120 N 13th Ave - Apartments FOR SALE


Upland, CA 91786
$3,100,000 USD
323-803-9422
120 N 13th Ave, Upland, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/23
null | 6.28% Cap Rate

120 N 13th Ave
Upland, CA 91786


HIGHLIGHTS

  • Strong 6.28% cap rate with low operating expenses
  • All units feature central AC and private garages
  • Desirable mix of townhome and flat-style units
  • Located near Downtown Upland and public transit

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

9

PRICE/UNIT

$344,444

CAP RATE

6.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

-

APN/PARCEL ID

1046-532-14

ASK ABOUT THIS PROPERTY

Luis Carrion CCIMBerkshire Hathaway California PropertiesMore Info
323-803-9422

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Luis Carrion CCIMBerkshire Hathaway California PropertiesMore Info
323-803-9422

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.