540 W Arrow, Upland, CA 91786
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Listed Price :
$1,850,000
-
Beds :
N/A
-
Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1960
Property Description
PRICED TO SELL! Just listed in the highly sought-after community of Upland, priced competitively at $142k per unit. The subject property is comprised of 14 units spread over 8,451 rental square feet, on a spacious 15,400 square foot lot. The unit mix includes one 2-Bedroom/1-Bathroom unit, twelve 1-Bedroom/1-Bathroom units, and a Non-Conforming Studio.
This property has been under the same ownership since its original construction, a testament to its long-term value and stability. Tenant amenities include an onsite gated pool, a laundry facility, and ample car-port parking, enhancing its attractiveness in a prime rental location. Additionally, there is significant potential for repositioning the property with an 80% upside in rental income available through strategic management and potential rent adjustments.
One unit is currently vacant, offering an immediate opportunity for lease-up at market rate. Additionally, there is an onsite manager though not legally required, and could potentially serve as an additional vacancy to bring to market rate. Notably, all utilities are master metered, with the owner covering costs for water, trash, electricity, and gas, which could be reevaluated by a new investor to optimize operational efficiency. This is an ideal price point for the savvy investor experienced at repositioning value add properties. WE ARE ONLY ACCEPTING CASH OFFERS AT THIS TIME.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
540 W Arrow |
| City |
Upland |
| State |
CA |
| Zip |
91786 |
| County |
San Bernardino |
| Listing Agent |
Kristopher German DRE #01800021 |
| Co-Listing Agent |
Cheryleigh Aday DRE #00974722 |
| Courtesy Of |
RE/MAX 2000 REALTY |
| List Price |
$1,850,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
15,400 |
| Year Built |
1960 |
Listing information courtesy of: Kristopher German, Cheryleigh Aday, RE/MAX 2000 REALTY. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 25th, 2024 at 8:21 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
