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5 Large Units with Huge Lot Built in 1979 1097 E Richland St 5 Unit Apartment Building $1,620,000 ($324,000/Unit) 5.65% Cap Rate Upland, CA 91786
Investment Highlights
- $123,414 annual income with 5.65 CAP Rate. All 2 bedrooms
- Huge Lots 12,802 SF. Possibility to build additional ADU or units. Check with City.
- Great Location
- Built in 1979, no local rent control
- Rent is below market
- Parking space with car garage for each unit, total 11 parking
Executive Summary
Excellent income with big potential! Actual income is $123,414/yr. Great location with huge lot. Rent is below market. All 2 bedrooms and 1 bathroom. Big lot may build additional ADU or units. The buyer must verify with City. Convenient location closed shopping center, school, freeway and supermarket. Built in 1979. Each unit has 1 car garage with 1 parking space plus additional one guess parking(11 parking total). No local rent control.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,620,000 | Building Class | C |
| Price Per Unit | $324,000 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 4,400 SF |
| Cap Rate | 5.65% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 2.27/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RS7.5, Upland | ||
| Price | $1,620,000 |
| Price Per Unit | $324,000 |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.27/1,000 SF |
| Zoning | RS7.5, Upland |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,042 | - |
| 2+1 | 1 | $1,931 | - |
| 2+1 | 1 | $1,931 | - |
| 2+1 | 1 | $2,042 | - |
| 2+1 | 1 | $2,239 | - |
1 1
Property Taxes
| Parcel Number | 1047-192-33 | Improvements Assessment | $526,790 |
| Land Assessment | $272,274 | Total Assessment | $799,064 |
Property Taxes
Parcel Number
1047-192-33
Land Assessment
$272,274
Improvements Assessment
$526,790
Total Assessment
$799,064
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5 Large Units with Huge Lot Built in 1979 | 1097 E Richland St
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