Seller's Agent in 2021
Kevin Struve
MARCUS & MILLICHAP
(909) 456-3400
4 in this area
8 Total Sales
635 E 8th St Upland, CA 91786
6
Beds
4
Baths
9,029
Sq Ft
1.02
Acres
Highlights
- 1.02 Acre Lot
- No HOA
- Foothills
- Edison Elementary School Rated A-
- Laundry Room
- 1-minute walk to Olivedale Park
About This Home
As of October 2021The 8th Street Apartments is located at 623-635 E.8th St. in Upland, CA. The investment offering is a 12-unit multi-family asset located on 2 parcels, with a combined lot size of 1.02 Acres. In the same ownership for the past 50+ years, said property is a well maintained property and consistently has a high occupancy level. The Unit Mix consists of the following: 7 Two Bedroom / One Bathroom Single Story Units, 4 One Bedroom / One Bathroom Units and 1 Three Bedroom / Two Bathroom Single Family House.
Ten of the Twelve Units have Washer /Dryer Hook-Ups and the units are upgraded with Dual Pane Vinyl Windows. Ample parking is provided with single car garages, carport and open parking spaces. In the past 2 years, four of the units have received complete interior upgrades. In April 2021, the 8th St. Apartments obtained Section 1 Termite Clearance. The units are individually metered for gas & electric and the landlord is responsible for water, sewer and trash. The 8th Apartments is located in close proximity to the Upland Train Station, Downtown Upland, Parks and local schools. Please note the Close of Escrow on the property shall occur on October 11, 2021 or thereafter. Please do not disturb the tenants and/or walk on the property. Please contact listing agent for further details.
Last Agent to Sell the Property
MARCUS & MILLICHAP License #01266441 Listed on: 04/30/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 1.02 Acre Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
- 1046571100000
Parking
- 5 Car Garage
- 8 Open Parking Spaces
- 9 Carport Spaces
- Parking Available
- Driveway
Home Design
- Property Attached
Interior Spaces
- 9,029 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Utilities
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 636
- Tax Tract Number 904
- Assessor Parcel Number 1046571090000
Community Details
Overview
- No Home Owners Association
- 8 Buildings
- 12 Units
- Foothills
Building Details
- 12 Leased Units
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $4,800
- Insurance Expense $5,622
- Maintenance Expense $8,400
- Pest Control $645
- Professional Management Expense $8,918
- Supplies Expense $176
- Trash Expense $2,466
- Water Sewer Expense $6,977
- New Taxes Expense $30,868
- Operating Expense $69,199
- Gross Income $183,684
- Net Operating Income $109,149
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/08/2021 10/08/21 | Sold | $2,920,000 | -2.7% | $323 / Sq Ft |
| 04/30/2021 04/30/21 | For Sale | $3,000,000 | -- | $332 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Kevin Struve
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21091532
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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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