120 N 13th AVE new Save Request In-Person Tour Request Virtual Tour
Upland,CA 91786
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25232778
Year Built 1986
Lot Size 0.375 Acres
Source California Regional MLS
Property Description
6.28% Cap Rate - Strong Cash Flow with Approx. $240,000 Annual Gross Income 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 improvements include: roof, AC units, and water heaters.
Location
State CA
County San Bernardino
Area 690 - Upland
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces,Carport
Garage Spaces 19.0
Pool 31,None
View None
Building
Water District - Public
Others
Tax ID 1046532140000
Special Listing Condition Not Applicable