7722 Lankershim Avenue
Highland, CA 92346
- – beds
- – baths
- – sqft
- 9,032 sqft lot
- 1981 build
- – on site
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This offering is a triplex located in the San Bernardino/Highland area of the Inland Empire. This area is conveniently surrounded by the I-10, the 210, and the I-15 Freeways, making it an easy commute to get to/from Los Angeles and Orange Counties within 30-45 minutes. THIS TRIPLEX HAS THREE 2 BEDROOMS 2 BATHS UNITS!! Having the extra baths in each unit means more money to you and is a super attraction to tenants, and their willingness to pay top rents. Most of the available units in the area have either 1 bedroom's 1 bath's or 2 bedrooms 1 baths, so units having 2 bedrooms 2 baths like this offering are a rarity. Moreover, the short supply of 2 bedroom 2 bath units means those rent will rise quicker!! Please see the RENT COMP (a few blocks away) in the SUPPLEMENTS attached. Please note the 2 bedroom 2 baths are fetching $1,970 rents monthly!!! This complex really performs! Please look at the ANNUAL PROPERTY OPERATING DATA statement, in the SUPPLEMENTS attached, At market rents we're putting out an astounding $70,920 annual gross income, an 8.81 Gross Rent Multiplier, a rarely seen 9.80% Cap Rate, and a robust 21.78% Cash on Cash. Please note we are priced way below the market. In the SUPPLEMENTS attached, there's a nearby triplex sales comp, with an inferior (one 2 bedrooms 1 bath's, and two 1 bedroom's 1 bath's), that recently sold for $650,000. We're three 2 bedrooms 2 baths, and we're asking only $640,000!!! It is very rare to find a triplex in the Inland Empire, with 2 bedrooms 2 baths, for under $700,000. Normally one would have to go out to the for outskirts of the Inland Empire to find this. Here we have a triplex, with 2 bedrooms 2 baths, at the hub of the Inland Empire!!!
Listed By CRMLS_CA / Tony Burton / Burton Commercial, Inc.
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Last updated Dec 20, 2023
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MLS# SW23169370 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/20/23
Dec 20, 2023
|
Sold | CRMLS_CA | $640,000 | |
11/2/23
Nov 2, 2023
|
Price Changed | CRMLS_CA | $640,000 | 2.4% |
10/11/23
Oct 11, 2023
|
Pending | CRMLS_CA | $625,000 |