NOT LISTED FOR SALE
3 Beds
3 Baths
26,975 Sq Ft
0.78 Acres

Last Sold March 07, 2019

Last sale price $5,700,000 $211 Per Sq Ft

61 Days on Market

Highlights

  • 0.78 Acre Lot
  • Community Pool
  • Laundry Room
  • No HOA

About This Home

As of March 2019

WAITLIST - Highland Parc Apartments (Lease a shared room, private room, or entire apartment) - Highland Parc is currently 100% leased out for 2021-2022!
Apply to join our WAITLIST to secure a place in line for any POSSIBLE availability!
*Prices are subject to change

Unit types:
North:
- 2x1:
- Master: $750 - $1,500
- Junior suite: $700
-3x2:
-Master: $650 - $1,300
-Guest: $540 - $1,080
-Junior suite: $695

Highland Parc apartments Highland Parc Apartments offers freshly renovated units just steps away from UC Riverside. With amenities such as
- Community Events
- Free Wifi and Cable
- NEW Vinyl Flooring
- Resort style Pool with an all new pool deck and a beautiful cabana
- Brand new BBQ area
- Gated Community
- Conveniently located near shopping centers, entertainment, and UCR

Apply online to secure your spot in line!
You are also welcome to visit us online at www.Highland- or Call us at or text us at

(RLNE4791186)

Last Listed By

Douglas McCauley

MARCUS & MILLICHAP Listed on: 10/12/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.78 Acre Lot
  • Two or More Common Walls

Parking

  • 11 Car Garage
  • 16 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 26,975 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 250212005

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 31 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 31 Leased Units
  • 32 Separate Electric Meters
  • 32 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,000
  • Fuel Expense $5,000
  • Gardener Expense $2,400
  • Insurance Expense $7,524
  • Maintenance Expense $30,000
  • Other Expense $3,772
  • Pest Control $900
  • Pool Expense $2,050
  • Professional Management Expense $45,680
  • Trash Expense $3,000
  • Water Sewer Expense $5,000
  • New Taxes Expense $63,385
  • Operating Expense $174,604
  • Gross Income $504,660
  • Net Operating Income $313,869

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

11

Listing Details

  • CapRate: 5.41
  • Other Phone Description: 626-695-6776
  • Professional Management Expense: 45680.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5000.00
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 250212005
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 211.31

Exterior Features

  • Pool Expense: 2050.00
  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 16.00
  • Garage Spaces: 11.00
  • Total Parking Spaces: 27.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 33976.80
  • Lot Size Acres: 0.7800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 725 Square Feet
  • Average2 Bed Area: 950 Square Feet
  • Electric Expense: 5000.00
  • Fuel Expense: 5000.00
  • Gross Income: 504660.00
  • Gross Multiplier: 11.49
  • Gross Operating Income: 484473.00
  • Gross Scheduled Income: 504660.00
  • Insurance Expense: 7524.00
  • Laundry Income: 4000.00
  • Lot Size Area: 0.7800 Acres
  • Maintenance Expense: 30000.00
  • Net Operating Income: 313869.00
  • Number Of Separate Electric Meters: 32
  • Number Of Separate Gas Meters: 32
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 31
  • Number Of Units Total: 31
  • Number With Dishwasher: 31
  • Number With Range: 31
  • Number With Refrigerator: 31
  • Operating Expense: 174604.00
  • Other Expense: 3772.00
  • Rent Control: No
  • Total Actual Rent: 41695.00
  • Total Expenses: 174604.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 63385.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Off Market $500 -- --
10/25/2024 10/25/24 Price Changed $500 +25.0% $1 / Sq Ft
10/12/2024 10/12/24 Price Changed $400 -20.0% $0 / Sq Ft
09/26/2024 09/26/24 For Rent $500 0.0% --
12/08/2023 12/08/23 Price Changed $500 -7.4% $1 / Sq Ft
12/02/2023 12/02/23 Price Changed $540 +8.0% $1 / Sq Ft
10/26/2023 10/26/23 Price Changed $500 -16.7% $1 / Sq Ft
10/11/2023 10/11/23 Price Changed $600 +20.0% $1 / Sq Ft
09/26/2023 09/26/23 Price Changed $500 +42.9% $1 / Sq Ft
09/22/2023 09/22/23 Price Changed $350 -30.0% $0 / Sq Ft
09/20/2023 09/20/23 Price Changed $500 -13.0% $1 / Sq Ft
08/15/2023 08/15/23 Price Changed $575 -15.7% $1 / Sq Ft
08/10/2023 08/10/23 Price Changed $682 +18.6% $1 / Sq Ft
08/08/2023 08/08/23 For Rent $575 0.0% --
06/22/2023 06/22/23 Price Changed $575 -17.0% $1 / Sq Ft
06/22/2023 06/22/23 For Rent $693 0.0% --
05/23/2023 05/23/23 For Rent $693 0.0% --
01/24/2023 01/24/23 Price Changed $693 -42.3% $1 / Sq Ft
01/18/2023 01/18/23 For Rent $1,200 0.0% --
03/07/2019 03/07/19 Sold $5,700,000 -1.7% $211 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
10/12/2018 10/12/18 For Sale $5,799,000 -- $215 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18248939

California Regional Multiple Listing Service (CRMLS)

APN: 250-212-005