26877 Mossway St Highland, CA 92346
- Residential income homes
- 4,800 SF
Current Use by Public Records
- Residential income homes
Property Details for 26877 Mossway St
- Year built
- 1971
- Property size
- 4,800 SF
- Property type
- Residential income homes
- APN
- 1192-541-78//789/80/81
Description
This exceptional investment opportunity presents a portfolio of four individual townhomes located in Highland, California. Each unit boasts approximately 1200 square feet, totaling 4,800 square feet of net rentable space. Built in 1971 and extensively renovated in 2022, these two-story properties are situated on individual parcels (APN: 1192-541-78//789/80/81) within a gated community, offering residents convenient front carport parking, gated front porches, and storage. Currently operating at 100% occupancy, this stabilized investment boasts a compelling 6.03% cap rate and a price per square foot of $197.92. The asking price for the entire portfolio is $950,000, or $237,500 per unit. This presents a unique opportunity for investors seeking a multifamily asset with the benefits of single-family residential properties, including no rent control. The property's prime location near the Highland Community Center and major employers like Amazon ensures strong rental demand and ease of management. The permitted zoning is residential. This is a 1031 exchange eligible property. The property is classified as Class C multifamily.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Highland
- County
- San Bernardino
- State
- California
- Longitude
- -117.2180584
- Latitude
- 34.1089749
