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$1,850,000
3 Days On Site

540 W Arrow
Upland, CA 91786

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
8,451
SqFt
$219
/SqFt
1960
Built
County:
San Bernardino
Listed by Kristopher German of RE/MAX 2000 REALTY [email protected]

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540 W Arrow540 W Arrow540 W Arrow540 W Arrow
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PRICED TO SELL! Just listed in the highly sought-after community of Upland, priced competitively at $142k per unit. The subject property is comprised of 14 units spread over 8,451 rental square feet, on a spacious 15,400 square foot lot. The unit mix includes one 2-Bedroom/1-Bathroom unit, twelve 1-Bedroom/1-Bathroom units, and a Non-Conforming Studio. This property has been under the same ownership since its original construction, a testament to its long-term value and stability. Tenant amenities include an onsite gated pool, a laundry facility, and ample car-port parking, enhancing its attractiveness in a prime rental location. Additionally, there is significant potential for repositioning the property with an 80% upside in rental income available through strategic management and potential rent adjustments. One unit is currently vacant, offering an immediate opportunity for lease-up at market rate. Additionally, there is an onsite manager though not legally required, and could potentially serve as an additional vacancy to bring to market rate. Notably, all utilities are master metered, with the owner covering costs for water, trash, electricity, and gas, which could be reevaluated by a new investor to optimize operational efficiency. This is an ideal price point for the savvy investor experienced at repositioning value add properties. WE ARE ONLY ACCEPTING CASH OFFERS AT THIS TIME.

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Listing Snapshot
Price 
$1,850,000
Days On Site 
3 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,451 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3535 Acres
Year Built 
1960
MLS® Number 
CV24237138
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoStatus changed to Active
2 days agoListing updated with changes from the MLS®
3 days agoListing first seen on site
General Features
Acres 
0.3535
Number Of Stories 
2
Parking 
Carport
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
8451
Water Source 
Public
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
Private
Private Pool 
Yes
Community Features
Building Access 
1
Community Features 
Sidewalks
MLS Area 
690 - Upland


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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