NOT LISTED FOR SALE

549 Alpine St Upland, CA 91786

3 Beds
2 Baths
18,622 Sq Ft
0.76 Acres

Last Sold March 19, 2015

Last sale price $3,150,000 $169 Per Sq Ft

320 Days on Market

Highlights

  • Private Pool
  • Upland High School Rated A-
  • 0.76 Acre Lot

About This Home

As of March 2015

DRIVE BY ONLY. PLEASE DO NOT DISTURB MANAGER OR TENANTS. CONTACT AGENT FOR OFFERING MEMORANDUM.

SELLER JUST RAISED UNDERMARKET RENTS AND NOW OFFERING CAP RATE AT 5.77%

*Offering Cap Rate at 5.77%
*Excellent Unit Mix of One & Two Bedroom Units
*High Demand Rental Location
*High Occupancy Area
*Nearly 10% Upside in Rents per Rental Survey
*Turnkey Asset With Little to no Deferred Maintenance
*Easy I-10 Freeway Access
*Very Competitive Price per
Unit at $125,000

The Alpine Manor Apartments consists of Twenty Six
Units. The Apartment possess an attractive unit mix of
seventeen one bedroom and nine two bedroom units.
Tenants are afforded a clean living environment, secure
carport parking, onsite laundry and a pool. The
community is fully gated which provides privacy and
added security for tenants.
The property has a great Inland Empire location with its
easy access to the I-10 freeway. The city of Upland is
centrally located just 30 miles East of downtown Los

The city of Upland is
centrally located just 30 miles East of downtown Los
Angeles , 30 miles north of Orange county, and just
minutes from both Riverside & San Bernardino counties.

Last Listed By

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 06/16/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.76 Acre Lot
  • Two or More Common Walls
  • Density is 26-30 Units/Acre

Parking

  • 26 Parking Spaces

Home Design

  • 18,622 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Private Pool
  • Urban Location

Listing and Financial Details

  • Tax Lot 585
  • Tax Tract Number 5641
  • Assessor Parcel Number 1046341320000

Community Details

Overview

  • 5 Buildings
  • 26 Units

Building Details

  • 26 Separate Electric Meters
  • 26 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $8,000
  • Insurance Expense $2,599
  • Maintenance Expense $17,175
  • Professional Management Expense $9,599
  • Trash Expense $2,000
  • Water Sewer Expense $3,000
  • New Taxes Expense $39,000
  • Gross Income $14,450
  • Net Operating Income $187,596

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Professional Management Expense: 9599.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 1046341320000
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 169.15

Exterior Features

  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

  • Total Parking Spaces: 26.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 26-30 Units/Acre
  • Lot Size Sq Ft: 32900.00
  • Lot Size Acres: 0.7550

Multi Family

  • Electric Expense: 8000.00
  • Gross Income: 14450.00
  • Gross Scheduled Income: 297300.00
  • Insurance Expense: 2599.00
  • Lot Size Area: 32900.0000 Square Feet
  • Maintenance Expense: 17175.00
  • Net Operating Income: 187596.00
  • Number Of Separate Electric Meters: 26
  • Number Of Separate Gas Meters: 26
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 26
  • Operating Expense: 99631.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 39000.00
  • Tax Lot: 585
  • Tax Tract Number: 5641

Range of Values:

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Sold Price
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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 Change Sq Ft Price
03/19/2015 03/19/15 Sold $3,150,000 -3.1% $169 / Sq Ft
09/08/2014 09/08/14 Pending -- -- --
10/23/2013 10/23/13 For Sale $3,250,000 -- $175 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Albert Le

    Seller's Agent in 2015

    Albert Le

    LE INVESTMENT GROUP

    (909) 256-7889

    26 Total Sales

    Albert Le
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV13217180

California Regional Multiple Listing Service (CRMLS)

California San Bernardino County Upland 91786

549 Alpine St, Upland, CA

Homes for Sale in Upland, CA

This home is located at 549 Alpine St, Upland, CA 91786 since 16 June 2014. This property was built in 1962. 549 Alpine St is a home located in San Bernardino County with nearby schools including Baldy View Elementary School, Upland Junior High School, and Upland High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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