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About the Listing 31473 - A35014
6.28% Cap Rate – Strong Cash Flow with Approx. $240,000 Annual Gross Income Exceptional investment opportunity in the highly desirable city of Upland! Built in 1986, this well-maintained two-story, 9-unit multifamily property offers a strong mix of spacious two-bedroom units—including six townhome-style units with 1.5 baths( 3- townhome style unit has private patio) and three upper-level units with 1 bath. Each residence is equipped with central AC and a dedicated 1-car garage for added convenience. Residents enjoy onsite laundry facilities and 10 additional surface parking spaces, for a total of 19 parking spots. All units are separately metered for gas and electricity, with water being master-metered. The property is fully occupied with long-term, reliable tenants and strong in-place rents, generating approximately $240,000 in annual gross income and offering a 6.28% cap rate with low operating expenses. Situated in a prime location near schools, shopping, historic Downtown Upland, and public transit, this asset presents stable cash flow and long-term appreciation potential. Drive-by only—please do not disturb tenants. Property to be sold AS IS, with interior access granted upon an accepted offer. Seller did improvements include: roof, AC units, and water heaters.
Listing Highlights for 120 N 13th Ave
Status
Active
Days on Site
16
Property Type
Multi-Family
MLS ®
AR25232778
Year Built
1986
Total Square Footage
8,105
Lot/Acreage
0.38
County
San Bernardino
Area
690 - Upland
Interior Details
- Bedrooms: 12
- Bathrooms: 9 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 6-10 Units/Acre,No Land Lease
- Garage Capacity: 9 car
- Parking Spaces: 19
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 1046532140000
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
120 N 13th Ave Upland, CA 91786
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