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13537 5th St 16 Unit Apartment Building $4,500,000 ($281,250/Unit) 6.06% Cap Rate Yucaipa, CA 92399
INVESTMENT HIGHLIGHTS
- Highly Sought After Senior 62+ Active Living Investment Opportunity Brought to Market During the Largest Aging Shift in US History
- Eight Individual Single-Story Duplexes on One Lot Featuring 50% One-Bedroom/One-Bathroom Units and 50% Two-Bedroom/Two-Bathroom Units
- Private Off-Street Parking, Solar Panels to Help Off-Set Tenant’s Electricity, Lush Drought-Tolerant Landscaping, and Enclosed Trash Bins
- Brand New 2024 Construction, Fully Occupied Single Story Development is Superbly Designed to Cater to the Senior Community
- Units Feature Spacious Private Yards, Quartz Countertops in Kitchen & Bathroom, Gas Stoves, Built in Microwave Range, Vinyl Plank Flooring
- Great Long-Term Investment with Non-Rent Controlled Units, Minimal Maintenance, Tenant Paid Gas & Electricity, and a 6.06% Cap Rate
EXECUTIVE SUMMARY
CBRE, Inc. is proud to present a rare opportunity to acquire a brand-new, Active Living 62+ Senior Living Apartment Community at 13537 5th St in Yucaipa, CA. This exceptional offering is strategically positioned to capitalize on the thriving Inland Empire market and Yucaipa’s forward-thinking growth. The property features an ideal and evenly split unit mix, with eight 1-bedroom/1- bathroom units and eight 2-bedroom/2-bathroom units, a desirable combination perfectly suited for the local Active Living 62+ senior rental market. As new construction, the property requires no deferred maintenance or costly capital expenditures for years to come. With installed solar panels, the building is designed for long-term value, providing a sustainable, eco-friendly option that significantly reduces utility costs.
A Dynamic Location with Unmatched Growth
Yucaipa is a city on the rise, actively pursuing new business and commercial development that is building on its strong foundation. The community is already well-served by quality healthcare and educational facilities, which are being further complemented by this strategic growth. This focus on progress is perfectly balanced by the area’s natural and recreational advantages, with the beauty of the San Bernardino Mountains just a short drive away, and world-class entertainment available nearby at the Yaamava’ Resort & Casino. This location offers a quiet, balanced lifestyle that is highly sought after by the senior living community, providing proximity to essential services while maintaining a serene environment.
Day-One Returns with Clear Growth Potential
This property offers investors immediate returns, with current rents already performing near market rates. While providing stable cash flow from day one, it also presents a clear opportunity for future income growth as the local market continues to strengthen. Whether you’re a first-time investor, a seasoned professional looking to expand your portfolio, or considering a 1031 Exchange, this asset offers exceptional stability and enduring value in one of Southern California’s most dynamic markets, tapping into the robust and growing demand for senior housing.
A Dynamic Location with Unmatched Growth
Yucaipa is a city on the rise, actively pursuing new business and commercial development that is building on its strong foundation. The community is already well-served by quality healthcare and educational facilities, which are being further complemented by this strategic growth. This focus on progress is perfectly balanced by the area’s natural and recreational advantages, with the beauty of the San Bernardino Mountains just a short drive away, and world-class entertainment available nearby at the Yaamava’ Resort & Casino. This location offers a quiet, balanced lifestyle that is highly sought after by the senior living community, providing proximity to essential services while maintaining a serene environment.
Day-One Returns with Clear Growth Potential
This property offers investors immediate returns, with current rents already performing near market rates. While providing stable cash flow from day one, it also presents a clear opportunity for future income growth as the local market continues to strengthen. Whether you’re a first-time investor, a seasoned professional looking to expand your portfolio, or considering a 1031 Exchange, this asset offers exceptional stability and enduring value in one of Southern California’s most dynamic markets, tapping into the robust and growing demand for senior housing.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$397,200
|
$30.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,916
|
$0.90
|
| Effective Gross Income |
$385,284
|
$29.12
|
| Taxes |
$52,459
|
$3.96
|
| Operating Expenses |
$60,211
|
$4.55
|
| Total Expenses |
$112,670
|
$8.51
|
| Net Operating Income |
$272,614
|
$20.60
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $397,200 |
| Annual Per SF | $30.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $11,916 |
| Annual Per SF | $0.90 |
| Effective Gross Income | |
|---|---|
| Annual | $385,284 |
| Annual Per SF | $29.12 |
| Taxes | |
|---|---|
| Annual | $52,459 |
| Annual Per SF | $3.96 |
| Operating Expenses | |
|---|---|
| Annual | $60,211 |
| Annual Per SF | $4.55 |
| Total Expenses | |
|---|---|
| Annual | $112,670 |
| Annual Per SF | $8.51 |
| Net Operating Income | |
|---|---|
| Annual | $272,614 |
| Annual Per SF | $20.60 |
PROPERTY FACTS
| Price | $4,500,000 | Apartment Style | Garden |
| Price Per Unit | $281,250 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.91 AC |
| Cap Rate | 6.06% | Building Size | 13,240 SF |
| Gross Rent Multiplier | 11.33 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Zoning | MF - Apartments | ||
| Price | $4,500,000 |
| Price Per Unit | $281,250 |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| Gross Rent Multiplier | 11.33 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.91 AC |
| Building Size | 13,240 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2024 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | MF - Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Oven
- Carpet
- Family Room
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Wheelchair Accessible
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $2,000 | 754 |
| 2+2 | 8 | $2,250 | 901 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,782,044 (2025) | |
| Land Assessment | $374,544 (2025) | Annual Taxes | $52,459 ($3.96/SF) |
| Improvements Assessment | $2,407,500 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$374,544 (2025)
Improvements Assessment
$2,407,500 (2025)
Total Assessment
$2,782,044 (2025)
Annual Taxes
$52,459 ($3.96/SF)
Tax Year
2024
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