5 Large Units with Huge Lot Built in 1979 | 1097 E Richland St
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5 Large Units with Huge Lot Built in 1979 1097 E Richland St
5 Unit Apartment Building $1,620,000 ($324,000/Unit) 5.01% Cap Rate Upland, CA 91786
Investment Highlights
- All 2 bedrooms
- Huge Lots 12,802 SF. Possibility to build additional ADU or units. Check with City.
- Great Location
- Built in 1979, no local rent control
- Rent is below market
- Parking space with car garage for each unit
Executive Summary
Actual rent is $113,040/yr. 5% CAP Rate. Great location with huge lot. Rent is below market can be increased in this month. 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. No local rent control
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,620,000 | Building Class | C |
| Price Per Unit | $324,000 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 4,400 SF |
| Cap Rate | 5.01% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 2.27/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,620,000 |
| Price Per Unit | $324,000 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.27/1,000 SF |
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $18,680 | - |
| 2+1 | 1 | $1,767 | - |
| 2+1 | 1 | $1,767 | - |
| 2+1 | 1 | $18,680 | - |
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PROPERTY TAXES
| Parcel Number | 1047-192-33 | Improvements Assessment | $516,461 |
| Land Assessment | $266,935 | Total Assessment | $783,396 |
PROPERTY TAXES
Parcel Number
1047-192-33
Land Assessment
$266,935
Improvements Assessment
$516,461
Total Assessment
$783,396
zoning
| Zoning Code | RS7.5, Upland |
| RS7.5, Upland |
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5 Large Units with Huge Lot Built in 1979 | 1097 E Richland St
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