1097 Richland Street, Upland, CA 91786
List Price: $1.62M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1979
Lot Size: 12,802 sq ft
Garage Spaces: 5
Private Pool: Yes
MLS Number: AR26135473
About This Property
Excellent income with big potential! Actual income is $123,414/yr. Great location with huge lot. The rent is below market. All 2 bedrooms and 1 bathroom. A big lot may build additional ADU or units. The buyer must verify with the City. Convenient location closed shopping center, school, freeway and supermarket. Short drive to Upland’s historic downtown, Montclair Plaza, and Claremont Village. Built in 1979. Each unit has 1 car garage with 1 parking space plus an additional one guess parking(11 parking total). No local rent control. Strong rental demand in the area. The annual rent increase period for all five tenants has already expired. Since there is no local rent control, the buyer can raise the rent significantly within California’s legal limits and become the biggest beneficiary.
Listing provided by: Benjamin Lin DRE #01383988 626-656-8600 cbbenlin@hotmail.com, 1000 Realty Corporation
Source: CRMLS, MLS #: AR26135473
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.