26674 Ward Street
Highland, CA 92346
For Sale
16,120 sqft
Sale Price
$3,500,000
Brochure
Property Website
Map
Multifamily For Sale - Available July 2026
Prime 20-Unit Multifamily Asset in Highland | 6.44% Cap Rate
Well-maintained 20-unit multifamily community in a prime Highland rental location.
Turn-key opportunity featuring extensively renovated units with quartz counters, new cabinetry, stainless appliances, and vinyl plank flooring.
Desirable unit mix consisting of one-, two-, and three-bedroom floor plans.
Attractively priced at just $175,000 per unit and $217 per square foot.
Offered at a 6.44% current cap rate and a 7.55% pro forma cap rate.
Opportunity to capture 11% rental upside by raising rents to market rates.
±25,900 SF lot with ±16,120 SF of rentable space, averaging a generous 800 SF per unit.
Units feature modern ceiling fans, wall AC and heating, walk-in closets, linen closets, and ample storage space.
Property highlights include a freshly painted exterior, gated entry, secured courtyard, and on-site laundry.
Direct connectivity to the 210, 10, and 215 Freeways places residents minutes from major employment, retail, and entertainment corridors.
Located near major regional employers including Dignity Health, Loma Linda University Medical Center, CSUSB, University of Redlands, and Yaamava’ Resort & Casino.
Close proximity to the San Bernardino Downtown Metrolink Station provides direct access to Los Angeles Union Station.
Get in touch
Eric Chen
Lic: 01489184
Blake Torgerson
Lic: 01919955
CBRE is pleased to exclusively present a stabilized multifamily investment opportunity at 26674 Ward Street in Highland, CA, offering a strong in-place income stream in the heart of the Inland Empire.
This well-maintained 20-unit asset is strategically positioned near San Bernardino International Airport, California State University San Bernardino, and Yaamava’ Resort & Casino — one of the region’s largest employers and entertainment destinations. With direct access to the 210, 10, and 215 Freeways, the property offers residents unparalleled connectivity across the Inland Empire and greater Southern California. Currently generating a 6.44% cap rate with a 7.55% pro forma cap rate and 11% rental upside, the asset is offered at a compelling $175,000 per unit — an exceptional entry point for today’s market.
Property Highlights
Situated on a ±25,900 SF lot, the property features ±16,120 SF of rentable space across extensively renovated apartment homes averaging 800 SF — a practical floor plan well-suited to the area’s working-class, long-term renter base. Select units have undergone comprehensive interior upgrades, including updated kitchens with quartz countertops, new cabinetry, and stainless steel appliances, fully remodeled bathrooms featuring contemporary tile surrounds and fixtures, new luxury vinyl wood plank flooring throughout, and fresh interior paint. The diverse unit mix includes 1-bedroom/1-bathroom, 2-bedroom/1-bathroom, and 3-bedroom/2-bathroom floor plans, each complemented by modern ceiling fans, wall air conditioning and heating, walk-in closets, linen closets, and storage space. Common area amenities include an on-site laundry facility, gated entry, covered and surface parking within a secured courtyard, and a freshly painted exterior with mature landscaping that enhances the property’s curb appeal.
Strategic Location & Connectivity
Highland serves as a vital hub within the Inland Empire, offering a sophisticated suburban feel with true urban accessibility. Residents benefit from proximity to the San Bernardino Downtown Metrolink Station, providing seamless connectivity to Los Angeles Union Station — a transit-oriented advantage that enables effortless commuting to major employment centers across Los Angeles and San Bernardino Counties.
Thriving Economy & Top Employers
Highland’s economy is anchored by a powerful mix of healthcare, education, hospitality, and logistics. The area’s most prominent employers include Dignity Health Community Hospital, Loma Linda University Medical Center, California State University San Bernardino, the University of Redlands, and Yaamava’ Resort & Casino. Tucked between San Bernardino and the San Bernardino National Forest, Highland offers the breathing room rarely found elsewhere in Southern California — where mountain access, walkable shopping corridors along Base Line Street and Highland Avenue, and proximity to major freeways create a lifestyle that attracts and retains a consistent, diverse tenant base.
Stabilized Investment Opportunity
26674 Ward Street is a stable income-producing asset in the Inland Empire, promising a strong return on investment. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
This well-maintained 20-unit asset is strategically positioned near San Bernardino International Airport, California State University San Bernardino, and Yaamava’ Resort & Casino — one of the region’s largest employers and entertainment destinations. With direct access to the 210, 10, and 215 Freeways, the property offers residents unparalleled connectivity across the Inland Empire and greater Southern California. Currently generating a 6.44% cap rate with a 7.55% pro forma cap rate and 11% rental upside, the asset is offered at a compelling $175,000 per unit — an exceptional entry point for today’s market.
Property Highlights
Situated on a ±25,900 SF lot, the property features ±16,120 SF of rentable space across extensively renovated apartment homes averaging 800 SF — a practical floor plan well-suited to the area’s working-class, long-term renter base. Select units have undergone comprehensive interior upgrades, including updated kitchens with quartz countertops, new cabinetry, and stainless steel appliances, fully remodeled bathrooms featuring contemporary tile surrounds and fixtures, new luxury vinyl wood plank flooring throughout, and fresh interior paint. The diverse unit mix includes 1-bedroom/1-bathroom, 2-bedroom/1-bathroom, and 3-bedroom/2-bathroom floor plans, each complemented by modern ceiling fans, wall air conditioning and heating, walk-in closets, linen closets, and storage space. Common area amenities include an on-site laundry facility, gated entry, covered and surface parking within a secured courtyard, and a freshly painted exterior with mature landscaping that enhances the property’s curb appeal.
Strategic Location & Connectivity
Highland serves as a vital hub within the Inland Empire, offering a sophisticated suburban feel with true urban accessibility. Residents benefit from proximity to the San Bernardino Downtown Metrolink Station, providing seamless connectivity to Los Angeles Union Station — a transit-oriented advantage that enables effortless commuting to major employment centers across Los Angeles and San Bernardino Counties.
Thriving Economy & Top Employers
Highland’s economy is anchored by a powerful mix of healthcare, education, hospitality, and logistics. The area’s most prominent employers include Dignity Health Community Hospital, Loma Linda University Medical Center, California State University San Bernardino, the University of Redlands, and Yaamava’ Resort & Casino. Tucked between San Bernardino and the San Bernardino National Forest, Highland offers the breathing room rarely found elsewhere in Southern California — where mountain access, walkable shopping corridors along Base Line Street and Highland Avenue, and proximity to major freeways create a lifestyle that attracts and retains a consistent, diverse tenant base.
Stabilized Investment Opportunity
26674 Ward Street is a stable income-producing asset in the Inland Empire, promising a strong return on investment. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Covering 20,105 square miles, San Bernardino County is America’s largest county and a diverse public service organization governed by an elected Board of Supervisors and serving a community of nearly 2.2 million residents. San Bernardino County is comprised of more than 40 departments and agencies staffed by more than 25,000 public service professionals providing a wide range of vital services in areas that include public safety, health and human services, economic development, housing, recreation, and culture. San Bernardino County offers a variety of job opportunities in fields such as healthcare, public safety, and technology. Given San Bernardino County’s location and relative housing affordability in Southern California, it has become a substantial supplier of housing and construction-related jobs, which are a key employment sectors for the region.
Located next to the San Bernardino National Forest, Highland is a residential community in the San Bernardino Valley offering endless recreational opportunities. It’s located on a narrow strip of foothills that extend west from the Santa Ana River Trail. Highland offers a variety of housing options and private recreation facilities. Highland has a sparse suburban feel, highly rated public schools and a low crime rate. It provides residents with excellent parks, quality community services, and considerable business park, retail and residential development. One of the most significant new projects is the Highland Crossing shopping center in the Golden Triangle area of the city. It has welcomed many big box retail stores to its planned 1.2 million square feet of new retailtainment, which has generated a dynamic new shopping experience for the community. The Yaamava’ Resort & Casino and its new hotel and casino expansion project provides a significant employment base for the region. In addition, Highland has a vision for a new tech park with room for industrial innovations along its Third and Fifth Street corridors north of the San Bernardino International Airport. Offering a wide-range of exceptional community services that help augment the city’s outstanding quality of life, Highland has more than 160 acres of public and private active parks, nature trails, and a community centers making the city a great opportunity for investors and developers.
Located next to the San Bernardino National Forest, Highland is a residential community in the San Bernardino Valley offering endless recreational opportunities. It’s located on a narrow strip of foothills that extend west from the Santa Ana River Trail. Highland offers a variety of housing options and private recreation facilities. Highland has a sparse suburban feel, highly rated public schools and a low crime rate. It provides residents with excellent parks, quality community services, and considerable business park, retail and residential development. One of the most significant new projects is the Highland Crossing shopping center in the Golden Triangle area of the city. It has welcomed many big box retail stores to its planned 1.2 million square feet of new retailtainment, which has generated a dynamic new shopping experience for the community. The Yaamava’ Resort & Casino and its new hotel and casino expansion project provides a significant employment base for the region. In addition, Highland has a vision for a new tech park with room for industrial innovations along its Third and Fifth Street corridors north of the San Bernardino International Airport. Offering a wide-range of exceptional community services that help augment the city’s outstanding quality of life, Highland has more than 160 acres of public and private active parks, nature trails, and a community centers making the city a great opportunity for investors and developers.
Total Space Available
16,120 sqft
Sale Price
$3,500,000
Amenity
Yaamava' Resort Casino
Entertainment
3.1 miles
8 min.
/drive
Cal State San Bernardino
University
12.1 miles
15 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Blake Torgerson
Lic: 01919955