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Elowyn Estates 13537 5th St

16 Unit Block of Flats £4,382,785 (£273,924/Unit) 7.16% Net Initial Yield Yucaipa, CA 92399

Investment Highlights

  • New Senior Apartments
  • Excellent Amenities
  • Close to Casino
  • Close Proximity to Retail/Restaurants
  • Fenced Yard
  • Paid Off Solar

Executive Summary

**Attention Investors!** It’s time to seize a remarkable opportunity in the rental market! For sale by Owner/Builder. Seller carry option available. Just received Occupancy Dec 2024!
This brand-new senior living community, completed in 2024, is ready for immediate occupancy. With eight buildings and 16 units—8 spacious two-bedroom, two-bathroom units, and eight comfortable one-bedroom units—this property is a lucrative investment. The potential annual income when fully occupied is an impressive $393,600. Act now and capitalize on this incredible chance!

Attachments

Elowyn Estates

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £313,648 £23.70
Other Income - -
Vacancy Loss - -
Effective Gross Income £313,648 £23.70
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £313,648
Annual Per SF £23.70
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £313,648
Annual Per SF £23.70
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £4,382,785
Price Per Unit £273,924
Sale Type Investment
Net Initial Yield 7.16%
No. Units 16
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.90 AC
Building Size 13,234 SF
Number of Floors 1
Year Built 2024
Parking Ratio 2.42/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Heating
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • Oven
  • Carpet
  • Family Room
  • Patio

Site Amenities

  • Wheelchair Accessible
  • Smoke Free

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 8 £1,554 752
2+2 8 £1,713 901

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0319-233-59
  • 0319-233-58
Land Assessment
£292,613 (2024)
Improvements Assessment
£294,844 (2024)
Total Assessment
£587,457 (2024)

zoning

Zoning Code MF (Apartments)
MF (Apartments)
  • Listing ID: 34292842

  • Date on Market: 26/12/2024

  • Last Updated:

  • Address: 13537 5th St, Yucaipa, CA 92399

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