Highland, CA 92346 27205 Main Street
$1,050,000
22 more
Presented By: ERIC CHEN with CB RICHARD ELLIS; 626-757-5717
Home Details
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.
Presented By: ERIC CHEN with CB RICHARD ELLIS; 626-757-5717
Interior Features for 27205 Main Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixStreet
Total Stories2
Other Rooms
Entry Level1
General for 27205 Main Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.32
Carport Y/NNo
CityHighland
Community FeaturesCurbs, Sidewalks
CoolingWallWindowUnits
CountySan Bernardino
Days on Market48
DirectionsMerge onto I-210 W, Exit Baseline Road, Turn Left on Base Line Street, Turn Right onto Palm Ave, Turn Left onto Main Street
Electric Expense240.0
Entry Location1
Fuel Expense840.0
Garage Spaces0.0
Garage Y/NNo
Gross Income98736.0
HOA0.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense3900.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet8667.0
MLS Area276 - Highland
MaintenanceExpense4690.0
MobileHomeRemainsYNNo
Net Operating Income55872.0
New ConstructionNo
Number of Units Leased6
Open Parking Spaces6.0
Operating Expense37927.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameMain
Tax Lot13
Taxes$13,713
Total Actual Rent97536.0
Total Units6
Trash Expense2496.0
View Y/NNo
Water Sewer Expense3720.0
Waterfront Y/NNo
Year Built1950
Year Built SourceAssessor
Exterior for 27205 Main Street
Building Area Total3494.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.199
Lot Size Area8667.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480