3444 3496 Rainbow Highland, CA ^$ 1,225,000

3444 3496 Rainbow

^$ 1,225,000

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3444 3496 Rainbow

Highland, CA, 92346

^$ 1,225,000

Bedrooms12 Baths2.1 Sq 5,088

Monthly Estimate*

^$ 8,557

Listed by LE INVESTMENT GROUP

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3444 3496 Rainbow, Highland, CA 92346 - Image 8

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3444 3496 Rainbow, Highland, CA 92346 - Image 13

Multi-Family Home for sale in Highland, CA

for $1,225,000 with 12 bedrooms and 2 full baths, 1 half bath. This 5,088 square foot home was built in 1969 on a lot size of 0.075.

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.

Multi-Family Active

Price

^$ 1,225,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Condominium

Lot Size

0.075

Year Built

1969

Town/City

Highland

County/Region

San Bernardino

MLS | Web ID

IV24039157

Days on Market

Features

General

Sewer PublicSewer

Zoning Condo

Garage Spaces 6.0

Pool Features Association

Year Built 1969

Tenant Pays Other

Levels MultiSplit

Property SubType Condominium

Gross Income 156000.0

Community Features Sidewalks

Additional Parcels Description 1191-312-31-0000 1191-312-23-0000 1191-312-39-0000 1191-312-19-0000 1191-312-49-0000

County San Bernardino

Net Operating Income 91171.0

Operating Expense 60149.0

Insurance Expense 3240.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn Y

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions 3444 Rainbow Ln. 3478 Rainbow Ln. 3496 Rainbow Ln. 3530 Rainbow Ln. 3489 20th St. & 3499 20th St. Highland CA

City Highland

Entry Location 1

View Y/N N

Senior Community Y/N N

Open Parking Spaces 6.0

Total Units 6

MLS Area 276 - Highland

Lot Size Square Feet 3267.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 3

Street Name Rainbow

Listing Terms Submit

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 2

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 34

Total Actual Rent 5489.0

Property Sub Type Additional Condominium

Taxes 15117.0

Cap Rate 7.44

Exterior

Water Source Public

Total Parking 12.0

Lot Size Area 0.075

Number of Buildings 6

Spa N

Building Area Total 5088.0

Lot Size Acres 0.075

Lot Size Units Acres

Lot Size Source PublicRecords

Pool Charge 0.0

Number of Separate Water Meters 6

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Laundry Features Inside

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 3444

* Excluded Features

List By

Le Investment Group

Broker

(909) 256-7889

Phone

Affordability Calculator

$8,557

Per Month

Monthly Principal & Interest: $8,557
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Highland, CA

Average List Price ^$1,245,817

Percent of Sale Price 2%

About Highland, CA

54,574 Population

20% Since 2002

^$54,457 Median Income

33.03 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/26/2024	$1,125,000		Listed Price

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3444 3496 Rainbow, Highland, CA, 92346 is a Multi-Family Home for sale at $1,225,000 with 5,088 sqft and a lot size of 0.075. 3444 3496 Rainbow has 12 bedrooms, 2.1 baths, and was built in 1969. The property's zip code is 92346 which is in Highland, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/30/2024. 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.

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3444 3496 Rainbow

Multi-Family Home for sale in Highland, CA

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