NOT LISTED FOR SALE

774 N 1st Ave Upland, CA 91786

Estimated Value: $975,000 - $1,240,000

5 Beds
4 Baths
2,387 Sq Ft
$446/Sq Ft Est. Value

Last Sold August 06, 2024

Last sale price $1,000,000 $419 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,352/month

34 Days on Market

Highlights

  • Laundry Room
  • Upland High School Rated A-
  • Rectangular Lot

About This Home

As of August 2024

We're pleased to present to market the charming three-unit multifamily investment property located at 774 North 1st Avenue in Upland, California. The property consists of a beautiful three-bedroom/two-bath Victorian home in the front and a rear building with two one-bedroom/one-bath units above four single-car garages. The front home boasts period details, new copper plumbing, and central air conditioning and heating. Additionally, all units feature new hardwood flooring, new paint, and separate gas and electric meters. The property also offers attractive landscaping maintained by a new sprinkler system, and a privacy hedge between the buildings offers some privacy to each yard.

774 North 1st Avenue is very well-located on a quiet tree-lined residential street within just a few blocks of both Upland Junior High and Upland Elementary School. Tenants enjoy easy access to retail along Foothills Boulevard, with major retailers including Vons, Burlington Coat Factory, Ross, AutoZone, McDonald’s, Raising Cane’s, Chase Bank, Coldstone Creamery, and many others within a half-mile of the property. Furthermore, this location offers convenient proximity to freeways: both the 210 and 10 Freeways are within a six-minute drive.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 04/09/2024

Co-Listed By

David O'Keefe

Marcus & Millichap Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01928739

Last Buyer's Agent

Melinda Lira

Home Pride Real Estate License #01900154

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,700

Year Built

  • Built in 1895

Lot Details

  • 7,000 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,387 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 10 / 6
  • Assessor Parcel Number 1046272070000
  • $708 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,700

Year Built

Built in 1895

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 391667
  • Property Attached: No
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 1046272070000
  • Year Built: 1895
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 418.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607
  • Latitude Manual: 34.10304700

Multi Family

  • Lot Size Area: 7000.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 9.01
  • Tax Lot: 10
  • TaxOtherAnnualAssessmentAmount: 708.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2024
Sold by
Castellanos Michelle and Castellanos Miguel
Bought by
Hodge Family Trust and Hodge
Current Estimated Value
$1,065,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 8, 2019
Closed on
Sep 3, 2019
Sold by
Chen Ning and Clien Mci Ling
Bought by
Castellanos Michelle and Castellanos Miguel
Seller's Agent
MeiLing Chen
Ascendant Realty
Buyer's Agent
Peter Stamison
RE/MAX Gateway
List Price
$749,900
Sold Price
$748,000
Premium/Discount to List
-$1,900
-0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.03%
Original Mortgage
$561,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 8, 2019
Closed on
Aug 28, 2019
Sold by
Tristars Investments Llc
Bought by
Chen Ning and Chen Mei Ling
Seller's Agent
MeiLing Chen
Ascendant Realty
Buyer's Agent
Peter Stamison
RE/MAX Gateway
List Price
$749,900
Sold Price
$748,000
Premium/Discount to List
-$1,900
-0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$561,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2015
Sold by
Chen Ning and Chen Mei Ling
Bought by
Tristars Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2015
Sold by
Chen Ning and Chen Mei Ling
Bought by
Chen Ning and Chen Mei Ling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2015
Sold by
U S Bank National Association
Bought by
Chen Ning and Chen Mei Ling

Purchase Details

Closed on
Dec 6, 2014
Sold by
Gonzalez Michel R
Bought by
U S Bank National Association

Purchase Details

Closed on
Jul 28, 2000
Sold by
Wgc Capital
Bought by
Gonzalez Michel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,060
Interest Rate
8.19%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hodge Family Trust $1,000,000 Ticor Title
Castellanos Michelle $748,000 Pacific Coast Title Company
Chen Ning -- Pacific Coast Title Company
Tristars Investments Llc -- Accommodation
Chen Ning -- Wfg Title Company
Chen Ning $520,000 Title365 Company
U S Bank National Association $464,208 First American Title
Gonzalez Michel R -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hodge Family Trust $200,000
Previous Owner Castellanos Michelle $561,000
Previous Owner Chen Ning $360,000
Previous Owner Gonzalez Michel R $456,000
Previous Owner Gonzalez Michel R $256,300
Previous Owner Gonzales Michel R $205,000
Previous Owner Gonzalez Michel R $192,060
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2024 08/06/24 Sold $1,000,000 -14.9% $419 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
05/06/2024 05/06/24 Price Changed $1,175,000 -2.1% $492 / Sq Ft
04/09/2024 04/09/24 For Sale $1,200,000 +60.4% $503 / Sq Ft
09/09/2019 09/09/19 Sold $748,000 -0.3% $313 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
06/08/2019 06/08/19 For Sale $749,900 -- $314 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $8,700 $1,000,000 $350,000 $650,000
2024 $8,700 $802,008 $278,773 $523,235
2023 $8,571 $786,282 $273,307 $512,975
2022 $8,387 $770,865 $267,948 $502,917
2021 $8,381 $755,750 $262,694 $493,056
2020 $8,153 $748,000 $260,000 $488,000
2019 $6,156 $551,563 $192,078 $359,485
2018 $6,005 $540,748 $188,312 $352,436
2017 $5,833 $530,145 $184,620 $345,525
2016 $5,605 $519,750 $181,000 $338,750
2015 $3,292 $307,176 $100,304 $206,872
2014 -- $301,159 $98,339 $202,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24069755

California Regional Multiple Listing Service (CRMLS)

APN: 1046-272-07