540 W Arrow

Upland, CA 91786

  • 0 Bed(s)
  • 0 Bath(s)
  • 8,451 Sqft
  • 15400
    Sqft(Lot)
$1,850,000

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.

  • Property Type

    Residential Income

  • County

    San Bernardino

  • Style

    Residential Income

  • AD ID

    47682637

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1960
    • Building Area Total: 8,451

    Pool Features

    • Private

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3535
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 15400

  • Listing Price Information

    • Original List Price: 1,850,000
    • Listing Contract Date: 2024-11-19

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 1046341190000

  • Garage and Parking

    • Garage Description: Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 690 - Upland
    • Postal Code Plus 4: 5257
    • Source Property Type: Residential Income
    • Area: 690 - Upland
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 64
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
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BuyOwner last updated this listing 12/26/2024 @ 15:34

  • MLS: CV24237138
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 8,451 sqft, 15,400 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Upland , in zip code 91786, this San Bernardino County Home are nearby neighborhoods.