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Listed by Benjamin Lin, DRE #01383988 • 1000 Realty Corporation
$ 1,620,000
Est. payment /mo
New
1097 Richland ST Upland, CA 91786
0.29 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26135473
Year Built 1979
Lot Size 0.294 Acres
Source California Regional MLS
Property Description
Excellent income with big potential! Actual income is $123,414/yr. Great location with huge lot. The rent is below market. All 2 bedrooms and 1 bathroom. A big lot may build additional ADU or units. The buyer must verify with the City. Convenient location closed shopping center, school, freeway and supermarket. Short drive to Upland's historic downtown, Montclair Plaza, and Claremont Village. Built in 1979. Each unit has 1 car garage with 1 parking space plus an additional one guess parking(11 parking total). No local rent control. Strong rental demand in the area. The annual rent increase period for all five tenants has already expired. Since there is no local rent control, the buyer can raise the rent significantly within California's legal limits and become the biggest beneficiary.
Location
State CA
County San Bernardino
Area 690 - Upland
Interior
Laundry In Laundry Room
Exterior
Garage Spaces 11.0
Pool None
Building
Water District - Public
Others
Tax ID 1047192330000
Special Listing Condition Not Applicable
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