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$4,900,000
Est. payment /mo
0.91 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25114397
HOA Y/N No
Year Built 2024
Tax Year 2024
Lot Size 0.912 Acres
Property Sub-Type Multi Family
Property Description
Nara Advisors is pleased to present Elowyn Estates, a newly constructed 16-unit multifamily property located at 13537 5th Street in Yucaipa, California. Completed in December 2024, this stabilized investment opportunity with a 5.81% capitalization rate consists of eight single-story duplexes situated on two adjacent parcels totaling 0.91 acres (39,720 SF), with a total building area of 13,232 square feet. Purpose-built for age restricted housing, the property features a balanced mix of eight one-bedroom/one-bathroom units and eight two-bedroom/two-bathroom units.
Designed with modern conveniences and energy efficiency in mind, each unit includes central air conditioning, in-unit washer/dryer hookups, private patios, and assigned open parking. Interior finishes feature quartz countertops, recessed lighting, energy-efficient appliances, and a combination of vinyl and carpet flooring. Fully owned solar panels have been installed on all pitched roofs, providing on-site renewable energy generation. Each unit is individually metered for gas and electricity and includes a dedicated water heater, helping to reduce operational expenses.
Located less than one mile from Interstate 10, the property offers strong regional connectivity throughout the Inland Empire and toward the Coachella Valley. The surrounding neighborhood is predominantly residential and suburban, with nearby parks and access to essential retail including Stater Bros. Market, Tropicana Supermarket, and Dollar General. I Street Park is located nearby and features tennis and basketball courts, softball fields, and playgrounds. The Scherer Community Center, located approximately 2.5 miles away, offers a range of community services and programming.
Elowyn Estates offers a recently completed, income-producing asset with stable tenancy, quality construction, and attractive long-term fundamentals in a high-demand rental market.
Designed with modern conveniences and energy efficiency in mind, each unit includes central air conditioning, in-unit washer/dryer hookups, private patios, and assigned open parking. Interior finishes feature quartz countertops, recessed lighting, energy-efficient appliances, and a combination of vinyl and carpet flooring. Fully owned solar panels have been installed on all pitched roofs, providing on-site renewable energy generation. Each unit is individually metered for gas and electricity and includes a dedicated water heater, helping to reduce operational expenses.
Located less than one mile from Interstate 10, the property offers strong regional connectivity throughout the Inland Empire and toward the Coachella Valley. The surrounding neighborhood is predominantly residential and suburban, with nearby parks and access to essential retail including Stater Bros. Market, Tropicana Supermarket, and Dollar General. I Street Park is located nearby and features tennis and basketball courts, softball fields, and playgrounds. The Scherer Community Center, located approximately 2.5 miles away, offers a range of community services and programming.
Elowyn Estates offers a recently completed, income-producing asset with stable tenancy, quality construction, and attractive long-term fundamentals in a high-demand rental market.
Location
State CA
County San Bernardino
Area 269 - Yucaipa/Calimesa/Oak Glen
Building/Complex Name Elowyn Estates
Interior
Cooling Central Air
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Exterior
Present Use Investment
Building
Lot Description Level, Rectangular Lot, Street Level
Story 1
Water Public
Others
Tax ID 0319233590000
Special Listing Condition Standard
Read Less Info
Listed by JOSEPH HAMILTON • Nara Advisors, Inc. • 909-272-7933
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