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3444 3496 Rainbow

Highland, CA 92346
  • $1,225,000
  • STATUS: Active Under Contract
  • ON SITE: 110 Days
  • ID#: IV24039157
Under Contract
UPDATED: 111 min ago
$1,225,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1969
County:

School Ratings & Info

Listing Agent(s): Albert Le of LE INVESTMENT GROUP (909-256-7889)


Description

Le Investment Group is proud to present a unique investment opportunity " a portfolio sale featuring a collection of six well maintained condominium units. Built in 1969, these condos have undergone thoughtful interior renovations under the current ownership, ensuring tenants have all modern conveniences. The portfolio comprises two distinct floor plans, adding versatility to the property. Two (2) of the units boast a comfortable 780 square feet of living space, offering a well-designed layout with 2 bedrooms and 1 bathroom. Meanwhile, the remaining four (4) units present a slightly larger footprint at 882 square feet, featuring 2 bedrooms and 1.5 bathrooms " providing additional functionality.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T19:31:48.303. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/147984015
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3444 3496 Rainbow Highland, CA 92346

  • Price: $1,225,000
  • Status: Active Under Contract
  • On Site: 110 Days
  • Updated: 111 min ago
  • ID#: IV24039157
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1969
Built
Neighborhood:
276 - Highland
County:
San Bernardino
Area:
276 - Highland
Property Description
Le Investment Group is proud to present a unique investment opportunity " a portfolio sale featuring a collection of six well maintained condominium units. Built in 1969, these condos have undergone thoughtful interior renovations under the current ownership, ensuring tenants have all modern conveniences. The portfolio comprises two distinct floor plans, adding versatility to the property. Two (2) of the units boast a comfortable 780 square feet of living space, offering a well-designed layout with 2 bedrooms and 1 bathroom. Meanwhile, the remaining four (4) units present a slightly larger footprint at 882 square feet, featuring 2 bedrooms and 1.5 bathrooms " providing additional functionality.
Exterior Features

Entry Level 1 Entry Location 1 Number Of Separate Electric Meters 6 Open Parking Spaces 6 Parking Total 12 Pool Features Association Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Association YN Yes Cable Tv Expense 0 Cap Rate 7.44 Common Interest Condominium Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 156000 Gross Scheduled Income 156000 Insurance Expense 3240 Land Lease YN No Laundry Features Inside Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 4493 Net Operating Income 91171 New Construction YN No New Taxes Expense 15117 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 6 Number Of Units Leased 3 Operating Expense 60149 Other Expense 28800 Pest Control Expense 0 Pool Expense 0 Property Sub Type Condominium Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0 Tenant Pays Other Total Actual Rent 5489 Trash Expense 0 Vacancy Allowance 6240 Water Sewer Expense 0 Water Source Public Zoning Condo



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T19:31:48.303. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Albert Le of LE INVESTMENT GROUP (909-256-7889)