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243 Vernon Dr, Upland, CA 91786
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243 Vernon Dr Upland, CA 91786

$1,215,000 Sold Price as of 04/29/2024
  • 6 Beds
  • 4 Baths
  • 2,938 Sq.Ft.
Sold
$1,215,000 Sold Price as of 04/29/2024 Refinance Your Mortgage
Map preview of 243 Vernon Dr, Upland, CA 91786

Property Overview: 243 Vernon Dr Upland, CA has 6 bedrooms, 4 bathrooms, 2,938 living square feet and 8,140 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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!

Listed by BRANDON BECKWITH | BRE #01876209 | SOUTHLAND PROPERTIES
Co-listed by Dennis Beckwith | BRE #00894648 | SOUTHLAND PROPERTIES
Last checked: 5 minutes ago | Last updated: April 30th, 2024 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft
8,140
HOA Dues
$0/mo
Year built
1957
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
CV24037320
City
Upland
County
San Bernardino
Time on Site
209 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,748
  • Total Rent: $1,748
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,644
  • Total Rent: $1,644
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,245
  • Total Rent: $1,245
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $73,044
  • Net Operating Income: $49,083
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $23,961
  • Electric: $95
  • Gas/Fuel: $0
  • New Taxes: $14,432
  • Trash: $1,200
  • Insurance: $2,316
  • Maintenance: $4,113
  • Water/Sewer: $1,805

Property Details for 243 Vernon Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
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: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 1046372100000
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: From Euclid Ave, Turn West onto Vernon Dr
Neighborhood Information
  • Community Features: Biking, Suburban
View more facts & features

Local Upland Agent

Sale History for 243 Vernon Dr

Last sold for $1,215,000 on April 29th, 2024

  • April, 2024

  • Apr 29, 2024

    Date

    Sold

    CRMLS: CV24037320

    $1,215,000

    Price

  • Feb 23, 2024

    Date

    Active

    CRMLS: CV24037320

    $1,255,000

    Price

Tax History for 243 Vernon Dr

Assessed Value (2020): $71,748
Year Land Value Improved Value Assessed Value
2020 $13,419 $58,329 $71,748

Home Value Compared to the Market

This property vs the competition

243 Vernon Dr sold on April 29, 2024 for 58.26% higher than the current median sold price for the city of Upland which is $793,000. The median sold price per/sqft for Upland is $447 and this home is sold at $427.16 per/sqft which puts the price per square foot 4.44% lower than the current median sale per square foot for the city of Upland.

About 243 Vernon Dr

Detailed summary of property

243 Vernon Dr is a fourplex that recently sold in Upland, CA 91786. This fourplex offered 6 bedrooms, 4 bathrooms, roughly 2,938 living square feet, and sits on an approximately 8,140 square foot lot. 243 Vernon Dr was first listed on ArdentRealEstateGroup.com on February 23, 2024. The homeowner sold the property for $1,215,000. Home in Upland are selling for a median price of $793,000 and a median price per square foot of $447. Based on Ardent Real Estate Group's Upland Market Data, this home is sold 58.26% higher than the current median priced home. Local homes that are currently for sale include 884 N Cota St, 8019 Alder Ave and 1185 W Grand Blvd. While the average home in Upland, CA is selling in 48 days, 243 Vernon Dr has a days on market of 33 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 243 Vernon Dr Upland, CA 91786 contact Ardent Real Estate Group and we will put you in touch with one of our Upland agents.

Public Facts for 243 Vernon Dr

Public county record property details
Beds
--
Baths
--
Year built
1957
Sq. Ft.
1,458
Lot Size
8,140
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
San Bernardino
Lot#
28
APN
1046-372-10-0000

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%)

Thinking of Selling?

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Homes for Sale Near 243 Vernon Dr

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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.

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