26674 Ward St 20 Unit Apartment Building $4,913,405 CAD ($245,670 CAD/Unit) 6.44% Cap Rate Highland, CA 92346

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.