Upland, CA 91786 1424 Springfield Street
$1,400,000
7 more
Presented By: Kevin Struve with MARCUS & MILLICHAP; kevin.struve@marcusmillichap.com
Beds • 8
Full/Half Baths • 4 / 4
SQFT • 4,028
Garage • 4
Year Built • 1965
Home Details
We are pleased to exclusively present the opportunity to acquire 1424 Springfield St, a 4-unit multi-family investment property located in the city of Upland, California. Constructed in 1965, the property sits on an 7,800 square feet parcel with a building area of 4,028 square feet. The property consists of four spacious two-bedroom / one & half bathroom floor plans with approximately 1,000 square feet per unit. The building offers its tenants one laundry, enclosed garage parking and enclosed patio's in three units. Each unit is individually metered for gas and electricity, with the landlord responsible for water, sewer and trash. During long term ownership, the water lines have been upgraded to copper and each building is equipped with a 100-gallon water heater. The property is located in a prime rental area of Upland, offering both stable cash flow and future upside potential.
Presented By: Kevin Struve with MARCUS & MILLICHAP; kevin.struve@marcusmillichap.com
Interior Features for 1424 Springfield Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1424 Springfield Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityUpland
Community FeaturesSidewalks
CountySan Bernardino
DirectionsWilson Ave and Springfield Ave
Electric Expense518.0
Electric On Property Y/NNo
Entry LocationFlat
Garage Spaces4.0
Garage Y/NYes
Gross Income76800.0
HOANo
Home Warranty Y/NNo
Insurance Expense4029.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet7800.0
Lot Size UnitsSquareFeet
MLS Area690 - Upland
MaintenanceExpense4000.0
MobileHomeRemainsYNNo
Net Operating Income44753.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces2.0
Operating Expense32023.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot26
Taxes$14,837
Tenant PaysElectricity, Gas
Total Actual Rent6400.0
Trash Expense1543.0
Water Sewer Expense2426.0
Waterfront Y/NNo
Year Built1965
Year Built SourcePublicRecords
Exterior for 1424 Springfield Street
Building Area Total4028.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre
Lot Size Acres0.1791
Lot Size Area7800.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,400,000
MLS#CV25041520
List Date
02/25/2025
Property Type
Multi-Family
Phone
(310) 963-5595
