PRICED TO SELL! Just listed in the highly sought-after community of Upland, priced competitively at $142k per unit. The subject property is comprised of 14 units spread over 8,451 rental square feet, on a spacious 15,400 square foot lot. The unit mix includes one 2-Bedroom/1-Bathroom unit, twelve 1-Bedroom/1-Bathroom units, and a Non-Conforming Studio. This property has been under the same ownership since its original construction, a testament to its long-term value and stability. Tenant amenities include an onsite gated pool, a laundry facility, and ample car-port parking, enhancing its attractiveness in a prime rental location. Additionally, there is significant potential for repositioning the property with an 80% upside in rental income available through strategic management and potential rent adjustments. One unit is currently vacant, offering an immediate opportunity for lease-up at market rate. Additionally, there is an onsite manager though not legally required, and could potentially serve as an additional vacancy to bring to market rate. Notably, all utilities are master metered, with the owner covering costs for water, trash, electricity, and gas, which could be reevaluated by a new investor to optimize operational efficiency. This is an ideal price point for the savvy investor experienced at repositioning value add properties. WE ARE ONLY ACCEPTING CASH OFFERS AT THIS TIME.
EXTREMELY RARE OPPORTUNITY in North Upland. Large Family home 2,800sf + 2 separate ADU's + 2 Car Converted Garage offers potential for 4 living quarters! Main house has a functional family floorplan with 4 bedrooms 3 bathrooms (primary suite on 2nd floor), updated kitchen and bathrooms, attached 3 car garage has 2 car section converted to office/living space with A/C & heating, 3rd car garage for parking. The backyard has a massive covered patio along with a sparkling pool & spa on a 15,000sf lot. Oversized driveway and concrete offers plenty of off-street parking plus a detached building that consists of an RV garage and 2 ADU units (2 level configuration each unit approximate 420sf). Each unit is studio style with living area, kitchen, bathroom, separate entrances and heating/cooling. The bottom unit has an additional half bath can be used for pool bathroom or parties. Excellent interior neighborhood location north of the 210. This property is an owner/investor's dream with limitless opportunities for home office/small business, mutigenerational living, rental income from ADU's, store toys and have all the amenities of a great SFR family home. Units and RV garage are one building, potential to expand the units within the existing structure to double their size if RV garage is not desired. Previous owner was a building contractor and constructed the units & RV garage approximately 1991 with permits. In total there are 6 bedrooms, 5 and 1/2 baths plus the 2 car garage conversion area that are living area. Total approximate livable area is 4,020sf
Courtesy: REALTY WORLD ALL STARS
Exceptional Upland 4-Plex Property: A Unique Investment Opportunity In the realm of real estate, finding a property that seamlessly combines practicality with potential is a rare delight. The exceptional Upland 4-plex property stands out as one such opportunity, boasting a unique configuration that caters to a variety of residential needs. With each unit featuring two bedrooms and 1.5 baths. One of the distinguishing features of this 4-plex is its thoughtful design, which includes separate electric and gas meters for each unit. A single central water heater serves the entire building, ensuring efficient operation and reduced maintenance costs. The inclusion of an assigned covered detached parking garage for each unit further adds to the appeal, providing tenants with the security and convenience they desire. The communal coin-operated laundry machine serves as a practical amenity, catering to the needs of all residents while minimizing the space and energy required for individual laundry setups. This communal aspect fosters a sense of community among tenants while promoting an efficient use of resources. Significantly, the property is Section 8 approved, which opens the door to a wider pool of potential tenants. Three of the four units are currently leased, providing immediate rental income for the savvy investor. Meanwhile, the owner occupies the fourth unit, which may be possible for lease back or vacate upon the sale, allowing the new buyer the flexibility to either occupy it or lease it out. Investing in this Upland 4-plex is not merely a financial decision; it is an opportunity to take pride in ownership while contributing positively to the community. In conclusion, the exceptional Upland 4-plex property stands as a testament to thoughtful investment in real estate. With its well-designed units, practical amenities, and the opportunity to generate immediate income it represents a rare find in today’s market. As the demand for quality rental properties continues to rise, this 4-plex offers a promising avenue for investors looking to make a meaningful impact while securing their financial future. Whether for personal use or as a rental property, this investment is poised to deliver both immediate and long-term rewards.
Courtesy: COLDWELL BANKER BLACKSTONE RTY
Back on the market. Agents see remarks Welcome to 845 N 5th Ave and 845 1/2 N 5th Ave. This unique property features two separate homes on one lot, each with it's own driveway and yards. This setup offers the ideal blend of privacy and shared space, perfect for extended families, rental income, or dual living arrangements. Each home provides ample room and it's own outdoor area, giving flexibility and comfort of separate residences on a single lot. The front home offers old world charm. Features 4 bedroom 2 bathrooms. Unique architectural details, hardwood flooring bringing warmth and personality to every room. Total approx. sq. footage 1244 While the front house exudes old world charm the back house boast more of a modern design. Also 4 bedroom 2 baths with a great room, This contrast provides a unique appeal. Perfect open concept Dining room, Family room off the kitchen. It's complete upgrades include, New kitchen with quartz counter tops, New cabinets, New Hardwood flooring, New Upgraded Carpeting, New A/C. Over sized Carport. Total approx. sq. footage 1739
Courtesy: KELLER WILLIAMS EMPIRE ESTATES
Actual rent is $113,040/yr. Great location with huge lot. Rent is below market can be increased in this month. All 2 bedrooms and 1 bathroom. Big lot may build additional ADU or units. The buyer must verify with City. Convenient location closed shopping center, school, freeway and supermarket. Built in 1979. Each unit has 1 car garage with 1 parking space. No local rent control.
Upland is located in California. Upland, California has a population of 78,624. Upland is less family-centric than the surrounding county with 28.98% of the households containing married families with children. The county average for households married with children is 33.94%.
The median household income in Upland, California is $82,259. The median household income for the surrounding county is $70,287 compared to the national median of $69,021. The median age of people living in Upland is 37.7 years.
The average high temperature in July is 92.2 degrees, with an average low temperature in January of 42.7 degrees. The average rainfall is approximately 21 inches per year, with 0 inches of snow per year.
