Upland, CA 91786,540 W Arrow
See all 8 photos
Upland, CA 91786,540 W Arrow
Upland, CA 91786,540 W Arrow
Upland, CA 91786,540 W Arrow
Upland, CA 91786,540 W Arrow

$2,100,000

Est. payment /mo

$1,850,000

13.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

540 W Arrow Upland, CA 91786

0.35 Acres Lot

SOLD DATE : 12/30/2024

Key Details

Sold Price $2,100,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRCV24237138

Sold Date 12/30/24

Originating Board California Regional MLS

Year Built 1960

Lot Size 0.354 Acres

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 s

Location

State CA

County San Bernardino

Area 690 - Upland

Interior

Laundry Laundry Area

Exterior

Parking Features Carport

Pool Pool - Yes

Building

Water District - Public

Others

Tax ID 1046341190000

Special Listing Condition Not Applicable

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


MLS Listing IDX PLUS
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Kristopher German
agent

Luis Vasquez

Agent | License ID: 02083319

+1(650) 200-8722

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.