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The Eleventh 278 278 N 11th Ave 8 Unit Apartment Building $5,688,000 ($711,000/Unit) 4.23% Cap Rate Upland, CA 91786
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.
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Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Dining Room
- Family Room
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Courtyard
- Tenant Controlled HVAC
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 4 | - | - |
| 2+2 | 2 | - | - |
| 2+1 | 2 | - | - |
1 1
Property Taxes
| Parcel Number | 1046-462-27 | Improvements Assessment | $2,500,000 |
| Land Assessment | $431,807 | Total Assessment | $2,931,807 |
Property Taxes
Parcel Number
1046-462-27
Land Assessment
$431,807
Improvements Assessment
$2,500,000
Total Assessment
$2,931,807
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The Eleventh 278 | 278 N 11th Ave
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