NOT LISTED FOR SALE

549 E 9th St Upland, CA 91786

1 Bed
2 Baths
3,850 Sq Ft
0.35 Acres

Last Sold June 20, 2016

Last sale price $825,000 $214 Per Sq Ft

89 Days on Market

About This Home

As of June 2016

Highlights; Very competitive offering cost per unit at $112,500. Historic Downtown Upland location. Quiet residential neighborhood.Turnkey, finance-able asset. Strong rental market with rental comparables illustrating a 99% occupancy area, non rent controlled area.

This 8 unit apartment building sits on a 15,246 square foot lot. The building itself is composed of two studio units and six, 1 bedroom 1 bathroom units.

Located in the most historic part of Upland, the building is a single block away from Historic Downtown Upland. Historic Downtown Upland boasts roughly 200 different businesses, providing a diversity of merchandise and services. The area is also the focus of a revitalization effort detailed by the specific plan of the city; the vacant land in the downtown area is intended to be redeveloped into parking, commercial, and residential developments.

The property is just 6 minutes walking distance from the Upland Metrolink station. The Upland Metrolink station is part of Metrolink' s San Bernardino Line and connect riders to L.A. Union Station. Many riders are commuters who commute to work via the train station; just under 3.2 million riders take the San Bernardino Line every year.

Last Agent to Sell the Property

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 02/24/2016

Last Buyer's Agent

Rachel Winetsky

RE/MAX CHAMPIONS License #00909931

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 0.35 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 3,850 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 433
  • Assessor Parcel Number 1046433180000

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $740
  • Insurance Expense $1,883
  • Professional Management Expense $2,887
  • Trash Expense $2,441
  • Water Sewer Expense $1,622
  • New Taxes Expense $10,600
  • Gross Income $6,450
  • Net Operating Income $47,797

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • CapRate: 5.31
  • Professional Management Expense: 2887.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1622.00
  • Property Type: Residential Income
  • Parcel Number: 1046433180000
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 214.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2441.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 15045.00
  • Price Per Lot Square Foot: 54.84
  • Lot Size Acres: 0.3450

Multi Family

  • Average1 Bed Area: 500
  • Average Studio Area: 325
  • Electric Expense: 740.00
  • Gross Income: 6450.00
  • Gross Scheduled Income: 77900.00
  • Insurance Expense: 1883.00
  • Lot Size Area: 15045.0000 Square Feet
  • Net Operating Income: 47797.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 27766.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10600.00
  • Tax Lot: 18
  • Tax Tract Number: 433

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
06/20/2016 06/20/16 Sold $825,000 -17.5% $214 / Sq Ft
05/23/2016 05/23/16 Pending -- -- --
02/24/2016 02/24/16 For Sale $1,000,000 -- $260 / 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 2016

    Albert Le

    LE INVESTMENT GROUP

    (909) 256-7889

    24 Total Sales

    Albert Le
    Section Image
  • Rachel Winetsky

    Buyer's Agent in 2016

    Rachel Winetsky

    RE/MAX

    (909) 957-5558

    6 in this area

    63 Total Sales

    Rachel Winetsky
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV16038476

California Regional Multiple Listing Service (CRMLS)
California San Bernardino County Upland 91786

549 E 9th St, Upland, CA

Not Listed for Sale

MultiFamily

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