$913,000
SOLD OCT 24, 2025

263 S 3rd Ave Upland, CA 91786

4 Beds
3 Baths
1,850 Sq Ft
6,961 Sq Ft Lot

Recently Sold

$494 Per Sq Ft

6% Below List Price

108 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • 4-minute walk to Olivedale Park
  • Laundry Room

About This Home

As of October 2025

We are pleased to present a triplex located at 263 S 3rd Ave in Upland, California. The
property includes 2 single-story buildings with a total of ±1,850 square feet , built in ±1955 and situated
on a ±0.16-acre lot. The front unit is a 2-bedroom, 1-bath (750 sq ft), and the two rear units are 1-bedroom,
1-bath (550 sq ft each). Each unit has washer & dryer hook-ups, an individual water heater, wall a/c, gas wall-heater, single-car
garage and one open parking space. In addition, the two buildings received new exterior paint and the
interiors are all fully upgraded in the past four years, providing added value to the property.
The property is individually metered for gas and electricity, with the owner covering water, trash, and
sewer costs. This is a stable asset in a desirable location, just a few blocks from downtown Upland, making
it a solid investment opportunity with strong rental income and future potential. Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property.
For Further Information, Please Contact the Listing Agents

Last Agent to Sell the Property

Kevin Struve

MARCUS & MILLICHAP Brokerage Email: kevin.struve@marcusmillichap.com License #01266441 Listed on: 06/13/2025

Co-Listed By

Gisele Pinedo

MARCUS & MILLICHAP Brokerage Email: kevin.struve@marcusmillichap.com License #02188347

Last Buyer's Agent

Ives Lopez

Apartment Investing Realty, Inc. License #01232368

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,961 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 1,850 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 29
  • Tax Tract Number 9
  • Assessor Parcel Number 1047063200000
  • $886 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $2,100
  • Maintenance Expense $3,000
  • Trash Expense $2,748
  • Water Sewer Expense $2,400
  • New Taxes Expense $9,800
  • Operating Expense $21,028
  • Gross Income $67,800
  • Net Operating Income $44,738

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 1047063200000
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 493.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2748.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 6961.00
  • Lot Size Acres: 0.1598

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 550 Square Feet
  • Average2 Bed Area: 750 Square Feet
  • Gross Income: 67800.00
  • Gross Multiplier: 13.20
  • Gross Operating Income: 65766.00
  • Gross Scheduled Income: 67800.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 6961.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 44738.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 21028.00
  • Rent Control: No
  • Total Actual Rent: 5650.00
  • Total Expenses: 21028.00

Tax Info

  • New Taxes Expense: 9800.00
  • Tax Lot: 29
  • Tax Tract Number: 9.04
  • TaxOtherAnnualAssessmentAmount: 886.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2025
Closed on
Oct 3, 2025
Sold by
Paleja Family Trust and Paleja Rashmin
Bought by
Spiri Hunter and Spiri Heather
Seller's Agent
Kevin Struve
MARCUS & MILLICHAP
Buyer's Agent
Ives Lopez
Apartment Investing Realty, Inc.
List Price
$975,000
Sold Price
$913,000
Premium/Discount to List
-$62,000
-6.36%
Views
172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.50%
Original Mortgage
$913,000
Outstanding Balance
$911,685
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
-$12,109

Purchase Details

Listed on
Mar 10, 2021
Closed on
Mar 21, 2021
Sold by
Rogers Kent M and Simmons Beverly
Bought by
Paleja Rashmin and Paleja Hema
Seller's Agent
Anna Selvaggi
Berkshire Hathaway Homeservices California Realty
Buyer's Agent
Ann Medina
CENTURY 21 PRIMETIME REALTORS
List Price
$649,000
Sold Price
$700,000
Premium/Discount to List
$51,000
7.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%

Purchase Details

Closed on
Aug 9, 2012
Sold by
Simmons Beverly A
Bought by
Rogers Kent M and Simmons Beverly A

Purchase Details

Closed on
Jun 13, 1996
Sold by
Rogers Alice J
Bought by
Rogers Alice J and The Rogers Family Trust
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

Date Type Sale Price Title Company
Grant Deed $913,000 Stewart Title Guaranty Company
Grant Deed $913,000 Stewart Title Guaranty Company
Grant Deed $700,000 Chicago Title Company
Grant Deed $700,000 Chicago Title Company
Interfamily Deed Transfer -- Lawyers Title
Interfamily Deed Transfer -- Lawyers Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $913,000 VA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2025 10/24/25 Sold $913,000 +2.0% $494 / Sq Ft
06/30/2025 06/30/25 Price Changed $895,000 -8.2% $484 / Sq Ft
06/13/2025 06/13/25 For Sale $975,000 +39.3% $527 / Sq Ft
03/25/2021 03/25/21 Sold $700,000 +7.9% $378 / Sq Ft View Prior Sale
03/11/2021 03/11/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $649,000 -- $351 / 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 $8,314 $757,703 $227,311 $530,392
2024 $8,314 $742,846 $222,854 $519,992
2023 $8,080 $728,280 $218,484 $509,796
2022 $7,970 $714,000 $214,200 $499,800
2021 $724 $46,381 $11,302 $35,079
2020 $710 $45,905 $11,186 $34,719
2019 $706 $45,005 $10,967 $34,038
2018 $698 $44,123 $10,752 $33,371
2017 $674 $43,258 $10,541 $32,717
2016 $468 $42,409 $10,334 $32,075
2015 $465 $41,772 $10,179 $31,593
2014 $451 $40,954 $9,980 $30,974
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25132861

California Regional Multiple Listing Service (CRMLS)

APN: 1047-063-20