sale
07/17/2016 07/17/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $440,000 -- $110 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24029313

California Regional Multiple Listing Service (CRMLS)

APN: 1191-471-51