$1,620,000
Est. payment /mo
0.29 Acres Lot
Active
1097 Richland ST Upland, CA 91786
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26135473
HOA Y/N No
Year Built 1979
Lot Size 0.294 Acres
Property Sub-Type Apartment
Property Description
Excellent income with big potential! Actual income is $123,414/yr. Great location with huge lot. The rent is below market. All 2 bedrooms and 1 bathroom. A big lot may build additional ADU or units. The buyer must verify with the City. Convenient location closed shopping center, school, freeway and supermarket. Short drive to Upland's historic downtown, Montclair Plaza, and Claremont Village. Built in 1979. Each unit has 1 car garage with 1 parking space plus an additional one guess parking(11 parking total). No local rent control. Strong rental demand in the area. The annual rent increase period for all five tenants has already expired. Since there is no local rent control, the buyer can raise the rent significantly within California's legal limits and become the biggest beneficiary.
Location
State CA
County San Bernardino
Area 690 - Upland
Interior
Fireplaces Type None
Fireplace No
Laundry Laundry Room
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs, Gutter(s)
Total Parking Spaces 11
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 1047192330000
Energy Description 1357.0
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Special Listing Condition Standard
Listed by Benjamin Lin 1000 Realty Corporation 626-233-3678, DRE #01383988
Nearby Locations
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