Keegan Cin | Realtor® | License # DRE 01971604

Property

Yucaipa, CA 92399 13537 5th

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Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776
  • MLS# CV25022496
  • 01/30/2025
  • Request Tour
  • Request Info
  • Beds • 24
  • Baths • 3
  • SQFT • 13,232
  • Year Built • 2024

Home Details

We are proud to exclusively present the opportunity to acquire Elowyn Estates, a premier retirement community situated at 13537 5th Street in Yucaipa, California. Completed in December 2024, this newly constructed 16-unit multifamily investment property is positioned on two adjacent parcels totaling 0.91 acres (39,720 square feet). The property consists of eight single-story duplexes, encompassing a total building area of 13,232 square feet. Elowyn Estates is designed as a senior 55+ community and offers a well-balanced unit mix, featuring eight one-bedroom/one-bathroom units and eight two-bedroom/two-bathroom units. Each residence is equipped with a range of modern amenities, including central air conditioning, in-unit washer/dryer hookups, a private patio, and assigned open parking. Interior finishes are highlighted by quartz countertops, carpet and vinyl flooring, recessed lighting, and brand-new appliances. The property also boasts sustainable landscaping and fully owned solar panels installed on all pitched roofs, ensuring renewable energy at no additional cost. All units are individually metered for gas and electricity, and feature individual hot water heaters. Given the property’s status as a new development, there is a significant opportunity to adjust rental rates in line with current market trends, offering the potential for enhanced cash flow. Elowyn Estates benefits from an ideal location, situated less than one mile east of the Interstate 10 Freeway, providing convenient access to the Inland Empire and the Palm Desert. Set in a quiet, suburban neighborhood, the property is surrounded by single-family homes and local parks, while also being a short drive from essential services such as Stater Bros. Market, Tropicana Supermarket, and Dollar General. Residents can enjoy nearby I Street Park, which features softball fields, tennis courts, basketball courts, cabanas, and playgrounds. Additionally, The Scherer Community Center, located just 2.5 miles from the property, offers a wide array of senior programs, including exercise classes, group activities, and nutritional services.
Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776

Interior Features for 13537 5th

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Total Stories1

Other Rooms

Entry Level1

General for 13537 5th

Additional Parcels Description0319233590000
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.56
Carport Y/NNo
CityYucaipa
Community FeaturesSidewalks
CountySan Bernardino
DirectionsEast on County Line Rd exit from I-10, Left on 5th St
Electric Expense1200.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income393600.0
HOANo
Home Warranty Y/NNo
Insurance Expense9600.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet39639.6
Lot Size UnitsAcres
MLS Area269 - Yucaipa/Calimesa/Oak Glen
MaintenanceExpense11454.0
MobileHomeRemainsYNNo
Net Operating Income272675.0
New ConstructionNo
Number Of Units Total16
Operating Expense109117.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NYes
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot175
Taxes$56,203
Trash Expense4020.0
Water Sewer Expense12480.0
Waterfront Y/NNo
Year Built2024
Year Built SourceOther

Exterior for 13537 5th

Building Area Total13232.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.91
Lot Size Area0.91
Lot Size SourceOther
Number of Buildings8
Number of Separate Electric Meters17
Number of Separate Gas Meters17
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $4,900,000
MLS#CV25022496
List Date 01/30/2025
Property Type Multi-Family
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