549 E 9th St, Upland, CA 91786

Property Description

Highlights; Very competitive offering cost per unit at $112,500. Historic Downtown Upland location. Quiet residential neighborhood.Turnkey, finance-able asset. Strong rental market with rental comparables illustrating a 99% occupancy area, non rent controlled area.
 
 This 8 unit apartment building sits on a 15,246 square foot lot. The building itself is composed of two studio units and six, 1 bedroom 1 bathroom units.
 
 Located in the most historic part of Upland, the building is a single block away from Historic Downtown Upland. Historic Downtown Upland boasts roughly 200 different businesses, providing a diversity of merchandise and services. The area is also the focus of a revitalization effort detailed by the specific plan of the city; the vacant land in the downtown area is intended to be redeveloped into parking, commercial, and residential developments.
 
 The property is just 6 minutes walking distance from the Upland Metrolink station. The Upland Metrolink station is part of Metrolink' s San Bernardino Line and connect riders to L.A. Union Station. Many riders are commuters who commute to work via the train station; just under 3.2 million riders take the San Bernardino Line every year.