13537 5TH, YUCAIPA CA 92399
- 13,232 sq.ft.
- 39,640 sq.ft. lot
Property Description
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.
Listing Courtesy of Douglas McCauley, MARCUS & MILLICHAP
Exterior Features
Use of this site means you agree to the Terms of Use
Based on information from California Regional Multiple Listing Service, Inc. as of January 30, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
