1097 Richland ST, Upland, CA 91786
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Ethan Tran

Ethan Tran

+1(626) 862-6119
$ 1,620,000
Est. payment /mo
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1097 Richland ST Upland, CA 91786

0.29 Acres Lot

UPDATED:

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Benjamin Lin 1000 Realty Corporation 626-233-3678, DRE #01383988
Ethan Tran

Ethan Tran

Agent | License ID: 1522444

+1(626) 862-6119

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