NOT LISTED FOR SALE

542 E 9th St Upland, CA 91786

6 Beds
6 Baths
2,800 Sq Ft
8,700 Sq Ft Lot Lot

Sale Details

Date Sold: July 31, 2018

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

16 Days on Market

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 in unit

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

8,700 Sq Ft Lot

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

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
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

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
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)
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