263 S 3rd Ave - Apartments FOR SALE


Upland, CA 91786
$975,000 USD
909-456-7013
263 S 3rd Ave, Upland, CA for Sale
$975,000 USD
Apartments - FOR SALE
1/6
null | 4.43% Cap Rate

263 S 3rd Ave
Upland, CA 91786


HIGHLIGHTS

  • All single-story units, new exterior paint and all units are fully upgraded in the past four years
  • Each unit has washer & dryer hook-ups, an individual water heater, single car enclosed garage and one open parking space
  • Location: A few blocks from downtown Upland, with easy access to shops, dining, and entertainment
  • Unit Mix: 1 two-bedroom, 1-bath unit (750 sq ft) and 2 one-bedroom, 1-bath units (550 sq ft each)
  • Utilities: Tenants pay for gas and electricity; owner covers water, trash, and sewer
  • Investment Opportunity: A well-maintained triplex offering stable cash flow in a high demand location

OVERVIEW

Marcus & Millichap is pleased to present a triplex located at 263 S 3rd Ave in Upland, California. The property includes 2 single-story buildings with a total of ±1,850 square feet , built in ±1955 and situated on a ±0.16-acre lot. The front unit is a 2-bedroom, 1-bath (750 sq ft), and the two rear units are 1-bedroom, 1-bath (550 sq ft each). Each unit has washer & dryer hook-ups, an individual water heater, wall a/c, gas wall-heater, single-car garage and one open parking space. In addition, the two buildings received new exterior paint and the interiors are all fully upgraded in the past four years, providing added value to the property. The property is individually metered for gas and electricity, with the owner covering water, trash, and sewer costs. This is a stable asset in a desirable location, just a few blocks from downtown Upland, making it a solid investment opportunity with strong rental income and future 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

$975,000 USD

PRICE/SF

$527 USD /SF

# OF UNITS

3

PRICE/UNIT

$325,000

CAP RATE

4.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RS 7.5

APN/PARCEL ID

1047-063-20

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.