13537 5th St - Apartments FOR SALE


Yucaipa, CA 92399
$4,900,000 USD
909-298-1126
13537 5th St, Yucaipa, CA for Sale
$4,900,000 USD
Apartments - FOR SALE
1/21
null | 5.23% Cap Rate

13537 5th St
Yucaipa, CA 92399


HIGHLIGHTS

  • Newly Constructed in 2024 | No State-wide Rent Control
  • Current 5.2% Capitalization Rate
  • Eight Single-Story Duplexes
  • Solar Panels (Owned Free & Clear)
  • Central Air Conditioning | In-Unit Laundry Hookups | Private Patio
  • Individually Metered for Gas & Electricity | Individual Hot Water Heaters

OVERVIEW

Nara Advisors is proud to exclusively present the opportunity to acquire Elowyn Estates, a fully stabilized, newly constructed 16-unit senior living community located at 13537 5th Street in Yucaipa, California. Completed in December 2024, this turnkey multifamily investment consists of eight single-story duplexes situated on two adjacent parcels totaling 0.91 acres (39,720 square feet), with a combined building area of 13,232 square feet. Purpose-built for residents aged 62 and over, Elowyn Estates offers a well-balanced unit mix of eight one-bedroom/one-bathroom units and eight two-bedroom/two-bathroom units. The property currently delivers a strong 5.2% capitalization rate, presenting a low-risk, cash-flowing opportunity for investors seeking stability and long-term performance. Each unit at Elowyn Estates is thoughtfully designed with comfortable, modern features including central air conditioning, in-unit washer and dryer hookups, private patios, and assigned open parking. Interior finishes feature quartz countertops, recessed lighting, a mix of carpet and vinyl flooring, and brand-new, energy-efficient appliances. The property also emphasizes sustainability, with fully owned solar panels installed on all pitched roofs, ensuring renewable energy generation with no additional cost to residents or ownership. All units are individually metered for gas and electricity and include their own dedicated hot water heaters, further reducing operational overhead. The community is also landscaped with drought-tolerant, low-maintenance plantings, increasing the efficiency of property maintenance management. Located just under one mile from the Interstate 10 Freeway, Elowyn Estates benefits from excellent regional connectivity to both the Inland Empire and the Palm Desert area. The surrounding neighborhood is quiet and suburban, characterized by single-family homes and nearby parks, while still offering close proximity to daily essentials such as Stater Bros. Market, Tropicana Supermarket, and Dollar General. Residents also enjoy recreational access to I Street Park, which features softball fields, tennis and basketball courts, cabanas, and playgrounds. Just 2.5 miles away, The Scherer Community Center provides additional value to seniors in the area with a range of programs, including exercise classes, social events, and nutritional services. Elowyn Estates represents a rare opportunity to acquire a newly built, income-producing senior housing asset in a supply-constrained market, with both immediate stability and long-term upside.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

16

PRICE/UNIT

$306,250

CAP RATE

5.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elowyn Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

MF

APN/PARCEL ID

0319-233-58,0319-233-59

ASK ABOUT THIS PROPERTY

Joseph HamiltonNARA AdvisorsMore Info
909-298-1126

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Joseph HamiltonNARA AdvisorsMore Info
909-298-1126

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.