Highland Condo with Upgraded
For Sale
$390,000
202 Chandler W, Highland, CA 92346
Two-story condo with upgraded kitchen, fireplace, and community amenities.
Property Size1,508 SF
Price / SF$258.62
Days on Market367
Property Features for 202 Chandler W
General Information
Standard status
Active
Size
1,508 SF
Property subtype
Condominium
Amenities
Fireplace
Central
Central Air
Convection Oven
Dishwasher
Gas Water Heater
Microwave
Refrigerator
Water Heater
See Remarks
Building Details
Building Size
1,508 SF
Year Built
1991
Stories
2
Listing Agency:
PARK PROPERTY GROUP
(909) 714-1366
Listed By:
CARLOS PADILLA-MARTINEZ · License #3333384
(909) 714-1366
Source:
Kw
Added: Aug 8, 2025
Changed: Aug 8
Last Checked: Jul 16 at 7:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PARK PROPERTY GROUP
Investment Insights
Based on property information with market context.
This two-story condo at the Enclave at East Highland Ranch features 2 bedrooms and 2.5 bathrooms. The first floor includes a spacious living room and an upgraded kitchen, along with a half bathroom. Upstairs, there is a laundry area. The living area features a fireplace. Each bedroom has a private bathroom; the main suite includes a walk-in closet and an en-suite bathroom with a tiled shower and a dual sink vanity. The property includes a backyard suited for low-maintenance living and entertaining. Community amenities include swimming pools, wading pools, spas, a catch-and-release lake, tennis courts, a basketball court, a walking track, a softball field, a pickleball court, tot lots/playgrounds, horseshoe pits, and walking paths/trails. The HOA fee covers water, trash, and sewer services. The property provides easy access to the 210 freeway and is located in Highland, CA.
Key Highlights
- Abundant community amenities including MULTIPLE POOLS, sports courts, a lake, playgrounds, and walking trails.
- HOA covers water, trash, and sewer services.
- Each bedroom features a private en‑suite bathroom and WALK‑IN CLOSET in the main suite.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,350
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$267,000
$267.0K
Cap Rate 7%
$190,714
$190.7K
Cap Rate 9%
$148,333
$148.3K
Market Conditions
NOI Build-Up for 1,508 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.9K $17.16/SF
− Vacancy
−$1.6K −$1.06/SF
EGI
$24.3K $16.10/SF
− OpEx
−$10.9K −$7.24/SF
NOI
$13.4K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$267,000
Cap Rate 7%
$190,714
Cap Rate 9%
$148,333
Alternative Uses
Best Use
Apartment 5plus
$190.7K
$166.9K – $222.5K
NOI $13,350 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.1K
$278.3K – $371.1K
NOI $22,266 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 92346, CA
57,812
Population
18,075
Households
3.2
Avg Household Size
36
Median Age
25%
College-Educated
84%
High-School Grad
27.1 sq mi
ZIP Area
2,133
Density / Sq Mi
$84,818
Median Household Income
$40,066
Median Earnings
$1,654
Median Rent
$461,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story condo with upgraded kitchen, fireplace, and community amenities.
Where is this apartment building located?
The property is located at 202 Chandler W Highland, CA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Abundant community amenities including MULTIPLE POOLS, sports courts, a lake, playgrounds, and walking trails.; HOA covers water, trash, and sewer services.; Each bedroom features a private en‑suite bathroom and WALK‑IN CLOSET in the main suite.
