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$1,225,000   Price Analysis
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3444-3496 Rainbow
Highland, CA 92346
12 bed 10 bath 5,088 SqFt ($240/SqFt)
3,267SqFt lot. Built 1969
Listed 2024-02-26, Taxes $792
Ⓧ USDA Ineligible
due to price & location

near Highland

Le Investment Group is proud to present a unique investment opportunity a portfolio sale featuring a collection of six well maintained condominium units.

* Has Contingent Offer *

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 layut 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.


Presented by Albert Le at
Le Investment Group.


Property MLS #IV24039157 from CRMLS

Bedrooms: 12

Laundry Features: Inside

Full Bathrooms: 10

Additional Parcels Description: 1191-312-31-0000, 1191-312-23-0000, 1191-312-39-0000, 1191-312-19-0000, 1191-312-49-0000
Lot Size Acres: 0.075
Lot Size Source: Public Records
Lot Size Square Feet: 3267

Pool Features: Association

Garage Spaces: 6
Parking Total: 12

Association: Yes
Maintenance Expense: 4493.00

Number of Units: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 4

Number of Units Leased: 3
Vacancy Allowance: 6240
Rent Control: Yes

Community Features: Sidewalks

Source Listing Status: Active Under Contract
County: San Bernardino
Cap Rate: 7.44
Other Expense: 28800.00
Source Property Type: Residential Income
Insurance Expense: 3240.00
Area: 276 - Highland
Source Neighborhood: 276 - Highland
New Taxes Expense: 15117.00
Number of Separate Electric Meters: 6
Number of Separate Gas Meters: 6
Number of Separate Water Meters: 6
Parcel Number: 1191313450000
Professional Management Expense: 5990.00
Zoning: Condo
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$34,365 + $14,728
$49,093
$792
2021$33,691 + $14,439
$48,130
$789
2020$33,346 + $14,291
$47,637
$787
2019$32,692 + $14,011
$46,703
$768
2018$32,051 + $13,736
$45,787
$761
2017$31,423 + $13,467
$44,890
$738
2016$30,807 + $13,203
$44,010
$716
2015$30,344 + $13,005
$43,349
$578
2014$29,750 + $12,750
$42,500
$813
2013$54,930 + $18,311
$73,241
$986
2012$53,853 + $17,952
$71,805
$944
2011$52,797 + $17,600
$70,397
$920
2010$52,402 + $17,468
$69,870
$913
2009$52,526 + $17,509
$70,035
$893
2008$51,496 + $17,166
$68,662
$879
2007$50,486 + $16,829
$67,315
$842

Sold 2024-05-07
$198,000
Public Record
Price Changed 2024-02-28
$1,225,000
CRMLS
Listed 2024-02-26
$1,125,000
CRMLS
Sold 2022-03-25
$900,000
Public Record
Listing removed 2013-12-12
$48,000
CRMLS
Sold 2013-12-09
$42,500
Public Record
Price Changed 2013-10-30
$48,000
CRMLS
Relisted 2013-09-23
$50,000
CRMLS
Listing removed 2013-09-19
$50,000
CRMLS
Relisted 2013-08-21
$50,000
CRMLS
Listing removed 2013-08-17
$50,000
CRMLS
Listed 2013-07-31
$50,000
CRMLS
Sold 1990-10-12
$50,000
Public Record

Net Operating Income: 91171.00

Total Square Feet Living: 5088
Year Built: 1969
Building Features: 6
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Property Age: 55
Property Attached: Yes
Levels or Stories: Multi/Split
Building Total Stories: 2
Structure Type: Condominium
Year Built Source: Public Records

Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

Oehl Elementary School is a public elementary school located approximately 0.6 miles away.
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Serrano Middle School is a public middle school located approximately 0.9 miles away.
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San Gorgonio High School is a public high school located approximately 1.5 miles away.
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The Education Center is a private elementary, middle and high school located approximately 0.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.