530 E 9th St, Upland, CA 91786

Property Description

Incredible investment and very rare opportunity for 2 single family detached homes built in the early 1900's but new roofs, new electrical, new pipes and plumbing, new flooring, new appliances, new lighting, high vaulted ceilings. 2 single family detached houses with private yards, each has it's own washer & dryer. A duplex built in 1954 which has 2 bedrooms 1 bath each and those are also in mint condition. The best of all is a working garage/warehouse. The tenant is in until July 2022 but can be given a 30 days notice at any time and all of the residential folks are on a month to month lease contract and they hope to stay. The garage warehouse tenant pays $3500 a month. There are 4 fully permitted lifts and 2 fully permitted lifts outside and the warehouse can be turned into almost anything and the auto garage is fully permitted. Great source of income just under $10,000 per month. The houses are rented for $1500, $1485, and the duplex is $1600 and $1500. The rents are low can be raised at any time. The garage tenant is paying $3500 currently. Great corner location next to vacant land slated for development for fine dining, entertainment, live work loft space. Incredible future development site. Value will continue to rise along with rents! Mixed use very rare opportunity. Drive by only all offers subject to interior inspection. Come on over and stay awhile and enjoy the beautiful downtown Upland atmosphere. Charming craftsman homes , views of Mt. Baldy, close to metro.