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Listed by Margaret Sun • Berkshire Hathaway Home Service
$3,100,000
Est. payment /mo
8,105 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,105 sqft
Price per Sqft $382
MLS Listing ID CRAR25232778
HOA Y/N No
Year Built 1986
Lot Size 0.375 Acres
Property Sub-Type Other
Source Datashare California Regional
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 units-including 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 only-please do not disturb tenants. Property to be sold AS IS, with interior access granted upon an accepted offer. Seller did impro
Location
State CA
County San Bernardino
Interior
Heating Other
Cooling Central Air
Flooring Carpet
Fireplace No
Laundry Other
Exterior
View None
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