6.28% Cap Rate – Strong Cash Flow with Approx. $240,000 Annual Gross Income. 6 Units are Townhome Style, 3 units with their private patios
Exceptional investment opportunity in the highly desirable city of Upland! Built in 1986, this well-maintained two-story, 9-unit multifamily property offers a strong mix of spacious two-bedroom units—including six townhome-style units with 1.5 baths( 3- townhome style unit has private patio) and three upper-level units with 1 bath. Each residence is equipped with central AC and a dedicated 1-car garage for added convenience. Residents enjoy onsite laundry facilities and 10 additional surface parking spaces, for a total of 19 parking spots. All units are separately metered for gas and electricity, with water being master-metered. The property is fully occupied with long-term, reliable tenants and strong in-place rents, generating approximately $240,000 in annual gross income and offering a 6.28% cap rate with low operating expenses. Situated in a prime location near schools, shopping, historic Downtown Upland, and public transit, this asset presents stable cash flow and long-term appreciation potential. Drive-by only—please do not disturb tenants. Property to be sold AS IS, with interior access granted upon an accepted offer. Seller did improvements include: roof, AC units, and water heaters.
For sale
Listing Provided by:
Margaret Sun DRE #01278646 626-616-2380,
Coldwell Banker Envision
$3,100,000
120 N 13th Ave, Upland, CA 91786
18beds
15baths
8,105sqft
Est.:
Multi Family
Built in 1986
-- sqft lot
$2,884,800 Zestimate®
$382/sqft
$-- HOA
What's special
Private patioTownhome-style unitsSurface parking spacesCentral acSpacious two-bedroom unitsWater heatersAc units
- 67 days |
- 362 |
- 17 |
Zillow last checked: 8 hours ago
Listing updated: December 10, 2025 at 12:08am
Listing Provided by:
Margaret Sun DRE #01278646 626-616-2380,
Coldwell Banker Envision
Source: CRMLS,MLS#: AR25232778
Originating MLS: California Regional MLS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 15
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Flooring: Carpet
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 8,105
- Total interior livable area: 8,105 sqft
Property
Parking
- Total spaces: 19
- Parking features: Assigned, Carport
- Garage spaces: 9
- Has carport: Yes
- Uncovered spaces: 10
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 0.38 Acres
- Features: 6-10 Units/Acre
Details
- Parcel number: 1046532140000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
- Features: Street Lights
Location
- Region: Upland
Financial & listing details
- Price per square foot: $382/sqft
- Date on market: 10/9/2025
- Cumulative days on market: 67 days
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,1031 Exchange
- Exclusions: washer/dryer under leasing agreement
- Total actual rent: 19775
Estimated market value
$2,884,800
$2.74M - $3.03M
$1,832/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Listed for sale | $3,100,000$382/sqft |
Source: | ||
| 10/26/2025 | Pending sale | $3,100,000$382/sqft |
Source: BHHS broker feed #AR25232778 Report a problem | ||
| 10/25/2025 | Contingent | $3,100,000$382/sqft |
Source: | ||
| 10/9/2025 | Listed for sale | $3,100,000-11.4%$382/sqft |
Source: | ||
| 7/4/2025 | Listing removed | $3,500,000$432/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$19,416/mo
Principal & interest
$15386
Property taxes
$2945
Home insurance
$1085
Climate risks
Neighborhood: 91786
Nearby schools
GreatSchools rating
- 8/10Upland Elementary SchoolGrades: K-6Distance: 0.9 mi
- 3/10Upland Junior High SchoolGrades: 7-8Distance: 0.9 mi
- 7/10Upland High SchoolGrades: 9-12Distance: 1.7 mi
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