540 W Arrow Rte

Upland, CA 91786

$2,100,000
Last Sold Price
3
Beds
13
Baths
8,451 Sq. Ft.
$248 / Sq. Ft.
8,451
Sq. Ft.
$248
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/30/24
Closed 12/30/24
a view of a house with a large trees

Description

Priced to sell! Just listed in the highly sought-after community of Upland, priced competitively at $142k per unit. The subject property is comprised of 14 units spread over 8,451 rental square feet, on a spacious 15,400 square foot lot. The unit mix includes one 2-Bedroom/1-Bathroom unit, twelve 1-Bedroom/1-Bathroom units, and a Non-Conforming Studio. This property has been under the same ownership since its original construction, a testament to its long-term value and stability. Tenant amenities...Priced to sell! Just listed in the highly sought-after community of Upland, priced competitively at $142k per unit. The subject property is comprised of 14 units spread over 8,451 rental square feet, on a spacious 15,400 square foot lot. The unit mix includes one 2-Bedroom/1-Bathroom unit, twelve 1-Bedroom/1-Bathroom units, and a Non-Conforming Studio. This property has been under the same ownership since its original construction, a testament to its long-term value and stability. Tenant amenities include an onsite gated pool, a laundry facility, and ample car-port parking, enhancing its attractiveness in a prime rental location. Additionally, there is significant potential for repositioning the property with an 80% upside in rental income available through strategic management and potential rent adjustments. One unit is currently vacant, offering an immediate opportunity for lease-up at market rate. Additionally, there is an onsite manager though not legally required, and could potentially serve as an additional vacancy to bring to market rate. Notably, all utilities are master metered, with the owner covering costs for water, trash, electricity, and gas, which could be reevaluated by a new investor to optimize operational efficiency. This is an ideal price point for the savvy investor experienced at repositioning value add properties. We are only accepting cash offers at this time.
  1. Listed by Kristopher German • DRE #01800021 • Brokerage DRE #01264629 • RE/MAX 2000 REALTY • 909-645-0443
  2. Listed by Cheryleigh Aday • DRE #00974722 • Brokerage DRE #00974722 • HERITAGE REALTY

Property Details for 540 West Arrow Route

Parking Spaces Total
0
Private Pool
Yes
Total Units
13.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8451
Assessor Parcel Number
1046-341-19-0000
Property Attached YN
true
LISTING CLOSED: 12/30/2024 12:00 AM

Property Details for 540 West Arrow Route

StatusClosed
MLS #CV24237138
Days on Market19
Pet Policy-
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1960
CountySan Bernardino County
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Location

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021; HERITAGE REALTY, Cheryleigh Aday, DRE #00974722

Sold By RE/MAX 2000 REALTY, Kristopher German, DRE #01800021

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Building Information for 540 West Arrow Route

Building/Complex540 W Arrow RteFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1960Building Size-

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$10,465 per month

30 year fixed, 6.36% Interest

Principal and Interest

$10,465

Property Taxes

$0

HOA Dues

$0

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Property Information for 540 West Arrow Route

Income / Expense / Tax Details
Income Details
  • Gross Income: $168,108
  • Gross Scheduled Income: $168,108
  • Vacancy Allowance: 5043
  • Gross Operating Income: $163,065
  • Net Operating Income: $69,153
  • Laundry Income: $50
  • Financing: Cash
Expense Details
  • Operating Expense: $93,912
  • New Taxes Expense: $21,674
  • Fuel Expense: $411
  • Pool Expense: $1,546
  • Electric Expense: $15,624
  • Insurance Expense: $8,850
  • Maintenance Expense: $10,500
  • Professional Management Expense: $21,540
  • Trash Expense: $5,556
  • Water Sewer Expense: $6,111
  • Total Expenses: $93,912
Tax / Assessment Info
  • Tax Tract Number: 5614
  • Tax Census Tract: 8.24
  • CFD/Mello-Roos Fee: $447
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: Private
  • Pool Description: Private
  • Pool: Private
  • Pool Heat: Private
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 13
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Carport
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $805
  • Unit Type Total Rent: $805
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $12,254
  • Unit Type Total Rent: $12,254
  • Unit Type Pro Forma: 21540
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 540 West Arrow Route

DateEvent & SourcePriceAppreciation
Dec 30, 2024

Sold

SDMLS #CV24237138

$2,100,000—
Dec 30, 2024

Sold

CRMLS #CV24237138

$2,100,000—
Dec 30, 2024

Sold

CLAW #CV24237138MR

$2,100,000—
DateEvent & SourcePrice
12/30/2024

Sold

SDMLS #CV24237138

$2,100,000
12/30/2024

Sold

CRMLS #CV24237138

$2,100,000
12/30/2024

Sold

CLAW #CV24237138MR

$2,100,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 540 West Arrow Route

This home is within Upland Unified School District.
Rating
School
Type
Grades
Distance
Cabrillo Elementary School
Public - K to 6
Upland Junior High School
Public - 7 to 8
Upland High School
Public - 9 to 12
Hillside High School
Public - 10 to 12
Rating
School
Distance
Cabrillo Elementary School
PublicK to 6

Upland Junior High School
Public7 to 8

Upland High School
Public9 to 12

Hillside High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021; HERITAGE REALTY, Cheryleigh Aday, DRE #00974722

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.