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26674 Ward St
Highland, CA 92346 Cypress

$3,500,000 USD

Apartments For Sale • 15,920 SF

Property Details

Property Type Apartments
Total Building Size 15,920 SF
Lot Size 0.6 AC
Building Class C
Year Built 1964
Cap Rate 6.44 %
Zoning PD, Highland

20 Transit Score

40 Walk Score

                
                    Highlights
                
                                Well-maintained 20-unit multifamily community in a prime Highland rental location
                            
                                Turn-key opportunity featuring extensively renovated units with quartz counters, new cabinetry, stainless appliances, and vinyl plank flooring
                            
                                Desirable unit mix consisting of one-, two-, and three-bedroom floor plans
                            
                                Attractively priced at just $175,000 per unit and $217 per square foot
                            
                                Offered at a 6.44% current cap rate and a 7.55% pro forma cap rate
                            
                                Opportunity to capture 11% rental upside by raising rents to market rates

Financial Summary (Actual)

Net Operating Income: $225,296 USD (2025)

Cap Rate:	6.44 %
Total Expenses:	$161,416 USD

Amenities

Air Conditioning
Laundry Facilities
Storage Space
Gated
Range

Public Transportation

Commuter Rail	Drive	Walk	Distance
Rialto (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	17 min	-	9.4 mi
Airport	Drive	Walk	Distance
Ontario International	38 min	-	26.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

26674 Ward St Highland, CA 92346 Cypress