NOT LISTED FOR SALE

542 E 9th St Upland, CA 91786

6 Beds
6 Baths
2,800 Sq Ft
1955 Built

Last Sold July 31, 2018

Last sale price $960,000 $343 Per Sq Ft

16 Days on Market

Highlights

  • Laundry Room
  • Upland High School Rated A-
  • 1-Story Property

About This Home

As of July 2018

First Time on Market in Last 30 Years. The 9th Street Apartments is a 6-unit multifamily property constructed in 1955 on a 8,700 square lot, with a total building size of 2,800 square feet. The neatly landscaped, single-story property is separately metered for gas and electric, newly painted exterior of the building, termite work recently completed, and offers assigned single-car garage and open-space parking, on-site laundry room, and community outdoor courtyard. The 9th Street Apartments consists of six one-bedroom/one-bathroom units. The units offer individual water heaters, window blinds, gas stoves, carpet flooring, and security doors. The property is on a single lot with one APN: 1046-582-08. There are brand new developed residential townhomes and a 111-unit multifamily plan approved development right behind this property.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Listed on: 06/26/2018

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS Listed on: 06/26/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,477

Year Built

  • Built in 1955

Lot Details

  • 8,700 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 6 Open Parking Spaces
  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 903
  • Assessor Parcel Number 1046582080000

Community Details

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Fuel Expense $300
  • Gardener Expense $720
  • Insurance Expense $1,400
  • Maintenance Expense $3,605
  • Trash Expense $720
  • Water Sewer Expense $3,000
  • New Taxes Expense $10,477
  • Operating Expense $21,722
  • Gross Income $73,664
  • Net Operating Income $49,765

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,477

Year Built

Built in 1955

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.24
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 1046582080000
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 342.86

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8700.00

Multi Family

  • Electric Expense: 300.00
  • Fuel Expense: 300.00
  • Gross Income: 73664.00
  • Gross Multiplier: 13.04
  • Gross Operating Income: 71454.00
  • Gross Scheduled Income: 72840.00
  • Insurance Expense: 1400.00
  • Laundry Income: 824.00
  • Maintenance Expense: 3605.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 49765.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 21690.00
  • Operating Expense Percent: 30.35
  • Rent Control: No
  • Total Actual Rent: 6070.00
  • Total Expenses: 21722.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10477.00
  • Tax Census Tract: 9.03
  • Taxes Percent: 14.53
  • Tax Lot: 9
  • Tax Rate: 1.07
  • Tax Tract Number: 000903
  • Tax Annual Amount: 10477.00
  • Tax Year: 2018
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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
07/31/2018 07/31/18 Sold $960,000 +1.1% $343 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
06/26/2018 06/26/18 For Sale $950,000 -- $339 / 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 $11,730 $1,070,900 $373,699 $697,201
2024 $11,358 $1,049,902 $366,372 $683,530
2023 $11,190 $1,029,315 $359,188 $670,127
2022 $10,950 $1,009,132 $352,145 $656,987
2021 $10,942 $989,345 $345,240 $644,105
2020 $10,646 $979,200 $341,700 $637,500
2019 $10,610 $960,000 $335,000 $625,000
2018 $5,694 $509,326 $161,690 $347,636
2017 $5,530 $499,340 $158,520 $340,820
2016 $5,280 $489,549 $155,412 $334,137
2015 $5,160 $482,196 $153,078 $329,118
2014 $5,027 $472,750 $150,079 $322,671
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18153186

California Regional Multiple Listing Service (CRMLS)