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Home / Apartment buildings / Past sales / Highland Apartments – 1620 East Pender Street, East Vancouver

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Highland Apartments

1620 East Pender Street, East Vancouver

SOLD $890,000

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Price$959,000

Units12

Year built1968

Lot size61' X 132' (8,052 sq. ft.)

ZoningRM-4

Price/unit$79,000

Cap rate7.4%

GIM10.4

PID015-165-558

Legal descriptionLot A of 1-4, Blk 13 of C, DL 36, Plan 631

Sale price$890,000

Sale date01/01/2004

Overview

Highland Apartments is a 12 suite, 3 storey frame apartment building in good condition. Located in the Grandview area; one block south of East Hastings and one block west of Commercial Drive.

Improvements

Built in 1968, Highland Apartments features balconies/patios and hardwood floors for each suite. The property is in a good state of repair, with excellent tenants. There are a total of 9 parking stalls ( 2 secure, 7 open); currently tenants are not being charged any parking fee. Full storage lockers available for each tenant. Washer/Dryer machines owned by building.

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	No. units
One Bedroom	No. units11
Three Bedroom	No. units1

Financials

Financing	Treat as clear title.
Assessment 2003	Land Building Total	Land$543,000 Building$169,000 Total$712,000
Taxes 2003	$5,132.24
Income and expenses	Effective gross Operating expenses Net operating income	Effective gross$92,640 Operating expenses(21,845) Net operating income$70,795
Notes	Income annualized as of December 2003. For rent roll and financial statement, click here.

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.