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Listed by Margaret Sun • Berkshire Hathaway Home Service
$ 3,100,000
Est. payment /mo
New
120 N 13th AVE Upland, CA 91786
0.38 Acres Lot
UPDATED:
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
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