Upland, CA 91786,540 W Arrow
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Upland, CA 91786,540 W Arrow
Upland, CA 91786,540 W Arrow
Upland, CA 91786,540 W Arrow
Upland, CA 91786,540 W Arrow
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Kristopher German • RE/MAX 2000 REALTY

$2,100,000

Est. payment /mo

$1,850,000

13.5%
Est.Price: ?

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540 W Arrow Upland, CA 91786

8,451 SqFt

SOLD DATE : 12/30/2024

Key Details

Sold Price $2,100,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 8,451 sqft

Price per Sqft $248

MLS Listing ID CRCV24237138

Sold Date 12/30/24

HOA Y/N No

Originating Board Datashare California Regional

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 savvy i

Location

State CA

County San Bernardino

Interior

Fireplace No

Laundry Other

Building

Water Public

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Bay East AOR and Contra Costa AOR
agent

Luis Vasquez

Agent | License ID: 02083319

+1(650) 200-8722

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