Seller's Agent in 2016
Albert Le
LE INVESTMENT GROUP
(909) 256-7889
23 Total Sales
549 E 9th St Upland, CA 91786
1
Bed
2
Baths
3,850
Sq Ft
15,028
Sq Ft
About This Home
As of June 2016Highlights; 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
LE INVESTMENT GROUP License #01468313 Listed on: 02/24/2016
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
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Home Values in the Area
Average Home Value in this Area
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
| 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 | $14,020 | $1,282,796 | $272,274 | $1,010,522 |
| 2024 | $10,270 | $945,879 | $266,935 | $678,944 |
| 2023 | $10,118 | $927,332 | $261,701 | $665,631 |
| 2022 | $9,901 | $909,149 | $256,570 | $652,579 |
| 2021 | $9,893 | $891,322 | $251,539 | $639,783 |
| 2020 | $9,625 | $882,183 | $248,960 | $633,223 |
| 2019 | $9,593 | $864,885 | $244,078 | $620,807 |
| 2018 | $9,634 | $847,926 | $239,292 | $608,634 |
| 2017 | $9,087 | $831,300 | $234,600 | $596,700 |
| 2016 | $3,383 | $313,244 | $74,513 | $238,731 |
| 2015 | $3,306 | $308,539 | $73,394 | $235,145 |
| 2014 | $3,221 | $302,495 | $71,956 | $230,539 |
Source: Public Records
Agents Affiliated with this Home
-
Albert Le
-
Rachel Winetsky
Buyer's Agent in 2016
Rachel Winetsky
RE/MAX
(909) 957-5558
7 in this area
62 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV16038476
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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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