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- LoopNet Team
3471 20th St
Highland, CA 92346
Residential Condo- Proforma 5.9% CAP · Specialty Property For Sale · 840 SF
INVESTMENT HIGHLIGHTS
- Guaranteed rental income
- low price entry point
- currently rented
EXECUTIVE SUMMARY
PROFORMA CAP 5.9% - as of DECEMBER 2021 there will be a increase to $1400 a month. 840 sqft 2/1B second floor unit that has been consistently occupied since 2016! Currently rented to a family via a government/nonprofit Agency, which ensures rental income. Rent is currently $1232 a month but can rent at a market rate of $1400! Last time unit was rented out there were over 50+ inquiries. High demand location minutes from walmart, San Manuel casino, shopping and the 210/330 Frwy. If you wanted to owner occupy you can with a 60 day notice to tenant. Unit has vinyl plank flooring throughout, central AC/heat, galley kitchen includes refrigerator and new electric stove/oven. 2 large bedrooms, private balcony, 1 reserved car space and shared garage. HOA takes care of exterior maintenance and termite, landscaping, common area, security, exterior insurance, garage, water, sewer, trash, water heater tank.
PROPERTY FACTS
| Property Type | Specialty | Building Size | 840 SF |
| Property Subtype | Residential Income | No. Stories | 2 |
| Building Class | C | Year Built | 1969 |
| Lot Size | 0.08 AC | APN / Parcel ID | 1191-313-04 |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 840 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| APN / Parcel ID | 1191-313-04 |
ZONING
| Zoning Code | RM (Part of an HOA community of 260 condos) |
| RM (Part of an HOA community of 260 condos) |
