$1,395,000
$105K PRICE DROP

1396 Randy St Upland, CA 91786

Estimated payment $8,371/month

Total Views 22,558
8 Beds
8 Baths
4,028 Sq Ft
$346 Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Level Lot
  • Upland High School Rated A-
  • Wood Fence

About This Home

Exceptional Upland 4-Plex Property: A Unique Investment Opportunity In the realm of real estate, finding a property that seamlessly combines practicality with potential is a rare delight. The exceptional Upland 4-plex property stands out as one such opportunity, boasting a unique configuration that caters to a variety of residential needs. With each unit featuring two bedrooms and 1.5 baths. One of the distinguishing features of this 4-plex is its thoughtful design, which includes separate electric and gas meters for each unit. A single central water heater serves the entire building, ensuring efficient operation and reduced maintenance costs. The inclusion of an assigned covered detached parking garage for each unit further adds to the appeal, providing tenants with the security and convenience they desire. The communal coin-operated laundry machine serves as a practical amenity, catering to the needs of all residents while minimizing the space and energy required for individual laundry setups. This communal aspect fosters a sense of community among tenants while promoting an efficient use of resources. Significantly, the property is Section 8 approved, which opens the door to a wider pool of potential tenants. Three of the four units are currently leased, providing immediate rental income for the savvy investor. Meanwhile, the owner occupies the fourth unit, which may be possible for lease back or vacate upon the sale, allowing the new buyer the flexibility to either occupy it or lease it out. Investing in this Upland 4-plex is not merely a financial decision; it is an opportunity to take pride in ownership while contributing positively to the community. In conclusion, the exceptional Upland 4-plex property stands as a testament to thoughtful investment in real estate. With its well-designed units, practical amenities, and the opportunity to generate immediate income it represents a rare find in today’s market. As the demand for quality rental properties continues to rise, this 4-plex offers a promising avenue for investors looking to make a meaningful impact while securing their financial future. Whether for personal use or as a rental property, this investment is poised to deliver both immediate and long-term rewards.

Listing Agent

Samson Debebe

PMI INLAND EMPIRE Brokerage Phone: 909-527-4440 License #01490045 Listed on: 09/07/2024

Co-Listing Agent

ROBEL TEGEGNE

PMI INLAND EMPIRE Brokerage Phone: 909-527-4440 License #01890820

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,002

Year Built

  • Built in 1975

Lot Details

  • 7,800 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Level Lot

Parking

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

Home Design

  • Quadruplex

Interior Spaces

  • 4,028 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected
  • Phone Available

Listing and Financial Details

  • Tax Lot 42
  • Tax Tract Number 6783
  • Assessor Parcel Number 1007492060000
  • $382 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $692
  • Fuel Expense $1,133
  • Gardener Expense $720
  • Insurance Expense $3,912
  • Trash Expense $1,556
  • Water Sewer Expense $2,370
  • Security Expense $450
  • New Taxes Expense $12,555
  • Operating Expense $23,543
  • Gross Income $94,320
  • Net Operating Income $73,417

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,002

Year Built

Built in 1975

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.20
  • Price Per Unit: 348750
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security Expense: 450.00
  • Water Sewer Expenses: 2370.00
  • Zoning: RM
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 1007492060000
  • Year Built: 1975
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front gate
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 346.33

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Laundry: Yes
  • Electric: Standard
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1556.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7800.00
  • Lot Size Acres: 0.1791
  • Latitude Manual: 34.09827900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Electric Expense: 692.00
  • Fuel Expense: 1133.00
  • Gross Income: 94320.00
  • Gross Scheduled Income: 96960.00
  • Insurance Expense: 3912.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 600.00
  • Lot Size Area: 7800.0000 Square Feet
  • Net Operating Income: 73417.00
  • 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
  • Number Wall A C: 4
  • Operating Expense: 23543.00
  • Rent Control: No
  • Total Actual Rent: 96000.00
  • Total Expenses: 23543.00

Tax Info

  • New Taxes Expense: 12555.00
  • Tax Census Tract: 8.23
  • Tax Lot: 42
  • Tax Tract Number: 6783
  • TaxOtherAnnualAssessmentAmount: 382.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $8,002 $755,110 $255,077 $500,033
2024 $8,002 $740,303 $250,075 $490,228
2023 $3,028 $271,577 $75,343 $196,234
2022 $2,961 $266,252 $73,866 $192,386
2021 $2,953 $261,032 $72,418 $188,614
2020 $2,873 $258,355 $71,675 $186,680
2019 $2,862 $253,290 $70,270 $183,020
2018 $2,793 $248,323 $68,892 $179,431
2017 $2,711 $243,454 $67,541 $175,913
2016 $2,506 $238,681 $66,217 $172,464
2015 $2,448 $235,095 $65,222 $169,873
2014 $2,384 $230,489 $63,944 $166,545
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2024 11/21/24 Price Changed $1,395,000 -7.0% $346 / Sq Ft
09/07/2024 09/07/24 For Sale $1,500,000 -- $372 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed $180,772 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $61,300 Credit Line Revolving
Previous Owner $42,500 Credit Line Revolving
Previous Owner $595,000 Unknown
Previous Owner $225,600 Credit Line Revolving
Previous Owner $126,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $276,000 No Value Available
Previous Owner $35,000 Credit Line Revolving
Previous Owner $62,581 Unknown
Previous Owner $35,000 Stand Alone Second
Previous Owner $175,767 FHA
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24166610

California Regional Multiple Listing Service (CRMLS)

APN: 1007-492-06