NOT LISTED FOR SALE

233 S 3rd Ave Upland, CA 91786

7 Beds
4 Baths
5,400 Sq Ft
10,237 Sq Ft Lot

Last Sold April 15, 2016

Last sale price $1,270,000 $235 Per Sq Ft

31 Days on Market

Highlights

  • Property is near public transit
  • Shutters
  • Landscaped
  • Lawn
  • Laundry Room
  • 3-minute walk to Olivedale Park

About This Home

As of April 2016

Located within walking distance of Historic Downtown Upland and the Metro Link Station, this cash positive 5 unit property offers the best opportunity in the entire city of Upland! The front house is 1800 Sqft with 3 bedrooms and 2 baths, laundry room, it's own driveway and garage... and is remodeled. Behind the private yard of the main front house is a 4-Plex that has 4 sets of 2 bedroom 1 bath units. 2 have fireplaces, 2 downstairs units have their own yards and the upstairs units have oversized patios. All of the units have dual pane windows and 3 have been fully remodeled. All 4 units are rented, 3 at $1,250 a month and 1 at $1,300. There is a garage for each of the 4 units (front house has it's own) and a community laundry that affords additional income as well. The front house is currently occupied by the owners but could be rented for $1,800 or more a month. This is the best income producing property for sale in the entire city. There are also opportunities for a carry back from the original owner of the property, contact listing agent for further information.

Last Agent to Sell the Property

Jeff Bonafede

Century 21 Masters License #01312455 Listed on: 03/01/2016

Century 21 Masters

Last Buyer's Agent

Teresa Wang

Century Commercial RE Services License #01772547

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 10,246 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Sprinkler System
  • Lawn
  • Front Yard

Parking

  • 5 Car Garage
  • Driveway
  • On-Street Parking

Home Design

  • Property Attached
  • Turnkey

Interior Spaces

  • 5,400 Sq Ft Home
  • Shutters
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 33
  • Tax Tract Number 8042
  • Assessor Parcel Number 1047063170000

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,800
  • Trash Expense $1,536
  • Water Sewer Expense $1,200
  • Gross Income $6,050
  • Net Operating Income $65,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

10,246 Sq Ft Lot

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 1047063170000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 235.19
  • Window Features: Shutters

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking Features: Asphalt, Driveway, Garage, Street
  • Total Parking Spaces: 13.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Community
  • Trash Expense: 1536.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: Front Yard, Lawn, Landscaped, Lot 10000-19999 Sqft, Sprinkler System, Near Public Transit
  • Lot Size Sq Ft: 10246.00
  • Price Per Lot Square Foot: 123.95
  • Lot Size Acres: 0.2350

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 918
  • Average3 Bed Area: 1800
  • Gross Income: 6050.00
  • Gross Scheduled Income: 72600.00
  • Insurance Expense: 3800.00
  • Lot Size Area: 10246.0000 Square Feet
  • Net Operating Income: 65600.00
  • 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: 5
  • Number With Dishwasher: 5
  • Number With Disposal: 5
  • Number With Patio: 3
  • Number With Range: 5
  • Operating Expense: 7000.00
  • Rent Control: No
  • Total Actual Rent: 60600.00

Tax Info

  • Tax Lot: 33
  • Tax Tract Number: 8042
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/15/2016 04/15/16 Sold $1,270,000 -15.3% $235 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $1,500,000 +50.0% $278 / Sq Ft
04/17/2015 04/17/15 Sold $1,000,000 0.0% $185 / Sq Ft View Prior Sale
02/10/2015 02/10/15 Pending -- -- --
02/10/2015 02/10/15 For Sale $1,000,000 -- $185 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,663 $1,503,423 $473,520 $1,029,903
2024 $16,284 $1,473,944 $464,235 $1,009,709
2023 $15,826 $1,445,043 $455,132 $989,911
2022 $15,614 $1,416,709 $446,208 $970,501
2021 $15,515 $1,388,931 $437,459 $951,472
2020 $15,240 $1,374,689 $432,973 $941,716
2019 $15,111 $1,347,734 $424,483 $923,251
2018 $14,905 $1,321,308 $416,160 $905,148
2017 $14,370 $1,295,400 $408,000 $887,400
2016 $10,911 $1,015,251 $253,813 $761,438
2015 $1,330 $128,682 $12,676 $116,006
2014 $1,288 $126,162 $12,428 $113,734
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16043316

California Regional Multiple Listing Service (CRMLS)

APN: 1047-063-17

Your Personal Tour Guide

Ask me questions while you tour the home.