26665 Ward St Highland, CA 92346-5676

This exceptional 11-unit apartment building in Highland, California presents a compelling investment opportunity. Priced at $1,430,000, this property boasts a strong 6.38% cap rate and a healthy net operating income (NOI) of $91,183. Built in 1963, the single-story building sits on a 0.35-acre lot and features a mix of studio and one-bathroom floor plans, each with individual electric meters. Ten parking spaces are available, including eight single-car garages and two carports. Amenities include an on-site laundry room with new gas water heater (2022), a gated swimming pool, storage room, and on-site office space. Recent renovations include copper repiping (2022) and upgraded flooring and cabinetry in several units. The property benefits from a desirable location near Interstate 210, Highland Community Park, Cypress Elementary School, and numerous retail amenities. Landlord pays for water and trash. The property is conveniently located within a short drive of the San Bernardino International Airport and major employers. This is an excellent opportunity for investors seeking a well-maintained, income-producing asset in a growing market. The average household income within a 5-mile radius exceeds $77,000, and the population surpasses 253,000.