NOT LISTED FOR SALE

507 Alpine St Upland, CA 91786

Upland Area
16 Beds
10 Baths
9,212 Sq Ft
0.35 Acre Lot

Sale Details

Date 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

  • 15,070 Sq Ft 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
  • Laundry in Garage

Kitchen

  • Electric Oven
  • Electric Cooktop

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Bathrooms

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

0.35 Acres

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

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

Listed on
Dec 19, 2012
Closed on
Jan 28, 2013
Sold by
Bought by
Seller's Agent
PHILIP SHAHBAZ
KALEO REAL ESTATE COMPANY
Buyer's Agent
Mandy Lai
IRN Realty
List Price
$1,300,000
Sold Price
$1,110,000
Premium/Discount to List
-$190,000
-14.62%

Purchase Details

Closed on
Jan 14, 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
$404,000
Interest Rate
0.0715%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 5, 1995
Sold by
Bought by
Source: Public Records
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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
$1,110,000 Fidelity National Title
-- Lawyers Title Company
-- --
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 $400,000
Previous Owner $404,000
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
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

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 $14,954 $1,394,223 $251,212 $1,143,011
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)
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