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$ 1,620,000
Est. payment /mo
New
1097 Richland Street Upland, CA 91786
8 Beds
4 Baths
0.29 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26135473
Bedrooms 8
Lot Size 0.294 Acres
Property Sub-Type Res Income 2-4 Units
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 Uplands 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 Californias legal limits and become the biggest beneficiary.
Location
State CA
County San Bernardino
Zoning Public Rec
Direction West of S. 11th Ave., & North of E. Decdar St.,
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 1047192330000
Acceptable Financing Cash
Listing Terms Cash
Listed by Benjamin Lin, DRE#01383988 1000 Realty Corporation
NEARBY SCHOOL & BUSINESS