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Sherry Ramos

sherry.ramos@engelvoelkers.com +1(818) 429-2793

$ 1,500,000

Est. payment -/mo

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Active

1396 Randy ST Upland, CA 91786

4,028 SqFt

UPDATED:

10/24/2024 10:22 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,028 sqft

Price per Sqft $372

MLS Listing ID CV24166610

HOA Y/N No

Year Built 1975

Lot Size 7,801 Sqft

Property Description

Exceptional Upland 4-Plex Property: A Unique Investment Opportunity In the realm of real estate, finding a property that seamlessly combines practicality with potential is a rare delight. The exceptional Upland 4-plex property stands out as one such opportunity, boasting a unique configuration that caters to a variety of residential needs. With each unit featuring two bedrooms and 1.5 baths. One of the distinguishing features of this 4-plex is its thoughtful design, which includes separate electric and gas meters for each unit. A single central water heater serves the entire building, ensuring efficient operation and reduced maintenance costs. The inclusion of an assigned covered detached parking garage for each unit further adds to the appeal, providing tenants with the security and convenience they desire. The communal coin-operated laundry machine serves as a practical amenity, catering to the needs of all residents while minimizing the space and energy required for individual laundry setups. This communal aspect fosters a sense of community among tenants while promoting an efficient use of resources. Significantly, the property is Section 8 approved, which opens the door to a wider pool of potential tenants. Three of the four units are currently leased, providing immediate rental income for the savvy investor. Meanwhile, the owner occupies the fourth unit, which may be possible for lease back or vacate upon the sale, allowing the new buyer the flexibility to either occupy it or lease it out. Investing in this Upland 4-plex is not merely a financial decision; it is an opportunity to take pride in ownership while contributing positively to the community. In conclusion, the exceptional Upland 4-plex property stands as a testament to thoughtful investment in real estate. With its well-designed units, practical amenities, and the opportunity to generate immediate income it represents a rare find in today’s market. As the demand for quality rental properties continues to rise, this 4-plex offers a promising avenue for investors looking to make a meaningful impact while securing their financial future. Whether for personal use or as a rental property, this investment is poised to deliver both immediate and long-term rewards.

Location

State CA

County San Bernardino

Area 690 - Upland

Zoning RM

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Garage Door-Single, Garage, Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Fence Wood

Pool None

Community Features Street Lights

Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Parking Type Door-Single, Garage, Garage Faces Rear

Total Parking Spaces 4

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 1007492060000

Energy Description 1133.0

Acceptable Financing Conventional, FHA, Submit

Listing Terms Conventional, FHA, Submit

Special Listing Condition Probate Listing

Listed by Samson Debebe • PMI INLAND EMPIRE • 909-527-4440

Sherry Ramos

Advisor | License ID: 01271018

+1(818) 429-2793

Sherry Ramos

1396 Randy ST Upland, CA 91786

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1396 Randy ST