This well-maintained 9-unit multifamily asset in the heart of Upland presents a rare opportunity for investors seeking stable cash flow and long-term upside. Built in 1986 and spanning 8,105 square feet across two stories, the property features a desirable unit mix of six townhome-style residences with 1.5 baths and three upper-level flats with 1 bath. Each unit is equipped with central air conditioning and a dedicated garage, complemented by 10 additional surface parking spaces for a total of 19.
The property is fully occupied with reliable, long-term tenants and generates approximately $240,000 in annual gross income. With a 6.28% cap rate and low operating expenses, this investment offers strong in-place returns. All units are separately metered for gas and electricity, while water is master-metered. Onsite laundry facilities provide additional income and convenience.
Located just east of Euclid Avenue and south of Foothill Boulevard, the property benefits from proximity to schools, shopping centers, historic Downtown Upland, and public transit. Recent capital improvements include roof upgrades, new AC units, and water heaters. The property is offered as-is, with interior access granted upon accepted offer. Drive-by only—please do not disturb tenants.
This is an ideal acquisition for buyers seeking a turnkey multifamily investment in a high-demand submarket with no rent control and favorable financing options.