Upland, CA 91786 1396 Randy Street

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Presented By: Samson Debebe with PMI INLAND EMPIRE; 909-527-4440
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# CV24166610
  • 09/07/2024
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Full/Half Baths • 4 / 4
  • SQFT • 4,028
  • Garage • 4

Home Details

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.
Presented By: Samson Debebe with PMI INLAND EMPIRE; 909-527-4440

Interior Features for 1396 Randy Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 1396 Randy Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.2
Carport Y/NNo
CityUpland
Community FeaturesStreetLights
CoolingWallWindowUnits
CountySan Bernardino
Current FinancingConventional
DirectionsBetween Benson Ave and Mountain Ave south of Arrow Hwy access from N Fairwood way and turn left property will be on a right side.
ElectricStandard
Electric Expense692.0
Electric On Property Y/NNo
Entry LocationFront gate
Fuel Expense1133.0
Garage Spaces4.0
Garage Y/NYes
Gross Income94320.0
HOANo
Home Warranty Y/NNo
Insurance Expense3912.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsConventional, FHA, Submit
Lot Size Square Feet7800.0
Lot Size UnitsSquareFeet
MLS Area690 - Upland
MobileHomeRemainsYNNo
Net Operating Income73417.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense23543.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsProbateListing
Standard StatusActive
StatusActive
Stories2
Tax Lot42
Taxes$12,555
Tenant PaysElectricity, Gas
Total Actual Rent96000.0
Trash Expense1556.0
UtilitiesElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense2370.0
Waterfront Y/NNo
Year Built1975
Year Built SourceAssessor
ZoningRM

Exterior for 1396 Randy Street

Building Area Total4028.0
Crops Included Y/NNo
FencingWood
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.1791
Lot Size Area7800.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDoorSingle, Garage, GarageFacesRear
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,395,000
MLS#CV24166610
List Date 09/07/2024
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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