NOT LISTED FOR SALE

243 Vernon Dr Upland, CA 91786

Upland Area

Estimated Value: $1,137,000 - $1,245,136

6 Beds
4 Baths
2,938 Sq Ft
$406/Sq Ft Est. Value

Sale Details

Date Sold: April 29, 2024

Last sale price $1,215,000 $414 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $7,622 / mo

33 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Back Yard
  • Upland High School Rated A-
  • Bike Trail
  • 1-Story Property

About This Home

As of April 2024

Welcome to this exceptional investment opportunity in Upland, CA! This meticulously maintained 4-unit property boasts a prime location walking distance from Downtown Upland, offering convenience and accessibility to various amenities. Situated in one of San Bernardino County's safest cities, this property provides peace of mind for both investors and tenants.

With public transportation options mere blocks away, commuting is a breeze, making this property ideal for tenants seeking accessibility. Additionally, Upland Unified Schools are within a 1.5-mile radius, ensuring convenience for families with school-aged children.

The surrounding area is rich in recreational opportunities, with a walking and bike trail just across the street, perfect for outdoor enthusiasts. Nearby city facilities, shopping centers and restaurants further enhance the appeal of this location.

This well-established property features two duplexes, each offering a combination of one and two-bedroom units. Current tenants, with lengthy tenures, provide stability and income potential for prospective buyers. With current upgrades being done to the street including waterline replacements, water meters, sidewalks, and street enhancements, this property presents an attractive investment opportunity with immediate income potential and long-term value. Don't miss your chance to own this gem in Upland!

Last Agent to Sell the Property

Brandon Beckwith

SOUTHLAND PROPERTIES Brokerage Phone: 626-617-5443 License #01876209 Listed on: 02/23/2024

Co-Listed By

DENNIS BECKWITH

SOUTHLAND PROPERTIES Brokerage Phone: 626-617-5443 License #00894648

Last Buyer's Agent

Kaylie Lei

Pinnacle Real Estate Group License #01883853

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 8,140 Sq Ft Lot
  • 1 Common Wall
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,938 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 28
  • Tax Tract Number 4200
  • Assessor Parcel Number 1046372100000
  • $244 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $95
  • Insurance Expense $2,316
  • Maintenance Expense $4,113
  • Trash Expense $1,200
  • Water Sewer Expense $1,805
  • New Taxes Expense $14,432
  • Operating Expense $23,961
  • Gross Income $73,044
  • Net Operating Income $49,083

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

8,140 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1805.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 1046372100000
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 413.55

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard
  • Lot Size Sq Ft: 8140.00
  • Lot Size Acres: 0.1869

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 605 Square Feet
  • Average2 Bed Area: 864 Square Feet
  • Electric Expense: 95.00
  • Gross Income: 73044.00
  • Gross Scheduled Income: 73044.00
  • Insurance Expense: 2316.00
  • Lot Size Area: 8140.0000 Square Feet
  • Maintenance Expense: 4113.00
  • Net Operating Income: 49083.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 23961.00
  • Rent Control: No
  • Total Expenses: 23961.00

Tax Info

  • New Taxes Expense: 14432.00
  • Tax Census Tract: 8.24
  • Tax Lot: 28
  • Tax Tract Number: 4200
  • TaxOtherAnnualAssessmentAmount: 244.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2024
Sold by
Bought by
Current Estimated Value
$1,192,284

Purchase Details

Listed on
Feb 23, 2024
Closed on
Apr 2, 2024
Sold by
Bought by
Seller's Agent
Brandon Beckwith
SOUTHLAND PROPERTIES
Buyer's Agent
Kaylie Lei
Pinnacle Real Estate Group
List Price
$1,255,000
Sold Price
$1,215,000
Premium/Discount to List
-$40,000
-3.19%
Views
74

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.84%
Original Mortgage
$849,000
Interest Rate
0.0674%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2023
Sold by
Bought by

Purchase Details

Closed on
Jul 7, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,700
Interest Rate
0.0518%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,400
Interest Rate
0.0652%

Purchase Details

Closed on
Jan 18, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,215,000 Lawyers Title
-- None Listed On Document
-- Chicago Title Co
-- Chicago Title Co
-- Commerce Title
-- Commerce Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $849,000
Previous Owner $157,700
Previous Owner $159,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/29/2024 04/29/24 Sold $1,215,000 -3.2% $414 / Sq Ft
02/23/2024 02/23/24 For Sale $1,255,000 -- $427 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,506 $1,264,086 $442,170 $821,916
2025 $13,506 $1,239,300 $433,500 $805,800
2024 $1,015 $76,928 $14,388 $62,540
2023 $998 $75,420 $14,106 $61,314
2022 $975 $73,941 $13,829 $60,112
2021 $970 $72,491 $13,558 $58,933
2020 $944 $71,748 $13,419 $58,329
2019 $942 $70,341 $13,156 $57,185
2018 $922 $68,962 $12,898 $56,064
2017 $896 $67,610 $12,645 $54,965
2016 $726 $66,284 $12,397 $53,887
2015 $710 $65,289 $12,211 $53,078
2014 $692 $64,010 $11,972 $52,038
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24037320

California Regional Multiple Listing Service (CRMLS)

APN: 1046-372-10

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