Upland, CA 91786 263 S 3rd Avenue
$975,000
8 more
Presented By: Kevin Struve with MARCUS & MILLICHAP; kevin.struve@marcusmillichap.com
Beds • 2
Baths • 1
SQFT • 1,850
Garage • 3
Year Built • 1953
Home Details
We are pleased to present a triplex located at 263 S 3rd Ave in Upland, California. The
property includes 2 single-story buildings with a total of ±1,850 square feet , built in ±1955 and situated
on a ±0.16-acre lot. The front unit is a 2-bedroom, 1-bath (750 sq ft), and the two rear units are 1-bedroom,
1-bath (550 sq ft each). Each unit has washer & dryer hook-ups, an individual water heater, wall a/c, gas wall-heater, single-car
garage and one open parking space. In addition, the two buildings received new exterior paint and the
interiors are all fully upgraded in the past four years, providing added value to the property.
The property is individually metered for gas and electricity, with the owner covering water, trash, and
sewer costs. This is a stable asset in a desirable location, just a few blocks from downtown Upland, making
it a solid investment opportunity with strong rental income and future potential.
Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property.
For Further Information, Please Contact the Listing Agents
Presented By: Kevin Struve with MARCUS & MILLICHAP; kevin.struve@marcusmillichap.com
Interior Features for 263 S 3rd Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesElectricDryerHookup, GasDryerHookup
Total Stories1
Other Rooms
Entry Level1
General for 263 S 3rd Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.43
Carport Y/NNo
CityUpland
Community FeaturesCurbs
ContingencyNone
CountySan Bernardino
DirectionsE. 8th St and S. 3rd Avenue
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense0.0
Garage Spaces3.0
Garage Y/NYes
Gross Income67800.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense2100.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan
Lot Size Square Feet6961.0
Lot Size UnitsSquareFeet
MLS Area690 - Upland
MaintenanceExpense3600.0
MobileHomeRemainsYNNo
Net Operating Income43162.0
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces3.0
Operating Expense22604.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot29
Taxes$10,676
Tenant PaysElectricity, Gas
Total Actual Rent5650.0
Trash Expense2748.0
Water Sewer Expense2400.0
Year Built1953
Year Built SourcePublicRecords
Exterior for 263 S 3rd Avenue
Building Area Total1850.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre
Lot Size Acres0.1598
Lot Size Area6961.0
Lot Size SourcePublicRecords
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
