120 N 13th AVE Upland, CA 91786
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25232778
HOA Y/N No
Year Built 1986
Lot Size 0.375 Acres
Property Sub-Type Apartment
Property Description
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 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
Cooling Central Air
Flooring Carpet
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned, Carport
Garage Spaces 9.0
Garage Description 9.0
Pool None
Community Features Street Lights
Utilities Available Electricity Connected, Natural Gas Connected
View Y/N No
View None
Total Parking Spaces 19
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 1046532140000
Energy Description 183.23
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
MORTGAGE CALCULATOR
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Chrystal & David Schoenbrun
Realtor/Broker Associate | License ID: 01409474 & 01761327