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    635 E 8th Street

    Upland, CA 91786
    • $3,000,000
    • STATUS: Active Under Contract
    • ON SITE: 92 days
    • ID#: CV21091532
    Under Contract
    $3,000,000
    • 0
      BEDS
    • 1.02
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:
    Area:

    School Ratings & Info

    Description

    The 8th Street Apartments is located at 623-635 E.8th St. in Upland, CA. The investment offering is a 12-unit multi-family asset located on 2 parcels, with a combined lot size of 1.02 Acres. In the same ownership for the past 50+ years, said property is a well maintained property and consistently has a high occupancy level. The Unit Mix consists of the following: 7 Two Bedroom / One Bathroom Single Story Units, 4 One Bedroom / One Bathroom Units and 1 Three Bedroom / Two Bathroom Single Family House.Ten of the Twelve Units have Washer /Dryer Hook-Ups and the units are upgraded with Dual Pane Vinyl Windows. Ample parking is provided with single car garages, carport and open parking spaces. In the past 2 years, four of the units have received complete interior upgrades. In April 2021, the 8th St. Apartments obtained Section 1 Termite Clearance. The units are individually metered for gas & electric and the landlord is responsible for water, sewer and trash. The 8th Apartments is located in close proximity to the Upland Train Station, Downtown Upland, Parks and local schools. Please note the Close of Escrow on the property shall occur on October 11, 2021 or thereafter. Please do not disturb the tenants and/or walk on the property. Please contact listing agent for further details.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/116659100
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    635 E 8th Street Upland, CA 91786

    • Price: $3,000,000
    • Status: Active Under Contract
    • ID#: CV21091532
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.02
    Acres
    1952
    Built
    Neighborhood:
    690 - Upland
    County:
    San Bernardino
    Area:
    690 - Upland
    Property Description
    The 8th Street Apartments is located at 623-635 E.8th St. in Upland, CA. The investment offering is a 12-unit multi-family asset located on 2 parcels, with a combined lot size of 1.02 Acres. In the same ownership for the past 50+ years, said property is a well maintained property and consistently has a high occupancy level. The Unit Mix consists of the following: 7 Two Bedroom / One Bathroom Single Story Units, 4 One Bedroom / One Bathroom Units and 1 Three Bedroom / Two Bathroom Single Family House.Ten of the Twelve Units have Washer /Dryer Hook-Ups and the units are upgraded with Dual Pane Vinyl Windows. Ample parking is provided with single car garages, carport and open parking spaces. In the past 2 years, four of the units have received complete interior upgrades. In April 2021, the 8th St. Apartments obtained Section 1 Termite Clearance. The units are individually metered for gas & electric and the landlord is responsible for water, sewer and trash. The 8th Apartments is located in close proximity to the Upland Train Station, Downtown Upland, Parks and local schools. Please note the Close of Escrow on the property shall occur on October 11, 2021 or thereafter. Please do not disturb the tenants and/or walk on the property. Please contact listing agent for further details.
    Exterior Features

    Carport Spaces 9 Carport YN Yes Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 12 Open Parking Spaces 8 Parking Features AsphaltCarportGarage Parking Total 22 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features FoothillsSidewalks Garage YN Yes Gross Income 183684 Gross Scheduled Income 183864 Insurance Expense 5622 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer Hookup Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 8400 Net Operating Income 109149 New Construction YN No New Taxes Expense 30868 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 2 Number Of Units Leased 12 Operating Expense 69199 Pest Control Expense 645 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 176 Tenant Pays ElectricityGas Total Actual Rent 15322 Trash Expense 2466 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 6977 Water Source Public

    Listing provided courtesy of Kevin Struve of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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