NOT LISTED FOR SALE

507 Alpine St Upland, CA 91786

16 Beds
10 Baths
9,212 Sq Ft
0.35 Acres

Last Sold February 12, 2013

Last sale price $1,110,000 $120 Per Sq Ft

20 Days on Market

Highlights

  • Mountain View
  • Contemporary Architecture
  • Shutters
  • Upland High School Rated A-
  • End Unit
  • Cooling System Mounted To A Wall/Window

About This Home

As of February 2013

Outstanding 12-unit Residential Income Property in the heart of Upland. 507 & 489 Alpine St. Located just off of Euclid and right next to Old Town. All units are fully occupied! This 12-unit, two-story, apartment was built in 1960 and has received close to $175,000 in upgrades over the last 6 months. 9,212 sqft building and 15,070 sqft lot. The complex has a gated entry and features eight 2 bed / 1 bath units and four 1 bed / 1 bath units. Each unit features wall AC and Heat and are separately metered for gas and electricity. Owner has made fantastic upgrades. Entire complex has been freshly painted. 5 units have been beautifully remodeled (see pics). The courtyard is brand new and fully permitted, featuring permanent gas BBQ, patio, seated-walls, metal trellis', artificial grass, lighting system, fountain, drainage, and landscape. Each unit has a garage parking space with storage area. Common Area laundry in garage. Many other upgrades including electrical, sprinkler, gate, shutters, doors, garage, etc. Overall great condition and ready for a new owner.

Last Agent to Sell the Property

PHILIP SHAHBAZ

KALEO REAL ESTATE COMPANY License #01795808 Listed on: 12/19/2012

KALEO REAL ESTATE COMPANY

Last Buyer's Agent

Mandy Lai

IRN Realty License #01452529

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.35 Acre Lot
  • End Unit
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is 11-15 Units/Acre

Parking

  • 12 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 9,212 Sq Ft Home
  • Shutters
  • Blinds
  • Mountain Views
  • Carbon Monoxide Detectors

Kitchen

  • Electric Oven
  • Electric Cooktop

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 15
  • Tax Tract Number 5614
  • Assessor Parcel Number 1046341270000

Community Details

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 12 Separate Water Meters
  • Electric Expense $1,260
  • Gardener Expense $2,400
  • Insurance Expense $4,916
  • Other Expense $10,222
  • Trash Expense $1,000
  • Water Sewer Expense $2,000
  • Gross Income $9,485
  • Net Operating Income $92,352

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

12

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2000.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 1046341270000
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls, End Unit
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 120.50
  • Window Features: Blinds, Shutters

Exterior Features

  • Exterior Features: Lighting
  • View: Mountain(s)
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Electric Oven, Electric Cooktop, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, In Garage
  • Sewer: Sewer Paid
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 15070.00
  • Lot Size Acres: 0.3460

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Electric Expense: 1260.00
  • Gross Income: 9485.00
  • Gross Scheduled Income: 114720.00
  • Insurance Expense: 4916.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 15070.0000 Square Feet
  • Net Operating Income: 92352.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 12
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number With Carpet: 12
  • Number With Range: 12
  • Operating Expense: 22368.00
  • Other Expense: 10222.00
  • Other Expense Description: Prop Tax
  • Rent Control: No
  • Total Actual Rent: 9485.00

Tax Info

  • Tax Lot: 15
  • Tax Tract Number: 5614
  • Tax Year: 2011
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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 List to Sale Price per Sq Ft
02/12/2013 02/12/13 Sold $1,110,000 -14.6% $120 / Sq Ft
01/08/2013 01/08/13 Pending -- -- --
12/19/2012 12/19/12 For Sale $1,300,000 -- $141 / 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 $14,954 $1,366,885 $246,286 $1,120,599
2024 $14,479 $1,340,083 $241,457 $1,098,626
2023 $14,265 $1,313,807 $236,723 $1,077,084
2022 $13,960 $1,288,046 $232,081 $1,055,965
2021 $13,950 $1,262,790 $227,530 $1,035,260
2020 $13,573 $1,249,842 $225,197 $1,024,645
2019 $13,526 $1,225,335 $220,781 $1,004,554
2018 $13,190 $1,201,309 $216,452 $984,857
2017 $12,811 $1,177,754 $212,208 $965,546
2016 $12,435 $1,154,661 $208,047 $946,614
2015 $12,152 $1,137,317 $204,922 $932,395
2014 $11,839 $1,115,039 $200,908 $914,131
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV12152832

California Regional Multiple Listing Service (CRMLS)