1232 W 11th, Upland, CA 91786

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List Price
$1,475,000
Status
ACTIVE
MLS#
AR26222933
Year Built
1964
Lot Size
7,767
Acres
0.18
Lot Location
2-5 Units/Acre
Days on Market
3
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Levels

Property Description

Rare opportunity to acquire two adjacent fourplexes (1226 W 11th St and 1232 W 11th St) totaling 8 residential units on two separate parcels with two APNs in Upland, CA. Located just one block south of Foothill Blvd, these properties are being sold together, offering investors the opportunity to expand their multifamily portfolio with two neighboring income-producing assets. Residential financing is available for each property individually. All 8 units feature a desirable 2-bedroom, 1.5-bathroom floor plan. Each unit is separately metered for electricity and gas, while a central 100-gallon water heater services each fourplex. The landlord is responsible for water, sewer, and trash expenses. Both properties offer on-site laundry facilities operated by a third-party laundry company, providing added convenience for tenants. The two laundry rooms also have its own separate gas and electric meters. Additional features include front and rear privacy gates, a sprinkler system in the front and courtyard, and rear alley access for added convenience. Parking includes four garages per fourplex. Tenant storage areas are also provided within the garages. All tenants are currently on month-to-month leases. Three (3) units can be delivered vacant at Close of Escrow.

Additional Information

Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$115,800
Operating Expense
22230

Listing courtesy of Listing Agent: Donald La (donald@atlasgrouprealty.com) from Listing Office: EXP REALTY.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.