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    1280 W 25th Street

    Upland, CA 91784
    • $2,500,000
    • STATUS: Active
    • ON SITE: 110 days
    • ID#: CV20261216
    UPDATED: 10 min ago
    $2,500,000
    • 0
      BEDS
    • 0.72
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,580
      SQFT
    • $291
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    Opportunity to own rare commercial property in San Antonio Heights neighborhood - We are proud to exclusively present the opportunity to acquire 1280 West 25th Street, a 10 - unit investment opportunity located in the desirable city of Upland, California. Built in 1959, the property is comprised of two buildings and sits on a lot size of 31,500 square feet with a combined building size of 8,580 square feet. The single story property consists all two bedroom/one bathroom floorplans of approximately 850 square feet. The property features carport parking, private patios, drought resistant landscape and on-site laundry that includes one set of owner owned washer and dryer machines. The front two units feature fireplaces and nine of the units have been re-piped with copper and/or flex piping. All of the units have individual hot water heaters and are individually metered for gas and electricity. The property is situated just below the foothills of the San Gabriel Mountains and is surrounded by custom homes that have an average sale price of over seven figures. In addition, the property is in close proximity to local retail, parks, trails, schools and the Colonies Crossroads, which is a super-regional destination shopping center on the I-210 Freeway and is one of Upland's latest projects contributing to the city+GGs positive place for quality business, employment, business expansion and attraction to local economic growth.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T08:24:53.98. 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 Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/112795953
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    1280 W 25th Street Upland, CA 91784

    • Price: $2,500,000
    • Status: Active
    • Updated: 10 min ago
    • ID#: CV20261216
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.72
    Acres
    8,580
    SQFT
    $291
    $/SQFT
    1959
    Built
    Neighborhood:
    699 - Not Defined
    County:
    San Bernardino
    Area:
    699 - Not Defined
    Property Description
    Opportunity to own rare commercial property in San Antonio Heights neighborhood - We are proud to exclusively present the opportunity to acquire 1280 West 25th Street, a 10 - unit investment opportunity located in the desirable city of Upland, California. Built in 1959, the property is comprised of two buildings and sits on a lot size of 31,500 square feet with a combined building size of 8,580 square feet. The single story property consists all two bedroom/one bathroom floorplans of approximately 850 square feet. The property features carport parking, private patios, drought resistant landscape and on-site laundry that includes one set of owner owned washer and dryer machines. The front two units feature fireplaces and nine of the units have been re-piped with copper and/or flex piping. All of the units have individual hot water heaters and are individually metered for gas and electricity. The property is situated just below the foothills of the San Gabriel Mountains and is surrounded by custom homes that have an average sale price of over seven figures. In addition, the property is in close proximity to local retail, parks, trails, schools and the Colonies Crossroads, which is a super-regional destination shopping center on the I-210 Freeway and is one of Upland's latest projects contributing to the city+GGs positive place for quality business, employment, business expansion and attraction to local economic growth.
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common WallsNo One Above Laundry Features Common Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.98 Community Features GuttersRural Country Us Electric Expense 700.00 Elevation Units Feet Fuel Expense 350.00 Gardener Expense 1200.00 Gross Income 152940.00 Gross Multiplier 16.35 Gross Scheduled Income 152940.00 Insurance Expense 5000.00 Land Lease YN No Laundry Income 1800.00 Laundry YN Yes Maintenance Expense 7500.00 Net Operating Income 99542.00 New Construction YN No New Taxes Expense 27500.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Operating Expense 50610.00 Pest Control Expense 340.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 50610.00 Trash Expense 2020.00 Vacancy Allowance 3 Water Sewer Expense 6000.00 Water Source Public Year Built Source Other Zoning Rs-10M

    Listing provided courtesy of David Covarrubias of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T08:24:53.98. 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 Realty Masters & Associates. Licensed in the State of California, USA.
     
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