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278 N 11th Ave - The Eleventh 278 8 Unit Apartment Building Offered at $5,688,000 at a 4.23% Cap Rate Upland, CA 91786

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INVESTMENT HIGHLIGHTS

  • Strategic Regional Connectivity – Prime foothill location providing seamless dual-market access to the IE and Los Angeles.
  • Premium Tenant Profiles – Large-format units with command top-tier rents and high-credit residents.
  • Optimized Modern Construction – New-build efficiencies and smart tech minimize CapEx while maximizing net operating income.
  • Robust Economic Foundation – Proximity to Ontario International Airport and major transit corridors anchors the property in a high-growth employment h
  • High-Growth Dynamics – Upland captures sustained lifestyle migration from coastal counties, ensuring long-term occupancy demand.
  • Favorable Investment Profile – A stable core acquisition ideal for 1031 exchanges with strong appreciation potential.

EXECUTIVE SUMMARY

278 North 11th Avenue offers investors the opportunity to acquire a newly constructed, stabilized eight-unit multifamily property in Upland, CA; an Inland Empire city benefiting from sustained population growth, economic expansion, and excellent regional connectivity. Situated on an 0.4117 AC lot, combines yield, quality, and long-term market resilience. The property consists of 20 bedrooms and 18 bathrooms distributed among 8 units.

ATTACHMENTS

Offering Summary

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $5,688,000
Price Per Unit $711,000
Sale Type Investment
Cap Rate 4.23%
No. Units 8
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Garden
Lot Size 0.41 AC
Building Size 17,032 SF
Average Occupancy 100%
No. Stories 3
Year Built 2025

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Dining Room
  • Family Room
  • Large Bedrooms

SITE AMENITIES

  • Courtyard

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+3 4 - -
2+2 2 - -
2+1 2 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1046-462-27
Land Assessment
$431,807
Improvements Assessment
$2,500,000
Total Assessment
$2,931,807
  • Listing ID: 39002708

  • Date on Market: 1/7/2026

  • Last Updated:

  • Address: 278 N 11th Ave, Upland, CA 91786

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