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$3,870,000
WS22239000 MLS Active Under Contract Status
This 18-unit well maintained apartment is located in Upland, a beautiful City in the Southern California Inland Empire. Current cap rate is around 4.44%, rents are below market. It has an easy upside potential and the pro forma cap rate is around 5.68%. Just next to the prosperous Foothill Commercial corridor -- groceries, banks, restaurants, Walmart, Lowe’s, hospital, shopping malls, bus stations, etc., very close to the Historic Downtown Upland, library, farmer’s market and Metro Link station; walking distance to the Upland High School which has an 8 out of 10 of the California School Rank score. The property provides residents a very convenient and versatile Southern California life style. This tranquil garden style two-story property has ± 13,471 SF building situated on a ±22,443 SF lot, it was built in 1962. It has a good type of combination, five units of 3 beds + 1.5 baths, six units of 2 beds + 1 bath, four units of 1 bed + 1 bath, and three studios. 16 carport parking spaces (some can be tandem parking, the two studio units don’t have carport), with plenty of the alley and street parking spaces surrounding the property. Each unit has separated meters for electricity and gas, windows A/C. Laundry room (vendor owns washers and dryers), common area security cameras, roof has been changed last year. Fully occupied now. Easy access to FWY 10 and 210. This easy manage and value-add lucrative sizable multifamily asset is waiting for an investor who is looking to acquire a real estate with an attractive return and great appreciation over time! Drive by only, please do not disturb tenants or walk on the property, tenants do not know the sale. Inspection/walkthrough will be provided upon accepted offer. Email listing agent for more information.

889 N Laurel Avenue, Upland

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.

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