
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 the property carries a Fair Condition Rating due to its 1964 vintage, the asset offers significant upside through its 8-unit residential income structure and separate APN parcels, allowing for individual residential financing. With three units delivered vacant, this is a prime value-add acquisition for Buy-and-Hold Investors or Multifamily Developers seeking to modernize units and optimize rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1232 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 1226 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 is well over 50 years old but has received cosmetic updates. While the laminate flooring and painted cabinetry are functional, the units remain dated with popcorn ceilings, wall heaters, and window AC units. The systems and overall aesthetic fall into the 'Fair' category as they are functional but will eventually require modernization and minor repairs.
Because the units are situated on two separate parcels with individual APNs, investors can utilize residential financing for each fourplex, which typically offers more favorable interest rates and terms than commercial loans.
With all tenants currently on month-to-month leases and three units delivered vacant at the close of escrow, there is a significant opportunity to immediately renovate and bring rents up to current market rates.
The property features a desirable uniform 2-bedroom, 1.5-bathroom layout across all units, and separate metering for gas and electricity helps minimize landlord utility overhead and operational expenses.
The landlord is responsible for water, sewer, and trash, and the use of a central 100-gallon water heater means the owner bears the cost of heating water for all tenants, which can impact net operating income.
Built in 1964, the property may require ongoing capital expenditures for aging infrastructure and systems typical of 60-year-old buildings to remain competitive and compliant with modern standards.
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