$1,250,000
We are pleased to present the opportunity to acquire a four-unit multifamily investment property located at 457 Alpine Street in Upland, California. Situated on a quiet tree-lined cul-de-sac street, the property offers investors the opportunity to acquire a well-located apartment asset within one of the Inland Empire’s most desirable rental markets. The property consists of approximately 3,456 square feet of rentable building area situated on a 0.17-acre RM-20 zoned lot. The two-story fourplex features a desirable unit mix consisting entirely of two-bedroom / one-bathroom units. The property offers four covered carport parking spaces and two additional open parking spaces, along with ample street parking availability. Additional property amenities include an onsite laundry room, central heating, wall-mounted air conditioning units, and a shaded courtyard area that enhances the tenant experience. Ownership currently pays for water, sewer, trash, and gas utilities. The property benefits from a highly desirable Upland location just blocks from Downtown Upland, offering tenants convenient access to a variety of restaurants, retail, entertainment, and neighborhood services. The asset is also located near Upland High School and provides convenient connectivity to surrounding employment centers and major transportation corridors throughout the Inland Empire and San Gabriel Valley. Additionally, the property is not subject to local city rent control and is governed only by California’s statewide rent control regulations under AB 1482. Overall, the offering represents an opportunity to acquire a well-maintained multifamily asset in a strong rental submarket with stable tenant demand, an attractive unit mix, and long-term investment potential in the highly sought-after Upland market.
CV26112498
MLS
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Active Under Contract
Status
457 W Alpine, Upland