Pending

540 W Arrow

UPLAND CA, 91786

$1,850,000


$218.91 per sqft

Pending

3 Beds

2 Baths

8,451 sqft

Multi-family

Built in 1960

PRICED TO SELL! Just listed in the highly sought-after community of Upland, priced competitively at $142k per unit. The subject property is comprised of 14 units spread over 8,451 rental square feet, on a spacious 15,400 square foot lot. The unit mix includes one 2-Bedroom/1-Bathroom unit, twelve 1-Bedroom/1-Bathroom units, and a Non-Conforming Studio. This property has been under the same ownership since its original construction, a testament to its long-term value and stability. Tenant amenities include an onsite gated pool, a laundry facility, and ample car-port parking, enhancing its attractiveness in a prime rental location. Additionally, there is significant potential for repositioning the property with an 80% upside in rental income available through strategic management and potential rent adjustments. One unit is currently vacant, offering an immediate opportunity for lease-up at market rate. Additionally, there is an onsite manager though not legally required, and could potentially serve as an additional vacancy to bring to market rate. Notably, all utilities are master metered, with the owner covering costs for water, trash, electricity, and gas, which could be reevaluated by a new investor to optimize operational efficiency. This is an ideal price point for the savvy investor experienced at repositioning value add properties. WE ARE ONLY ACCEPTING CASH OFFERS AT THIS TIME.

CV24237138MR

MLS ID

November 19, 2024

Listed

December 9, 2024

Updated

Map

540 W Arrow
UPLAND CA, 91786

Interior Features

Total Stories

2


Bedrooms

3


Total Bathrooms

2


Laundry Description

Laundry Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.35 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Upland


Days on Market

19


Garage

No


Parking

Carport


Parking Total

0


View

No


County

San Bernardino


Water Source

Public


Pool

Yes


Pool Features

Private

Listing History

Date

Event

Price

12/9/2024

Pending

Listed by Kristopher German with RE/MAX 2000 REALTY
Listing Contact: 626-427-0786 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Human Element | Char Costantino CA DRE# 02176942 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/9/2024

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