Upland, CA 91786 1097 Richland Street
$1,620,000
Presented By: Benjamin Lin with 1000 Realty Corporation; 626-233-3678
Beds • 10
Baths • 5
SQFT • 4,400
Garage • 5
Year Built • 1979
Home Details
Excellent income with big potential! Actual income is $123,414/yr. Great location with huge lot. Rent is below market. All 2 bedrooms and 1 bathroom. Big lot may build additional ADU or units. The buyer must verify with City. Convenient location closed shopping center, school, freeway and supermarket. Built in 1979. Each unit has 1 car garage with 1 parking space plus additional one guess parking(11 parking total). No local rent control.
Presented By: Benjamin Lin with 1000 Realty Corporation; 626-233-3678
Interior Features for 1097 Richland Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Total Stories2
General for 1097 Richland Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.65
Carport Y/NNo
CityUpland
Community FeaturesCurbs
CountySan Bernardino
DirectionsTake I-10 E to Upland. Take exit 51 from I-10 E
Electric Expense303.27
Electric On Property Y/NNo
Fuel Expense1356.0
Garage Spaces5.0
Garage Y/NYes
Gross Income123414.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense1750.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet12802.0
Lot Size UnitsSquareFeet
MLS Area690 - Upland
MaintenanceExpense2576.0
MobileHomeRemainsYNNo
Net Operating Income91526.4
New ConstructionNo
Number Of Units Total5
Operating Expense31887.6
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot0
Taxes$20,250
Tenant PaysElectricity, Gas
Trash Expense0.0
Water Sewer Expense4211.4
Waterfront Y/NNo
Year Built1979
Year Built SourcePublicRecords
Exterior for 1097 Richland Street
Building Area Total4400.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.2939
Lot Size Area12802.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$1,620,000
MLS#AR22215701
List Date
10/04/2022
Property Type
Multi-Family
Phone
(562) 818-1655
