581 N Euclid Ave - Apartments FOR SALE


Upland, CA 91786
$2,100,000 USD
909-456-7013
581 N Euclid Ave, Upland, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/10
null | 5.75% Cap Rate

581 N Euclid Ave
Upland, CA 91786


HIGHLIGHTS

  • Historic property located at 581 N Euclid Ave in Upland, California, with a stone-exterior design and registered as a historic property; built in 1927
  • AAA rental location - situated on Euclid; 0.5 miles away from historic Downtown Upland & Upland High School
  • Unit mix includes 6 one-bedroom, one-bath units and 1 three-bedroom, one-and-a-half-bath townhome unit
  • Individually metered for gas and electricity with each unit having it’s own individual water heater; utility bill-back system in place
  • Tenants enjoy on-site laundry & parking; All water lines were recently upgraded at said property
  • A great opportunity for investors seeking a stabilized asset with market rents in a soughtafter location

OVERVIEW

Marcus & Millichap Real Estate Investment Services is pleased to exclusively present a unique investment opportunity at 581 N Euclid Ave in Upland, California. This historic, stone-exterior building, built in 1927, is registered as a historic property, offering both charm and character. The property consists of 5 separate buildings and provides a total of 4,638 square feet of living space, set on a 9,916-square-foot lot. The property is made up of 6 one-bedroom, one-bath units and 1 three-bedroom, one-and-a-half-bath townhome-style unit, catering to a variety of tenant needs. Each unit is individually metered for gas and electricity, with each unit also having its own water heater. Several of the units have received interior upgrades throughout the years. The property also has a utility bill-back system in place. Tenants enjoy on-site laundry and on-site parking. The water lines were replaced to ensure long-term reliability. The property is located in a quiet community, offering a stable environment for tenants. Additionally, it is just 0.5 miles away from historic downtown Upland, providing easy access to local shops, restaurants, and amenities. This is an excellent opportunity for an investor looking for a stabilized asset with market rents in a prime location. Given its historic value, recent upgrades, and steady cash flow, this property presents a reliable investment with long-term stability. 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

$2,100,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

7

PRICE/UNIT

$300,000

CAP RATE

5.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,692 SF

ZONING

RS-7.5

APN/PARCEL ID

1046-282-15

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.