Ivan Rodriguez
ACTION MOBILE HOMES
(909) 490-3539
82 Total Sales
4 in Upland
$189K - $259K Price Range
540 W Arrow Route Upland, CA 91786
Upland Area
3
Beds
2
Baths
8,451
Sq Ft
0.35
Acre Lot
Highlights
- Private Pool
- Upland High School Rated A-
- Laundry Facilities
About This Home
As of December 2024PRICED TO SELL! Just listed in the highly sought-after community of Upland, priced competitively at $142k per unit. The subject property is comprised of 14 units spread over 8,451 rental square feet, on a spacious 15,400 square foot lot. The unit mix includes one 2-Bedroom/1-Bathroom unit, twelve 1-Bedroom/1-Bathroom units, and a Non-Conforming Studio. This property has been under the same ownership since its original construction, a testament to its long-term value and stability. Tenant amenities include an onsite gated pool, a laundry facility, and ample car-port parking, enhancing its attractiveness in a prime rental location. Additionally, there is significant potential for repositioning the property with an 80% upside in rental income available through strategic management and potential rent adjustments. One unit is currently vacant, offering an immediate opportunity for lease-up at market rate. Additionally, there is an onsite manager though not legally required, and could potentially serve as an additional vacancy to bring to market rate. Notably, all utilities are master metered, with the owner covering costs for water, trash, electricity, and gas, which could be reevaluated by a new investor to optimize operational efficiency. This is an ideal price point for the savvy investor experienced at repositioning value add properties. WE ARE ONLY ACCEPTING CASH OFFERS AT THIS TIME.
Last Agent to Sell the Property
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 11/19/2024
Last Buyer's Agent
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 11/19/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 15,400 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 8,451 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- Carport
- Parking Available
Pool
- Private Pool
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 5614
- Assessor Parcel Number 1046341190000
- $447 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 13 Units
Amenities
- Laundry Facilities
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $15,624
- Fuel Expense $411
- Insurance Expense $8,850
- Maintenance Expense $10,500
- Pool Expense $1,546
- Professional Management Expense $21,540
- Trash Expense $5,556
- Water Sewer Expense $6,111
- New Taxes Expense $21,674
- Operating Expense $93,912
- Gross Income $168,108
- Net Operating Income $69,153
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
Nov 19, 2024
Closed on
Dec 17, 2024
Sold by
Hansen Collins Martha and Frank Paul Elardi Separate Property Trus
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$1,850,000
Sold Price
$2,100,000
Premium/Discount to List
$250,000
13.51%
Views
20
Purchase Details
Closed on
Jul 1, 2010
Sold by
Elardi Frank Paul
Bought by
Elardi Frank Paul and The Frank Paul Elardi Separate
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Upland, CA
-
Ivan Rodriguez
-
Jack Harriman
Jack Harriman
Coldwell Banker
(626) 610-0560
42 Total Sales
2 in Upland
$749K - $915K Price Range
-
SHERRI LOPEZ
SHERRI LOPEZ
COLDWELL BANKER REALTY
(909) 552-7892
74 Total Sales
7 in Upland
$820K - $1.6M Price Range
-
Daniel DeForest
Daniel DeForest
First Team Real Estate
(657) 300-5786
158 Total Sales
2 in Upland
$1,200,000 Price Range
-
Giusy Mele-Brown
Giusy Mele-Brown
BHHS California Properties
(626) 313-3578
61 Total Sales
1 in Upland
$690,000 Price
-
Marcille Dilsaver Hughes
Marcille Dilsaver Hughes
BHHS California Properties
(323) 310-4703
40 Total Sales
1 in Upland
$890,500 Price
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 |
|---|---|---|---|
| $2,100,000 | Lawyers Title | ||
| Elardi Frank Paul | -- | None Available |
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 |
|---|---|---|---|
| Open | $2,000,000 |
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 |
|---|---|---|---|---|
| 12/30/2024 12/30/24 | Sold | $2,100,000 | +13.5% | $248 / Sq Ft |
| 12/08/2024 12/08/24 | Pending | -- | -- | -- |
| 11/19/2024 11/19/24 | For Sale | $1,850,000 | -- | $219 / 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 | $22,829 | $2,142,000 | $749,700 | $1,392,300 |
| 2025 | $22,829 | $2,100,000 | $735,000 | $1,365,000 |
| 2024 | $3,113 | $266,903 | $31,256 | $235,647 |
| 2023 | $3,064 | $261,669 | $30,643 | $231,026 |
| 2022 | $2,997 | $256,538 | $30,042 | $226,496 |
| 2021 | $2,989 | $251,508 | $29,453 | $222,055 |
| 2020 | $2,909 | $248,929 | $29,151 | $219,778 |
| 2019 | $2,900 | $244,048 | $28,579 | $215,469 |
| 2018 | $2,831 | $239,263 | $28,019 | $211,244 |
| 2017 | $2,750 | $234,572 | $27,470 | $207,102 |
| 2016 | $2,487 | $229,972 | $26,931 | $203,041 |
| 2015 | $2,431 | $226,517 | $26,526 | $199,991 |
| 2014 | $2,369 | $222,079 | $26,006 | $196,073 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Seller's Agent in 2024
Kristopher German
RE/MAX
(909) 645-0443
127 Total Sales
-
Cheryleigh Aday
Seller Co-Listing Agent in 2024
Cheryleigh Aday
HERITAGE REALTY
(909) 641-9886
71 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24237138
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.
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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