1396 Randy Street, Upland, California 91786, Upland, 91786 - bed, bath

1396 Randy Street, Upland, California 91786 home-pic-0
ACTIVE$1,395,000
1396 Randy Street, Upland, California 91786
0Bed
0Bath
4,028Sqft
7,800Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Immediate Income & High Occupancy: With three out of four units currently leased, the property offers immediate rental income and a strong occupancy rate, appealing to investors seeking quick returns.
Top Cons:
Age of Property: Built in 1975, the property is nearly 50 years old, which may necessitate future capital expenditures for major system replacements (e.g., roof, plumbing, electrical) or significant renovations to remain competitive.

Compared to the nearby listings

Price:$1.40M vs avg $1.02M (+$370,000)82%
Size:4,028 sqft vs avg 3,820 sqft55%
Price/sqft:$346 vs avg $36045%

More Insights

Built in 1975 (50 years old).
Condition: The property, built in 1975, is aged but appears to be maintained. The kitchen features dated white cabinets, laminate countertops, older appliances, and a busy mosaic backsplash. Bathrooms are also dated with basic vanities and tile work. Flooring consists of older reddish-orange carpets and basic ceramic tiles. Window AC units are visible, indicating a lack of modern central cooling. While functional, the property requires significant cosmetic updates and potential system upgrades to meet current standards and appeal, aligning with the 'fair' condition criteria of being aged but maintained, with functional but outdated components.
Year Built
1975
Close
-
List price
$1.4M
Original List price
$1.5M
Price/Sqft
$346
HOA
-
Days on market
-
Sold On
-
MLS number
CV24166610
Home ConditionFair
Features
Patio
View-

About this home

Exceptional Upland 4-Plex Property: A Unique Investment Opportunity In the realm of real estate, finding a property that seamlessly combines practicality with potential is a rare delight. The exceptional Upland 4-plex property stands out as one such opportunity, boasting a unique configuration that caters to a variety of residential needs. With each unit featuring two bedrooms and 1.5 baths. One of the distinguishing features of this 4-plex is its thoughtful design, which includes separate electric and gas meters for each unit. A single central water heater serves the entire building, ensuring efficient operation and reduced maintenance costs. The inclusion of an assigned covered detached parking garage for each unit further adds to the appeal, providing tenants with the security and convenience they desire. The communal coin-operated laundry machine serves as a practical amenity, catering to the needs of all residents while minimizing the space and energy required for individual laundry setups. This communal aspect fosters a sense of community among tenants while promoting an efficient use of resources. Significantly, the property is Section 8 approved, which opens the door to a wider pool of potential tenants. Three of the four units are currently leased, providing immediate rental income for the savvy investor. Meanwhile, the owner occupies the fourth unit, which may be possible for lease back or vacate upon the sale, allowing the new buyer the flexibility to either occupy it or lease it out. Investing in this Upland 4-plex is not merely a financial decision; it is an opportunity to take pride in ownership while contributing positively to the community. In conclusion, the exceptional Upland 4-plex property stands as a testament to thoughtful investment in real estate. With its well-designed units, practical amenities, and the opportunity to generate immediate income it represents a rare find in today’s market. As the demand for quality rental properties continues to rise, this 4-plex offers a promising avenue for investors looking to make a meaningful impact while securing their financial future. Whether for personal use or as a rental property, this investment is poised to deliver both immediate and long-term rewards.

Condition Rating
Fair

The property, built in 1975, is aged but appears to be maintained. The kitchen features dated white cabinets, laminate countertops, older appliances, and a busy mosaic backsplash. Bathrooms are also dated with basic vanities and tile work. Flooring consists of older reddish-orange carpets and basic ceramic tiles. Window AC units are visible, indicating a lack of modern central cooling. While functional, the property requires significant cosmetic updates and potential system upgrades to meet current standards and appeal, aligning with the 'fair' condition criteria of being aged but maintained, with functional but outdated components.
Pros & Cons

Pros

Immediate Income & High Occupancy: With three out of four units currently leased, the property offers immediate rental income and a strong occupancy rate, appealing to investors seeking quick returns.
Tenant-Centric Design & Efficiency: Each unit benefits from separate electric and gas meters, assigned covered parking, and a communal coin-operated laundry, enhancing tenant satisfaction and operational efficiency for the landlord.
Section 8 Approved Status: The property's Section 8 approval significantly broadens the potential tenant pool, ensuring consistent demand and stable rental income, while mitigating vacancy risks.
Flexible Owner-Occupied Unit: The owner-occupied fourth unit provides valuable flexibility for the new buyer, allowing them to either occupy it themselves or lease it out for additional income.
Desirable Unit Configuration: Each unit features a practical 2-bedroom, 1.5-bath layout, a popular configuration that attracts a wide range of renters and supports consistent demand.

Cons

Age of Property: Built in 1975, the property is nearly 50 years old, which may necessitate future capital expenditures for major system replacements (e.g., roof, plumbing, electrical) or significant renovations to remain competitive.
Single Central Water Heater: Reliance on a single central water heater for all units presents a potential single point of failure; a malfunction could disrupt hot water service for all tenants simultaneously, leading to inconvenience and urgent repair costs.
Limited Information on Current Condition/Upgrades: The description emphasizes investment potential but lacks specific details on recent capital improvements or the current condition of major building components, which is crucial for assessing future maintenance liabilities for an older property.

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