NOT LISTED FOR SALE

500 W Arrow Hwy Upland, CA 91786

7 Beds
7 Baths
8,451 Sq Ft
0.35 Acres

Last Sold September 30, 2016

Last sale price $2,000,000 $237 Per Sq Ft

136 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • South Facing Home
  • Upland High School Rated A-
  • Laundry Room
  • Level Lot

About This Home

As of September 2016

Oasis Apartment features 14 multi-family rental units. There are 8 (1bed/1bath) units, 1 (2bed/1bath) unit, and 1 studio suite. Low maintenance and well kept. Current rent is below market with possible future increase potential. Gated complex features 13 carport spaces, storage area, and community pool. Walking distance to Upland High School and all the large shopping centers on Foothill Blvd, which makes this a prime rental complex for renters. This is the ideal income property with many upsides!

Last Agent to Sell the Property

Amy Wang

High Ten Partners, Inc. License #01349731 Listed on: 04/18/2016

High Ten Partners, Inc.

Last Buyer's Agent

Kevin Lee

Berkshire Hathaway HomeServices California Properties License #01720786

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.35 Acre Lot
  • Two or More Common Walls
  • South Facing Home
  • Block Wall Fence
  • Level Lot

Home Design

  • 8,451 Sq Ft Home
  • Property Attached
  • Stucco

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 13 Parking Spaces
  • 13 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • In Ground Pool
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 5614
  • Assessor Parcel Number 1046341200000

Community Details

Recreation

  • Community Pool

Building Details

  • 14 Leased Units
  • 14 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,800
  • Gardener Expense $1,500
  • Insurance Expense $2,725
  • Other Expense $1,200
  • Pool Expense $1,200
  • Trash Expense $2,844
  • Water Sewer Expense $4,800
  • New Taxes Expense $25,625
  • Gross Income $12,260
  • Net Operating Income $102,606

Additional Features

  • 14 Units
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Improvements Amount: 973115
  • Property Attached: Yes
  • Security: Gated Community
  • View: No
  • Water Sewer Expenses: 4800.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 1046341200000
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 236.66

Exterior Features

  • Direction Faces: South
  • Fencing: Block
  • Pool Expense: 1200.00
  • Pool Features: Community, In Ground
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 13.00
  • Parking: Yes
  • Parking Features: Assigned, On Site
  • Total Parking Spaces: 13.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 2844.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value: 171725
  • Lot Features: Level, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15290.00
  • Price Per Lot Square Foot: 134.07

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 12260.00
  • Gross Multiplier: 13.91
  • Gross Scheduled Income: 147300.00
  • Gross Spendable Income: 102606.00
  • Insurance Expense: 2725.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 102606.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 44694.00
  • Other Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 12075.00

Tax Info

  • New Taxes Expense: 25625.00
  • Tax Area: 8015
  • Tax Lot: 5
  • Tax Tract Number: 5614

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2016 09/30/16 Sold $2,000,000 -2.4% $237 / Sq Ft
09/01/2016 09/01/16 Pending -- -- --
04/18/2016 04/18/16 For Sale $2,050,000 -- $243 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Amy Wang

    Seller's Agent in 2016

    Amy Wang

    High Ten Partners, Inc.

    (626) 462-5612

    21 Total Sales

    Amy Wang
    Section Image
  • Kevin Lee

    Buyer's Agent in 2016

    Kevin Lee

    Berkshire Hathaway HomeServices California Properties

    (626) 975-2521

    2 in this area

    87 Total Sales

    Kevin Lee
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16081101

California Regional Multiple Listing Service (CRMLS)
California San Bernardino County Upland 91786

500 W Arrow Hwy, Upland, CA

This home is located at 500 W Arrow Hwy, Upland, CA 91786 since 18 April 2016. This property was built in 1961. 500 W Arrow Hwy is a home located in San Bernardino County with nearby schools including Baldy View Elementary School, Upland Junior High School, and Upland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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