7443 Elm St San Bernardino, CA 92410
Warm Springs NeighborhoodEstimated payment $23,493/month
Total Views
7,331
4
Beds
3
Baths
17,040
Sq Ft
$220
Price per Sq Ft
Highlights
- 0.6 Acre Lot
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Mountain View
- Laundry Room
About This Home
We are 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $31,224
Year Built
- Built in 1964
Lot Details
- 0.6 Acre Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Home Design
- Apartment
Interior Spaces
- 17,040 Sq Ft Home
- 2-Story Property
- Mountain Views
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Parking
- 20 Parking Spaces
- 20 Carport Spaces
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 12 / 51
- Tax Tract Number 6402
- Assessor Parcel Number 0278121340000
Community Details
Overview
- Property has a Home Owners Association
- 20 Units
Amenities
- Laundry Facilities
Building Details
- 18 Leased Units
- Rent Control
- 20 Separate Electric Meters
- 20 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,600
- Fuel Expense $551
- Gardener Expense $1,560
- Insurance Expense $13,000
- Maintenance Expense $20,000
- Other Expense $4,000
- Pest Control $1,341
- Professional Management Expense $37,530
- Supplies Expense $504
- Trash Expense $10,188
- Water Sewer Expense $15,576
- Security Expense $75
- New Taxes Expense $46,934
- Operating Expense $156,195
- Gross Income $438,598
- Net Operating Income $260,473
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | For Sale | $3,750,000 | -- | $220 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Home in San Bernardino, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25085926
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