Under contract
Active Under Contract
1396 Randy Street
Upland CA, 91786
$1,395,000
$346.33 per sqft
Under contract
Active Under Contract
4,028 sqft
Multi-family
Built in 1975
Listed by Samson Debebe with PMI INLAND EMPIRE 909-527-4440
Exceptional Upland 4-Plex Property: A Unique Investment Opportunity In the realm of real estate, finding a property that seamlessly combines practicality with potential is a rare delight. The exceptional Upland 4-plex property stands out as one such opportunity, boasting a unique configuration that caters to a variety of residential needs. With each unit featuring two bedrooms and 1.5 baths. One of the distinguishing features of this 4-plex is its thoughtful design, which includes separate electric and gas meters for each unit. A single central water heater serves the entire building, ensuring efficient operation and reduced maintenance costs. The inclusion of an assigned covered detached parking garage for each unit further adds to the appeal, providing tenants with the security and convenience they desire. The communal coin-operated laundry machine serves as a practical amenity, catering to the needs of all residents while minimizing the space and energy required for individual laundry setups. This communal aspect fosters a sense of community among tenants while promoting an efficient use of resources. Significantly, the property is Section 8 approved, which opens the door to a wider pool of potential tenants. Three of the four units are currently leased, providing immediate rental income for the savvy investor. Meanwhile, the owner occupies the fourth unit, which may be possible for lease back or vacate upon the sale, allowing the new buyer the flexibility to either occupy it or lease it out. Investing in this Upland 4-plex is not merely a financial decision; it is an opportunity to take pride in ownership while contributing positively to the community. In conclusion, the exceptional Upland 4-plex property stands as a testament to thoughtful investment in real estate. With its well-designed units, practical amenities, and the opportunity to generate immediate income it represents a rare find in today's market. As the demand for quality rental properties continues to rise, this 4-plex offers a promising avenue for investors looking to make a meaningful impact while securing their financial future. Whether for personal use or as a rental property, this investment is poised to deliver both immediate and long-term rewards.
CV24166610
MLSⓇ ID
September 7, 2024
Listed
December 12, 2024
Updated
Map
1396 Randy Street
Upland CA, 91786
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.18 Acres
Lot Features
Street Level
Sewer
Public Sewer
Other Property Details
Area Name
690 - Upland
Days on Market
93
Garage
Yes
Garage Spaces
4
Parking
Door-Single, Garage, Garage Faces Rear
Parking Total
4
View
No
County
San Bernardino
Water Source
Public
Pool
No
Pool Features
None
Zoning
RM
Listing History
Date | Event | Price |
---|---|---|
12/10/2024 | Under contract | — |
11/22/2024 | Price change | $1,395,000 -8% |
Listing Contact: 909-527-4440
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/12/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/12/2024 at 12:41 AM UTC