Marcus & Millichap Real Estate Investment Services is pleased to exclusively present a unique investment opportunity consisting of four individual 4-unit properties located at 1409, 1413, 1424, and 1428 Springfield Street in Upland, California. This portfolio offers an excellent opportunity to purchase the properties individually or as a complete package. Each property is priced at $1,400,000.
The properties feature all 2-bedroom, 1.5-bathroom floor plans, providing spacious living units in a highly desirable location. Each unit is individually metered for gas and electricity, with the landlord responsible for water, sewer, and trash. On-site laundry facilities and garage parking add significant value and convenience for tenants.
All units are currently leased at $1,600 per month, with potential for over 26% rental upside, creating a significant value-add opportunity for investors. The portfolio also benefits from the potential to install laundry equipment in two of the buildings, further increasing rental income.
Each building has two 2-car garages and open parking spaces, providing ample parking for residents. The properties feature well-maintained interiors, with 3 of the 4 units offering enclosed patios and the front unit featuring a fireplace. During ownership, the water lines have been upgraded to copper, ensuring long-term durability and efficiency. Additionally, each building is equipped with a 100-gallon water heater, supporting the needs of the tenants and enhancing operational efficiency.
The properties are located in a prime area of Upland, offering both stable cash flow and future upside potential. Investors can choose to acquire one property individually or the entire portfolio for a diversified investment strategy.
Please do not Disturb Tenants, Walk and/or Talk to anyone at the property.
For Further Information, Please Contact the Listing Agents.