7443 Elm Street
Description
7443 Elm Street is a stable income-producing asset in the Inland Empire, promising a strong return on investment. Whether you’re 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.
- Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717
Property Details for 7443 Elm Street
Property Details for 7443 Elm Street
| Status | Active |
|---|---|
| MLS # | CV24241302 |
| Days on Market | 25 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1964 |
| County | San Bernardino County |
Building Information for 7443 Elm Street
Property Information for 7443 Elm Street
- Gross Income: $445,827
- Gross Scheduled Income: $445,827
- Vacancy Allowance: 22291
- Gross Operating Income: $423,536
- Net Operating Income: $267,294
- Laundry Income: $2,194
- Other Income 1: $13,590
- Other Income 2: $2,063
- Gross Multiplier: 9.2
- Cap Rate: 6.52
- Operating Expense: $156,242
- New Taxes Expense: $51,277
- Gardener Expense: $1,230
- Fuel Expense: $542
- Pest Control Expense: $1,422
- Security Expense: $75
- Electric Expense: $3,125
- Insurance Expense: $13,000
- Maintenance Expense: $20,000
- Professional Management Expense: $34,136
- Other Expense: $4,000
- Other Expense Description: Reserves
- Trash Expense: $10,188
- Water Sewer Expense: $15,926
- Supplies Expense: $475
- Total Expenses: $156,242
- Tax Area: 018-142
- Tax Year: 2023
- Tax Annual Amount: $31,224
- Tax Block: 51
- Tax Tract Number: 006402
- CFD/Mello-Roos Fee: $0
- Tax Lot: 12
- Community Features: Curbs, Sidewalks
- Laundry: Yes
- Laundry Features: Common Area
- Cooling: Wall/Window Unit(s)
- Heating Type: Wall
- Heating: Wall Furnace
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Lot Features: 16-20 Units/Acre
- Number Of Units: 20
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 20
- Unit Type Units Total: 18
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,773
- Unit Type Total Rent: $383,004
- Unit Type Pro Forma: 1950
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,874
- Unit Type Total Rent: $44,976
- Unit Type Pro Forma: 2000
- Unit Type Type: 2
- Number Of Units Leased: 20
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 20
- Number Of Separate Gas Meters: 20
- Number Of Separate Water Meters: 1
Property History for 7443 Elm Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7443 Elm Street
Schools near 7443 Elm Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 5 |
Rating | School | Distance |
|---|---|---|
Warm Springs Elementary School PublicK to 6 | ||
Del Vallejo Middle School Public6 to 8 | ||
Indian Springs High Public9 to 12 | ||
iEmpire Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.