120 13th Avenue, Upland, CA 91786
  • MLS#: AR25232778 ( Apartment )
  • Street Address: 120 13th Avenue
  • Viewed: 3
  • Price: $3,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 0
  • Days On Market: 28
  • Additional Information
  • County: SAN BERNARDINO
  • City: Upland
  • Zipcode: 91786
  • Provided by: Berkshire Hathaway Home Service
  • Contact: Margaret Margaret
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    6.28% Cap Rate Strong Cash Flow with Approx. $240,000 Annual Gross Income. 6 Units are Townhome Style, 3 units with their private patios 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 unitsincluding 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 onlyplease 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.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 8105.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 20
Electric Expense
  1. 485.13
Exclusions
  1. washer/dryer under leasing agreement
Fireplace Features
  1. None
Flooring
  1. Carpet
Fuel Expense
  1. 183.23
Garage Spaces
  1. 9.00
Gardner Expense
  1. 1800.00
Heating
  1. Central
Insurance Expense
  1. 4620.00
Laundry Features
  1. Common Area
Laundry Income
  1. 258.00
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 194549.00
Parcel Number
  1. 1046532140000
Parking Features
  1. Assigned
  2. Carport
Pool Features
  1. None
Professionalmanagementexpense
  1. 12020.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 448576368:CRM
Spa Features
  1. None
Totalactualrent
  1. 19775.00
Totalexpenses
  1. 45847.00
Trash Expense
  1. 3113.00
Uncovered Spaces
  1. 10.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
View
  1. None
Water Sewer Expense
  1. 7454.00
Water Source
  1. Public
Year Built
  1. 1986
Year Built Source
  1. Assessor