Active

540 W Arrow

Upland CA, 91786

$1,850,000


$218.91 per sqft

Active

8,451 sqft

Other

Built in 1960

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

CRCV24237138

MLS ID

November 19, 2024

Listed

November 22, 2024

Updated

Map

540 W Arrow
Upland CA, 91786

Interior Features

Laundry Description

Other


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.35 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Upland


Garage

No


Parking

Other


View

No


County

San Bernardino


Water Source

Public


Pool

No

Listed by Kristopher German with RE/MAX 2000 REALTY
Listing Contact: 626-427-0786 

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