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$ 3,100,000
Est. payment | /mo
8 Beds
0.38 Acres Lot
$ 3,100,000
Est. payment | /mo
8 Beds
0.38 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25232778
Bedrooms 8
Lot Size 0.375 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
6.28% Cap Rate Strong Cash Flow with Approx. $240,000 Annual Gross Income. 6 Units are Townhome Style, 3 units with their private patios Exceptional investment opportunity in the highly desirable city of Upland! Built in 1986, this well-maintained two-story, 9-unit multifamily property offers a strong mix of spacious two-bedroom unitsincluding six townhome-style units with 1.5 baths( 3- townhome style unit has private patio) and three upper-level units with 1 bath. Each residence is equipped with central AC and a dedicated 1-car garage for added convenience. Residents enjoy onsite laundry facilities and 10 additional surface parking spaces, for a total of 19 parking spots. All units are separately metered for gas and electricity, with water being master-metered. The property is fully occupied with long-term, reliable tenants and strong in-place rents, generating approximately $240,000 in annual gross income and offering a 6.28% cap rate with low operating expenses. Situated in a prime location near schools, shopping, historic Downtown Upland, and public transit, this asset presents stable cash flow and long-term appreciation potential. Drive-by onlyplease do not disturb tenants. Property to be sold AS IS, with interior access granted upon an accepted offer. Seller did improvements include: roof, AC units, and water heaters.
Location
State CA
County San Bernardino
Zoning Assessor
Direction E. Of Euclid Ave; S of Foothill Blvd
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 1046532140000
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Margaret Sun Coldwell Banker Envision
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
10085 Carroll Canyon Rd Suite 100, San Diego, California, 92131, USA