Est. cap rate

3.6%

Assumed rent, all units

$8,840/mo

Units

4

Price per unit

$368,750

Est. annual NOI

$53,040

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

4,024 sqft

Lot size

7,767 sqft

Year built

1964

Stories

2

Garage spaces

4

Pool

None

Status

Active

Days on market

1

MLS #

248463914

About this property

Rare opportunity to acquire two adjacent fourplexes (1226 W 11th St and 1232 W 11th St) totaling 8 residential units on two separate parcels with two APNs in Upland, CA. Located just one block south of Foothill Blvd, these properties are being sold together, offering investors the opportunity to expand their multifamily portfolio with two neighboring income-producing assets. Residential financing is available for each property individually. All 8 units feature a desirable 2-bedroom, 1.5-bathroom floor plan. Each unit is separately metered for electricity and gas, while a central 100-gallon water heater services each fourplex. The landlord is responsible for water, sewer, and trash expenses. Both properties offer on-site laundry facilities operated by a third-party laundry company, providing added convenience for tenants. The two laundry rooms also have its own separate gas and electric meters. Additional features include front and rear privacy gates, a sprinkler system in the front and courtyard, and rear alley access for added convenience. Parking includes four garages per fourplex. Tenant storage areas are also provided within the garages. All tenants are currently on month-to-month leases. Three (3) units can be delivered vacant at Close of Escrow.

Location

1232 W 11th

Upland, San Bernardino, CA, 91786