530 E 9th St Upland, CA 91786
3
Beds
3
Baths
4,475
Sq Ft
0.48
Acres
About This Home
As of May 2021Unique mixed use property on beautiful tree lined 9th St. Auto repair facility with 4 residential rental units. The property has a 1,675 sq. ft. commercial building with 2 operating service bays, 2 outside lifts (included in the sale) and a 17' x 52' overhead canopy. On the southern side of the property is a duplex with 2, 1 bed 1 bath units and 2 small houses with 2 bed and 1 bath. the market rents for the units are estimated at $1,000 for the 2 bedrooms and $875 for the 1 bedrooms. The owner currently has friends and family in the units. the property was formerly a Texaco gas station which has had the fuel tanks removed. The property to the south and west is planned for a major residential development, taking advantage of the area close proximity and easy walk to the Upland Metro station. This development will, no doubt, add value to the area. This property could be purchased by an owner user who would occupy and use the auto portion and collect rent from the units or by an pure investor who would rent the repair shop portion of the property and also continue to collect rent from the 4 residential units
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,379
Year Built
- Built in 1951
Lot Details
- 0.48 Acre Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
Home Design
- 4,475 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 001
- Tax Tract Number 1
- Assessor Parcel Number 1046582070000
Community Details
Overview
- 4 Buildings
- 4 Units
Building Details
- 6 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,000
- Fuel Expense $1,200
- Insurance Expense $75
- Trash Expense $600
- Water Sewer Expense $480
- New Taxes Expense $9,720
- Operating Expense $15,075
- Gross Income $45,000
- Net Operating Income $59,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 6, 2021
Closed on
May 14, 2021
Sold by
Babco Investments Llc
Bought by
Kmca Llc
Seller's Agent
Donna Dostalik
RE/MAX Unlimited Real Estate
Buyer's Agent
Kevin Lee
Berkshire Hathaway HomeServices California Properties
List Price
$1,320,000
Sold Price
$1,260,000
Premium/Discount to List
-$60,000
-4.55%
Total Days on Market
103
Purchase Details
Listed on
Apr 6, 2021
Closed on
Apr 21, 2021
Sold by
Collins Stephen H and Collins And Chiang Living Trus
Bought by
Babco Investments Llc
Seller's Agent
Donna Dostalik
RE/MAX Unlimited Real Estate
Buyer's Agent
Kevin Lee
Berkshire Hathaway HomeServices California Properties
List Price
$1,320,000
Sold Price
$1,260,000
Premium/Discount to List
-$60,000
-4.55%
Purchase Details
Listed on
Mar 30, 2017
Closed on
Dec 5, 2017
Sold by
Collins Stephen H and Collins Stephen
Bought by
Collins Stephen H and Collins And Chiang Living Trus
Seller's Agent
Lee Spence
DAUM COMMERCIAL RE SERVICES
Buyer's Agent
Donna Dostalik
RE/MAX Unlimited Real Estate
List Price
$900,000
Sold Price
$820,000
Premium/Discount to List
-$80,000
-8.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.71%
Purchase Details
Listed on
Mar 30, 2017
Closed on
Oct 2, 2017
Sold by
Chiang Sharon
Bought by
Collins Stephen
Seller's Agent
Lee Spence
DAUM COMMERCIAL RE SERVICES
Buyer's Agent
Donna Dostalik
RE/MAX Unlimited Real Estate
List Price
$900,000
Sold Price
$820,000
Premium/Discount to List
-$80,000
-8.89%
Purchase Details
Closed on
Jul 18, 2017
Sold by
Lerouge Robert
Bought by
Collins Stephen
Purchase Details
Closed on
Feb 1, 2001
Sold by
Lerouge Patricia
Bought by
Lerouge Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.12%
Mortgage Type
Seller Take Back
Map
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Similar Homes in Upland, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $378,000 | None Available | |
| Grant Deed | $1,260,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | $820,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $800,000 | Commercial | |
| Previous Owner | $65,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2021 05/14/21 | Sold | $1,260,000 | -4.5% | $232 / Sq Ft |
| 04/30/2021 04/30/21 | Pending | -- | -- | -- |
| 04/06/2021 04/06/21 | For Sale | $1,320,000 | +61.0% | $243 / Sq Ft |
| 10/12/2017 10/12/17 | Sold | $820,000 | -3.5% | $183 / Sq Ft |
| 07/11/2017 07/11/17 | Pending | -- | -- | -- |
| 05/08/2017 05/08/17 | Price Changed | $850,000 | -5.6% | $190 / Sq Ft |
| 03/30/2017 03/30/17 | For Sale | $900,000 | -- | $201 / 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 |
|---|---|---|---|---|
| 2024 | $14,379 | $1,337,122 | $445,707 | $891,415 |
| 2023 | $14,167 | $1,310,904 | $436,968 | $873,936 |
| 2022 | $13,864 | $1,285,200 | $428,400 | $856,800 |
| 2021 | $9,540 | $861,966 | $331,121 | $530,845 |
| 2020 | $9,281 | $853,128 | $327,726 | $525,402 |
| 2019 | $9,249 | $836,400 | $321,300 | $515,100 |
| 2018 | $9,021 | $820,000 | $315,000 | $505,000 |
| 2017 | $1,569 | $130,116 | $56,244 | $73,872 |
| 2016 | $1,390 | $127,565 | $55,141 | $72,424 |
| 2015 | $1,359 | $125,649 | $54,313 | $71,336 |
| 2014 | $1,324 | $123,188 | $53,249 | $69,939 |
Source: Public Records
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR17066493
APN: 1046-582-07
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