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.
Highland is located in California. Highland, California has a population of 56,733. Highland is less family-centric than the surrounding county with 33.64% of the households containing married families with children. The county average for households married with children is 33.94%.
The median household income in Highland, California is $69,225. The median household income for the surrounding county is $70,287 compared to the national median of $69,021. The median age of people living in Highland is 32.7 years.
The average high temperature in July is 94.9 degrees, with an average low temperature in January of 41.7 degrees. The average rainfall is approximately 13.4 inches per year, with 0 inches of snow per year.
