Upland, CA 91786 243 Vernon Drive

Sold: Apr 29, 2024
243 Vernon Drive Upland, Ca - Image 1
Presented By: BRANDON BECKWITH with SOUTHLAND PROPERTIES; 626-617-5443
  • MLS# CV24037320
  • 02/23/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 2,938
  • GarageGarage • 4

Home Details

Welcome to this exceptional investment opportunity in Upland, CA! This meticulously maintained 4-unit property boasts a prime location walking distance from Downtown Upland, offering convenience and accessibility to various amenities. Situated in one of San Bernardino County's safest cities, this property provides peace of mind for both investors and tenants. With public transportation options mere blocks away, commuting is a breeze, making this property ideal for tenants seeking accessibility. Additionally, Upland Unified Schools are within a 1.5-mile radius, ensuring convenience for families with school-aged children. The surrounding area is rich in recreational opportunities, with a walking and bike trail just across the street, perfect for outdoor enthusiasts. Nearby city facilities, shopping centers and restaurants further enhance the appeal of this location. This well-established property features two duplexes, each offering a combination of one and two-bedroom units. Current tenants, with lengthy tenures, provide stability and income potential for prospective buyers. With current upgrades being done to the street including waterline replacements, water meters, sidewalks, and street enhancements, this property presents an attractive investment opportunity with immediate income potential and long-term value. Don't miss your chance to own this gem in Upland!
Presented By: BRANDON BECKWITH with SOUTHLAND PROPERTIES; 626-617-5443

General for 243 Vernon Drive

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Buyer FinancingConventional
Cap Rate4.0
Carport Y/NNo
CityUpland
Close Price1215000.0
Community FeaturesBiking, Suburban
ContingencyAll offers subject to interior inspection
CoolingCentralAir
CountySan Bernardino
Days on Market33
DirectionsFrom Euclid Ave, Turn West onto Vernon Dr
Electric Expense95.0
Entry LocationGround Level
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income73044.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense2316.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional, Submit
Lot Size Square Feet8140.0
MLS Area690 - Upland
MaintenanceExpense4113.0
MobileHomeRemainsYNNo
Net Operating Income49083.0
New ConstructionNo
Number of Units Leased4
Operating Expense23961.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusClosed
StatusClosed
Stories1
Street NameVernon
Tax Lot28
Taxes$14,432
Tenant PaysElectricity, Gas
Total Units4
Trash Expense1200.0
View Y/NNo
Water Sewer Expense1805.0
Waterfront Y/NNo
Year Built1957
Year Built SourceAssessor

Interior for 243 Vernon Drive

Air Conditioning Y/NYes
Basement (Y/N)No
BuyerOfficeEmailca.broker@exprealty.net
Common WallsItem1CommonWall
Electric On Property Y/NNo
Entry Level1
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside
Street SuffixDrive
Total Stories1

Exterior for 243 Vernon Drive

Building Area Total2938.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre, BackYard
Lot Size Acres0.1869
Lot Size Area8140.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,255,000
MLS#CV24037320
List Date 02/23/2024
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 243 Vernon Drive