We are pleased to exclusively present the opportunity to acquire 1424 Springfield St, a 4-unit multi-family investment property located in the city of Upland, California. Constructed in 1965, the property sits on an 7,800 square feet parcel with a building area of 4,028 square feet. The property consists… Read More of four spacious two-bedroom / one & half bathroom floor plans with approximately 1,000 square feet per unit. The building offers its tenants one laundry, enclosed garage parking and enclosed patio's in three units. Each unit is individually metered for gas and electricity, with the landlord responsible for water, sewer and trash. During long term ownership, the water lines have been upgraded to copper and each building is equipped with a 100-gallon water heater. The property is located in a prime rental area of Upland, offering both stable cash flow and future upside potential. Read Less
Property listed by MARCUS & MILLICHAP, Kevin Struve [email protected]
Listing Snapshot
Days Online
23
Last Updated
Property Type
Quadruplex
Lot Size
0.18 Acres
Year Built
1965
MLS Number
CV25041520
30 Days Snapshot Of 91786
$718k
-2%
(avg) sold price
21
-25%
homes sold
73
-7%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1965, Building area total: 4,028, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks
Expenses
Electric expense: $518, Insurance expense: $4,029, Maintenance expense: $4,000, New taxes expense: $14,837, Operating expense: $32,023, Trash expense: $1,543, Water sewer expense: $2,426
Garage
4 spaces
Income
Gross income: $76,800, Net operating income: $44,753
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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