6.28% Cap Rate – Strong Cash Flow with Approx. $240,000 Annual Gross Income
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.
For sale
Listing Provided by:
Margaret Sun DRE #01278646 626-616-2380,
Berkshire Hathaway Home Service
$3,100,000
120 N 13th Ave, Upland, CA 91786
--beds
--baths
8,105sqft
Est.:
Multi Family
Built in 1986
-- sqft lot
$-- Zestimate®
$382/sqft
$-- HOA
What's special
Townhome-style unitsWell-maintained two-storySurface parking spacesCentral acOnsite laundry facilitiesSpacious two-bedroom units
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