NOT LISTED FOR SALE

1226 W 11th St Upland, CA 91786

Estimated Value: $1,342,000 - $1,506,000

2 Beds
2 Baths
4,024 Sq Ft
$357/Sq Ft Est. Value

Last Sold August 15, 2019

Last sale price $975,000 $242 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $8,889/month

21 Days on Market

Highlights

  • Property is near a park
  • Lawn
  • Cooling System Mounted To A Wall/Window
  • Upland High School Rated A-
  • No HOA
  • 4-minute walk to Baldy View Dog Park

About This Home

As of August 2019

Amazing opportunity to own a 4-unit multifamily income producing property in Upland! This quad-plex is located 1 block south of Foothill Blvd and is near public transportation, schools, parks, shopping and the 10 freeway. The property consists of 3 downstairs units and 1 upstairs unit. All units are leased, and residents take good care of their individual units and premises. The landlord is responsible for water/sewer/trash. The building has an on-site laundry room (equipment is separately vendored), central 100-gallon water heater for the four units and a privacy gate in front and rear of the property. Built 1964, pitched composition roof, new full exterior paint, privacy signage, all 2 bed/1.5 bath units, spacious floor plan, 1062 sq ft. (2), 950 sq ft (2), gas wall furnace, ceiling fans, wall A/C, enclosed patio's, fenced area for 3 of the 4 units, separately metered gas/electric, four car garages (each garage shared by 2 tenants) with tenant storage areas, seamless rain gutters, dual pane windows, copper plumbing installed in 2004, beautifully landscaped and well maintained courtyard. The current rents are approximately 20% below market and all the tenants are on month-to-month leases. Identical property located next door at 1232 W. 11th Street, Upland CA is also for Sale. The property is located in a desirable rental area in the City of Upland and the market vacancy is sub-three percent. Please Do Not Disturb the Tenants.

Last Agent to Sell the Property

Jessica Eubanks

SIMPLE REAL ESTATE GROUP License #01911855 Listed on: 06/26/2019

Co-Listed By

Alex Oddo

SIMPLE REAL ESTATE GROUP License #01198905

Last Buyer's Agent

DONALD LA

KW Executive License #01928418

KW Executive

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,351

Year Built

  • Built in 1964

Lot Details

  • 7,768 Sq Ft Lot
  • Two or More Common Walls
  • Sprinkler System
  • Lawn

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • 4,024 Sq Ft Home
  • Quadruplex
  • Turnkey

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 26
  • Tax Tract Number 6915
  • Assessor Parcel Number 1007211260000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,050
  • Insurance Expense $1,300
  • Maintenance Expense $450
  • Trash Expense $1,452
  • Water Sewer Expense $3,800
  • New Taxes Expense $1,381
  • Operating Expense $9,433
  • Gross Income $59,730
  • Net Operating Income $50,122

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,351

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.01
  • Property Attached: Yes
  • Water Sewer Expenses: 3800.00
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1050.00
  • Parcel Number: 1007211260000
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 242.30

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 1452.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Near Public Transit, Park Nearby, Sprinkler System
  • Lot Size Sq Ft: 7768.00
  • Lot Size Acres: 0.1783

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 59730.00
  • Gross Scheduled Income: 59555.00
  • Insurance Expense: 1300.00
  • Laundry Income: 175.00
  • Lot Size Area: 7768.0000 Square Feet
  • Maintenance Expense: 450.00
  • Net Operating Income: 50122.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 9433.00
  • Rent Control: No
  • Total Actual Rent: 4860.00
  • Total Expenses: 9433.00

Tax Info

  • New Taxes Expense: 1381.00
  • Tax Census Tract: 8.23
  • Tax Lot: 26
  • Tax Tract Number: 6915

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2021
Sold by
Kim Jennifer Hye Lim
Bought by
Ladavid Tan
Current Estimated Value
$1,438,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$714,000
Outstanding Balance
$659,215
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$800,302

Purchase Details

Closed on
Apr 28, 2020
Sold by
Ladavid Tan
Bought by
Dtla Capital Holdings Llc

Purchase Details

Listed on
Jun 26, 2019
Closed on
Jul 29, 2019
Sold by
Teays Linda J and Stasiewicz Carol
Bought by
Ladavid Tan
Seller's Agent
Jessica Eubanks
SIMPLE REAL ESTATE GROUP
Buyer's Agent
DONALD LA
KW Executive
List Price
$999,999
Sold Price
$975,000
Premium/Discount to List
-$24,999
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$731,250
Interest Rate
3.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ladavid Tan -- First American Title Ins Co
Ladan Tan -- First American Title Ins Co
Dtla Capital Holdings Llc -- None Available
Ladavid Tan $975,000 Usa National Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ladan Tan $714,000
Previous Owner Ladavid Tan $731,250
Previous Owner Ladavid Tan $731,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2019 08/15/19 Sold $975,000 -2.5% $242 / Sq Ft
07/17/2019 07/17/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $999,999 -- $249 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,351 $1,071,773 $377,307 $694,466
2024 $11,351 $1,050,758 $369,909 $680,849
2023 $11,184 $1,030,155 $362,656 $667,499
2022 $11,264 $1,040,000 $360,000 $680,000
2021 $10,937 $990,153 $348,574 $641,579
2020 $10,587 $975,000 $340,000 $635,000
2019 $1,357 $107,389 $12,884 $94,505
2018 $1,354 $105,283 $12,631 $92,652
2017 $1,315 $103,218 $12,383 $90,835
2016 $1,102 $101,194 $12,140 $89,054
2015 $1,077 $99,674 $11,958 $87,716
2014 $1,050 $97,722 $11,724 $85,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19148921

California Regional Multiple Listing Service (CRMLS)

APN: 1007-211-26