
Upland, California 91786
This High-Potential Investment Opportunity consists of two adjacent fourplexes, listed at a List Price of $1,475,000—positioned slightly above the $1,393,646 Fair Market Value. While not a discount play, the asset offers significant upside through its Fair Condition Rating and the ability to deliver three units vacant at closing. With a 2-bedroom, 1.5-bathroom unit mix and separate utility metering, this property is a prime candidate for a value-add repositioning strategy. It is an ideal acquisition for Buy-and-Hold Investors or Multifamily Developers seeking to scale their portfolio.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1226 W 11th Subject 0 bd · 0 ba · 4,024 sqft · $346 | $1,475,000* List Price | 0 | 0 | 4,024 | $346 | - |
A 290 Spencer Sold 0 bd · 0 ba · 3,733 sqft · $287 · 0.9 mi | $1,070,000 | 0 | 0 | 3,733 | $287 | 0.9 mi |
B 457 W Alpine Sold 0 bd · 0 ba · 3,456 sqft · $333 · 0.9 mi | $1,150,000 | 0 | 0 | 3,456 | $333 | 0.9 mi |
C 1232 W 11th Active 0 bd · 0 ba · 4,024 sqft · $367 · 0.0 mi | $1,475,000 List Price | 0 | 0 | 4,024 | $367 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, the property shows signs of cosmetic updates including newer laminate flooring and painted cabinetry. However, it remains dated with popcorn ceilings, original wall heaters, and older appliances. While functional and well-maintained for its age, the kitchens and systems likely exceed the 20-year threshold for a full renovation.
As a quadruplex, this property qualifies for residential financing, offering investors the advantage of lower interest rates and more accessible loan terms compared to commercial multifamily properties.
With all tenants on month-to-month leases and three units delivered vacant at closing, the new owner has an immediate opportunity to renovate and reposition the property to achieve current market rents.
The uniform 2-bedroom, 1.5-bathroom floor plans are highly sought after by tenants, providing a competitive edge in the rental market and supporting long-term occupancy.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4024, other record living area = 2964.
The landlord is responsible for water, sewer, and trash costs, which increases operating overhead and can reduce net operating income compared to properties where tenants pay all utilities.
Built in 1964, the property may require significant capital expenditures for long-term maintenance or upgrades to major systems like the central water heater and original plumbing.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,024 | 2,701 |
| Lot Size | 7,767 | 9,354 |
| Price | $1.48M | $933.6K |
| Price per sq ft | $367 | $406 |
| Built year | 1964 | 1935 |
| HOA | $0 | $109 |
| Days on market | 10 | 65 |
Oct 14, 2026
$1,475,000
Initial Listing
Aug 15, 2019
$975,000
Public Record