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7722 Lankershim Avenue
Highland, CA 92346
Sold
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!!!
PROPERTY INFORMATION
| MLS # | SW23169370 | Lot Size | 9,032 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 640,000
Price Per SqFt: $ 244 |
DOM | 662 Days |
| Address | 7722 Lankershim Avenue | Type | Residential Income |
| City | Highland | Sq.Ft. | 2,625 Sq. Ft. |
| Postal Code | 92346 | Garage | N/A |
| County | San Bernardino | Year Built | 1981 |
| Bed / Bath | 2 / 0 | Parking | N/A |
| Built In | 1981 | Status | Closed |
| Sold Date | 2023-12-20 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Inside |
| EntryLocation | front door |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $683
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 12/20/2023 | Sold | $640,000 |
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(844)-333-8033
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Listing provided courtesy of Tony Burton, Burton Commercial, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
