290 Spencer, Upland, California 91786, Upland, 91786 - 0 bed, 0 bath
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Upland, California 91786
This High-Potential Investment Opportunity is a Quadruplex listed at $1,150,000, positioned well below the $1,210,056 Fair Market Value by 4%. This valuation gap offers $60,056 in Instant Equity. Featuring a versatile unit mix with two 3-bedroom, 2-bathroom units, the property maintains a Condition Rating of 4, indicating a functional, value-add asset. With rents currently below market, this property is ideal for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a strategic Upland location.
Property is moderate renovation needed.
Built in 1964, this quadruplex is aged but appears maintained through regular upkeep. Exterior images show dated window AC units, weathered wood trim on the garages, and aging stucco with some staining. The property is described as a 'value-add' opportunity with below-market rents, and the absence of interior photos typically indicates that the units are in functional but outdated condition, requiring cosmetic updates to meet modern standards.
The property features a rare configuration including two 3-bedroom, 2-bathroom units, which are highly desirable for families and typically command premium rental rates compared to standard studio or one-bedroom apartments.
With current rents noted as being below market value, there is significant upside potential for an investor to increase the capitalization rate and overall property value through strategic lease renewals or minor renovations.
Ideally situated in Upland with convenient proximity to major freeways, shopping centers, and entertainment, making it an attractive option for commuters and long-term tenants.
Constructed in 1964, the property may require more frequent maintenance or capital expenditures for aging systems such as plumbing, electrical, and roofing compared to newer developments.
The inclusion of a monthly association fee is uncommon for a standard quadplex and adds a fixed cost that slightly reduces the net operating income for the owner.
Four-unit investment property located in the City of Upland conveniently located close to shopping, entertainment and easy freeway access. This Quadraplex consists of one 1-bedroom 1-bathroom unit, two 3-bedroom 2-bathroom units, and one 2-bedroom 1-bathroom unit. The property conforms to the neighborhood with many multi-family dwellings in the area with similar size, layout and age. Purchase as an investor or owner occupy and "house-hack", using the rental income to offset your cost of ownership. Rents are currently below market value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 3,733 | 1,996.5 | 75% |
| Lot Size | 9,520 | 7,347.5 | 75% |
| Price | $1.15M | $834.0K | 75% |
| Price per sq ft | $308 | $419 | 25% |
| Built year | 1964 | 1938 | 50% |
| HOA | $109.0 | $0 | 75% |
| Days on market | 62 | 85 | 25% |
May 28, 2026
$1,150,000
$1,240,000
-7% Price Drop
Initial Listing
Apr 6, 2026
$1,240,000
Initial Listing
Apr 22, 2010
$519,000
Public Record
Mar 5, 1998
$190,000
Public Record