542 E 9th Street

    Upland, CA 91786
    • $960,000
    • STATUS: Closed
    • ON SITE: 143 days
    • ID#: CV18153186
    Sold - 07/31/2018
    $960,000
    SOLD - 07/31/2018
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,800
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    Description

    First Time on Market in Last 30 Years. The 9th Street Apartments is a 6-unit multifamily property constructed in 1955 on a 8,700 square lot, with a total building size of 2,800 square feet. The neatly landscaped, single-story property is separately metered for gas and electric, newly painted exterior of the building, termite work recently completed, and offers assigned single-car garage and open-space parking, on-site laundry room, and community outdoor courtyard. The 9th Street Apartments consists of six one-bedroom/one-bathroom units. The units offer individual water heaters, window blinds, gas stoves, carpet flooring, and security doors. The property is on a single lot with one APN: 1046-582-08. There are brand new developed residential townhomes and a 111-unit multifamily plan approved development right behind this property.

    Sold by Eric Chen of Cb Richard Ellis.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/85041533

    542 E 9th Street Upland, CA 91786

    • Price: $950,000
    • Status: Closed
    • Updated: 56 min ago
    • ID#: CV18153186
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    2,800
    SQFT
    $0
    $/SQFT
    1955
    Built
    Neighborhood:
    690 - Upland
    County:
    San Bernardino
    Area:
    690 - Upland
    Property Description
    First Time on Market in Last 30 Years. The 9th Street Apartments is a 6-unit multifamily property constructed in 1955 on a 8,700 square lot, with a total building size of 2,800 square feet. The neatly landscaped, single-story property is separately metered for gas and electric, newly painted exterior of the building, termite work recently completed, and offers assigned single-car garage and open-space parking, on-site laundry room, and community outdoor courtyard. The 9th Street Apartments consists of six one-bedroom/one-bathroom units. The units offer individual water heaters, window blinds, gas stoves, carpet flooring, and security doors. The property is on a single lot with one APN: 1046-582-08. There are brand new developed residential townhomes and a 111-unit multifamily plan approved development right behind this property.
    Exterior Features

    Garage Spaces 6.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 12.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.24 Community Features CurbsSidewalks Country Us Electric Expense 300.00 Elevation Units Feet Fuel Expense 300.00 Gardener Expense 720.00 Gross Income 73664.00 Gross Multiplier 13.04 Gross Operating Income 71454.00 Gross Scheduled Income 72840.00 Insurance Expense 1400.00 Land Lease YN No Laundry Income 824.00 Laundry YN Yes Maintenance Expense 3605.00 Maintenance Percent 5.00 Net Operating Income 49765.00 New Taxes Expense 10477.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 21690.00 Operating Expense Percent 30.35 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tax Annual Amount 10477.00 Tax Rate 1.07 Tax Year 2018 Taxes Percent 14.53 Total Actual Rent 6070.00 Total Expenses 21722.00 Trash Expense 720.00 Vacancy Allowance 2210 Vacancy Allowance Rate 3.00 Water Sewer Expense 3000.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Eric Chen of Cb Richard Ellis.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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