1424 Springfield St - Apartments FOR SALE


Upland, CA 91786
$1,299,000 USD
909-456-7013
1424 Springfield St, Upland, CA for Sale
$1,299,000 USD
Apartments - FOR SALE
1/7
null | 3.51% Cap Rate

1424 Springfield St
Upland, CA 91786


HIGHLIGHTS

  • First Time on the Market in 40 + Years
  • All Large Two Bedroom / One & Half Bathroom Units ± 1,000 SF
  • AAA Rental Location – Situated north of Foothill Blvd
  • Value Add Opportunity, Current Rents are Estimated ± 26% Below Market
  • Laundry Room, Large Patio in Select Unit(s) & Garage/Open Parking Spaces

OVERVIEW

Marcus & Millichap is 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 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. Please do not Disturb Tenants, Walk and/or Talk to anyone at the property. For Further Information, Please Contact the Listing Agents.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

4

PRICE/UNIT

$324,750

CAP RATE

3.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RM-30

APN/PARCEL ID

1006-522-05

ASK ABOUT THIS PROPERTY

Kevin StruveMarcus & MillichapMore Info
909-456-7013

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Kevin StruveMarcus & MillichapMore Info
909-456-7013

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