1396 Randy St, Upland, CA 91786
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1396 Randy St Upland, CA 91786

$1,500,000
  • 8 Beds
  • 6 Baths
  • 4,028 Sq.Ft.
For Sale
$1,500,000 Get Pre-Qualified

Map preview of 1396 Randy St, Upland, CA 91786

Property Overview: 1396 Randy St Upland, CA has 8 bedrooms, 6 bathrooms, 4,028 living square feet and 7,800 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Exceptional Upland 4-Plex Property: A Unique Investment Opportunity In the realm of real estate, finding a property that seamlessly combines practicality with potential is a rare delight. The exceptional Upland 4-plex property stands out as one such opportunity, boasting a unique configuration that caters to a variety of residential needs. With each unit featuring two bedrooms and 1.5 baths. One of the distinguishing features of this 4-plex is its thoughtful design, which includes separate electric and gas meters for each unit. A single central water heater serves the entire building, ensuring efficient operation and reduced maintenance costs. The inclusion of an assigned covered detached parking garage for each unit further adds to the appeal, providing tenants with the security and convenience they desire. The communal coin-operated laundry machine serves as a practical amenity, catering to the needs of all residents while minimizing the space and energy required for individual laundry setups. This communal aspect fosters a sense of community among tenants while promoting an efficient use of resources. Significantly, the property is Section 8 approved, which opens the door to a wider pool of potential tenants. Three of the four units are currently leased, providing immediate rental income for the savvy investor. Meanwhile, the owner occupies the fourth unit, which may be possible for lease back or vacate upon the sale, allowing the new buyer the flexibility to either occupy it or lease it out. Investing in this Upland 4-plex is not merely a financial decision; it is an opportunity to take pride in ownership while contributing positively to the community. In conclusion, the exceptional Upland 4-plex property stands as a testament to thoughtful investment in real estate. With its well-designed units, practical amenities, and the opportunity to generate immediate income it represents a rare find in today’s market. As the demand for quality rental properties continues to rise, this 4-plex offers a promising avenue for investors looking to make a meaningful impact while securing their financial future. Whether for personal use or as a rental property, this investment is poised to deliver both immediate and long-term rewards.

Listed by Samson Debebe | BRE #01490045 | PMI INLAND EMPIRE
Co-listed by Robel Tegegne | BRE #01890820 | PMI INLAND EMPIRE
Last checked: 10 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
7,800
HOA Dues
$0/mo
Year built
1975
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
CV24166610
City
Upland
County
San Bernardino
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,780
  • Total Rent: $1,780
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.71%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $99,396
  • Net Operating Income: $70,783
  • Gross Operating Income: --
  • Laundry Income: $6,000
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $28,613
  • Electric: $692
  • Gas/Fuel: $1,133
  • Licenses: $155
  • New Taxes: $13,125
  • Trash: $1,556
  • Gardener: $720
  • Insurance: $3,912
  • Maintenance: $4,500
  • Water/Sewer: $2,370

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Property Details for 1396 Randy St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Wood
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage Faces Rear, Garage - Single Door
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 1007492060000
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Between Benson Ave and Mountain Ave south of Arrow Hwy access from N Fairwood way and turn left property will be on a right side.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

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Sale History for 1396 Randy St

Last sold for $180,772 on November 20th, 1998
  • September, 2024

  • Sep 7, 2024

    Date

    Active

    CRMLS: CV24166610

    $1,500,000

    Price

  • November, 1998

  • Nov 20, 1998

    Date

    Sold (Public Records)

    Public Records

    $180,772

    Price

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Tax History for 1396 Randy St

Assessed Value (2020): $258,355
Year Land Value Improved Value Assessed Value
2020 $71,675 $186,680 $258,355

Home Value Compared to the Market

This property vs the competition

1396 Randy St is listed 87.52% higher than the median list price for the city of Upland which has a median list price of $799,900. The median price per/sqft for Upland is $423 and this home is listed at $372.39 per/sqft which puts the price per square foot 11.96% lower than the median price per square foot for the city of Upland.

About 1396 Randy St

Detailed summary of property

1396 Randy St is a fourplex located in Upland, CA 91786 and is currently for sale. This fourplex offers 8 bedrooms, 6 bathrooms, roughly 4,028 living square feet, and sits on an approximately 7,800 square foot lot. 1396 Randy St was first listed on ArdentRealEstateGroup.com on September 7, 2024. The homeowner is currently asking $1,500,000. The median priced home in Upland is $799,900 with a median price per square foot of $423. Based on Ardent Real Estate Group's Upland Market Data, this home is listed 87.52% higher than the median priced home. Local competing homes currently for sale include 211 E Center St, 1337 brea canyon cutoff rd and 1337 brea canyon cutoff rd. While the average home in Upland, CA is selling in 48 days, 1396 Randy St has a days on market of 12 days. There are currently 160 homes for sale in the Upland real estate market and 127 of them are single family homes while 28 of them are condos and 5 are townhomes. For more information on this home for sale at 1396 Randy St Upland, CA 91786 contact Ardent Real Estate Group and we will put you in touch with one of our Upland agents.

Public Facts for 1396 Randy St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,028
Lot Size
7,800
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
San Bernardino
Lot#
42
APN
1007-492-06-0000

The source for these homes facts are from public records.

91786 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$428
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$447
Total Inventory
87
Median Sale to List Price %
98.91%
Avg Days on Market
19
Loan Type
Conventional (64%), FHA (4%), VA (0%), Cash (20%), Other (8%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.