Highland, CA 92346 3444 3496 Rainbow
$1,225,000
8 more
Presented By: ALBERT LE with LE INVESTMENT GROUP; 909-256-7889
Beds • 12
Full/Half Baths • 2 / 1
SQFT • 5,088
Garage • 6
Home Details
Le Investment Group is proud to present a unique investment opportunity – a portfolio sale featuring a collection of six well maintained condominium units. Built in 1969, these condos have undergone thoughtful interior renovations under the current ownership, ensuring tenants have all modern conveniences. The portfolio comprises two distinct floor plans, adding versatility to the property. Two (2) of the units boast a comfortable 780 square feet of living space, offering a well-designed layout with 2 bedrooms and 1 bathroom. Meanwhile, the remaining four (4) units present a slightly larger footprint at 882 square feet, featuring 2 bedrooms and 1.5 bathrooms – providing additional functionality.
Presented By: ALBERT LE with LE INVESTMENT GROUP; 909-256-7889
Interior Features for 3444 3496 Rainbow
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 3444 3496 Rainbow
Additional Parcels Description1191-312-31-0000, 1191-312-23-0000, 1191-312-39-0000, 1191-312-19-0000, 1191-312-49-0000
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.44
Carport Y/NNo
CityHighland
Community FeaturesSidewalks
CountySan Bernardino
Days on Market2
Directions3444 Rainbow Ln., 3478 Rainbow Ln., 3496 Rainbow Ln., 3530 Rainbow Ln., 3489 20th St., & 3499 20th St. Highland, CA
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces6.0
Garage Y/NYes
Gross Income156000.0
HOA / Comm AssnYes
Home Warranty Y/NNo
Insurance Expense3240.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Listing TermsSubmit
Lot Size Square Feet3267.0
MLS Area276 - Highland
MaintenanceExpense4493.0
MobileHomeRemainsYNNo
Net Operating Income91171.0
New ConstructionNo
Number of Units Leased3
Open Parking Spaces6.0
Operating Expense60149.0
Pool FeaturesAssociation
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalCondominium
Property SubTypeCondominium
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameRainbow
Tax Lot34
Taxes$15,117
Tenant PaysOther
Total Actual Rent5489.0
Total Units6
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1969
Year Built SourcePublicRecords
ZoningCondo
Exterior for 3444 3496 Rainbow
Building Area Total5088.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.075
Lot Size Area0.075
Lot Size SourcePublicRecords
Lot Size UnitsAcres
Number of Buildings6
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters6
Open Parking Y/NNo
Pool Charge0.0
SpaNo
Total Parking12.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480