Multifamily in Highland, CA — Sale in Highland, CA

  • Price: $3.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Highland, CA 92346

Photos

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Description

Prime 20-Unit Multifamily Asset in Highland | 6.44% Cap Rate CBRE is pleased to exclusively present a stabilized multifamily investment opportunity at 26674 Ward Street in Highland, CA, offering a strong in-place income stream in the heart of the Inland Empire. This well-maintained 20-unit asset is strategically positioned near San Bernardino International Airport, California State University San Bernardino, and Yaamava’ Resort & Casino — one of the region’s largest employers and entertainment destinations. With direct access to the 210, 10, and 215 Freeways, the property offers residents unparalleled connectivity across the Inland Empire and greater Southern California. Currently generating a 6.55% cap rate with a 7.68% pro forma cap rate and 10.83% rental upside, the asset is offered at a compelling $172,500 per unit — an exceptional entry point for today’s market. Property Highlights Situated on a ±25,900 SF lot, the property features ±16,120 SF of rentable space across extensively renovated apartment homes averaging 800 SF — a practical floor plan well-suited to the area’s working-class, long-term renter base. Select units have undergone comprehensive interior upgrades, including updated kitchens with quartz countertops, new cabinetry, and stainless steel appliances, fully remodeled bathrooms featuring contemporary tile surrounds and fixtures, new luxury vinyl wood plank flooring throughout, and fresh interior paint. The diverse unit mix includes 1-bedroom/1-bathroom, 2-bedroom/1-bathroom, and 3-bedroom/2-bathroom floor plans, each complemented by modern ceiling fans, wall air conditioning and heating, walk-in closets, linen closets, and storage space. Common area amenities include an on-site laundry facility, gated entry, covered and surface parking within a secured courtyard, and a freshly painted exterior with mature landscaping that enhances the property’s curb appeal. Strategic Location & Connectivity Highland serves as a vital hub within the Inland Emp

Market Context

This multifamily in Highland, CA is listed for sale at $3,450,000. Compare it against other multifamily listings for sale in Highland, CA — view the full market.

As of Q1 2026, the Inland Empire multifamily market showed a 4.9% vacancy rate. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the Inland Empire multifamily market tightening or softening?
Vacancy is around 4.9% (Q1 2026).

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  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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