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388 N 11th Ave, Upland, CA 91786
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388 N 11th Ave Upland, CA 91786

$2,060,000 Sold Price as of 04/01/2022
  • 16 Beds
  • 10 Baths
  • 6,590 Sq.Ft.
Sold
$2,060,000 Sold Price as of 04/01/2022 Refinance Your Mortgage
Map preview of 388 N 11th Ave, Upland, CA 91786

Property Overview: 388 N 11th Ave Upland, CA has 16 bedrooms, 10 bathrooms, 6,590 living square feet and 17,424 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 376-388 N 11th Ave is a seven unit complex located in beautiful Upland, California. Built in 1924, 1964, and 1990 this property has been nicely maintained and proactively managed by present ownership. There are three separate buildings consisting of one single family detached home that is 4 bed and 2 bath, a duplex that contains two 2 bed and 1 bath units, and a four unit building that has four 2 bed and 1.5 bath townhouse style units. The buildings are situated on one parcel totaling .40 acres. The asset is well landscaped with a nice side courtyard. Parking is ample for the residents and guests with assigned carport, Garages and plenty of street parking. The subject property is located on a corner lot just a half a mile south of the recently renovated/expanded San Antonio Hospital. It is also within walking distance of the World Famous Route 66 / Foothill Blvd and just north of the 10 & south of the 210 Freeways, which allows the tenants to connect with the greater Southern California area and beyond. This offering provides an investor the opportunity to acquire a well-maintained apartment property with tremendous rental upside. Investors can take advantage of the attractive financing. The neighborhood has convenient access to a wide variety of activities, transportation driver in the continued growth at the 11th Street Property in Upland, California.

Listed by Mark Bridge | BRE #01316702 | Mark Bridge, Broker
Last checked: 4 minutes ago | Last updated: April 4th, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
17,424
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC22012253
City
Upland
County
San Bernardino
Time on Site
973 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 3
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $5,000
  • Pro Forma/Market Rent: $6,380
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $2,472
  • Pro Forma/Market Rent: $2,990
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $114,804
  • Net Operating Income: $75,363
  • Gross Operating Income: $111,396
  • Vacancy Allowance: $3,408
  • Gross Spendable Income: $75,363
  • Laundry Income: $1,200
Annual Expense Breakdown
  • Total Operating Expense: $36,033
  • Electric: $360
  • Gas/Fuel: $156
  • New Taxes: $21,657
  • Trash: $2,160
  • Gardener: $1,200
  • Insurance: $2,500
  • Maintenance: $3,500
  • Professional Management: $0
  • Water/Sewer: $3,600

Property Details for 388 N 11th Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Common Area, Community
Kitchen Information
  • Has Appliances
  • Disposal, Gas Range, Gas Cooktop, Gas Water Heater, Water Heater
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 15
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Courtyard, Hills, Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 7
  • Parcel Number: 1046474040000
  • Year Built Source: Public Records
  • Foundation Details: Raised, Slab
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: 10 East, Exit Euclid North, East on Arrow Hwy
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Suburban
View more facts & features

Local Upland Agent

Sale History for 388 N 11th Ave

Last sold for $2,060,000 on April 1st, 2022

  • April, 2022

  • Apr 4, 2022

    Date

    Sold

    CRMLS: OC22012253

    $2,060,000

    Price

Tax History for 388 N 11th Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

388 N 11th Ave sold on April 1, 2022 for 142.75% 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 $292.11 per/sqft which puts the price per square foot 34.65% lower than the current median sale per square foot for the city of Upland.

About 388 N 11th Ave

Detailed summary of property

388 N 11th Ave is a multi family that recently sold in Upland, CA 91786. This multi family property offered 16 bedrooms, 10 bathrooms, roughly 6,590 living square feet, and sits on an approximately 17,424 square foot lot. 388 N 11th Ave was first listed on ArdentRealEstateGroup.com on January 21, 2022. The homeowner sold the property for $2,060,000. 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 142.75% higher than the current median priced home. Local homes that are currently for sale include 2024 E Wilshire Ave, 367 W 10th St and 1138 Valencia Ave #40. While the average home in Upland, CA is selling in 48 days, 388 N 11th Ave has a days on market of 6 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 388 N 11th Ave Upland, CA 91786 contact Ardent Real Estate Group and we will put you in touch with one of our Upland agents.

Public Facts for 388 N 11th Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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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Recently Sold Homes Near 388 N 11th Ave

425 N 11th Ave, Upland, CA 91786
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447 N 12th Ave, Upland, CA 91786
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995 Washington Blvd, Upland, CA 91786
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443 N 9th Ave, Upland, CA 91786
$800,000 Last Sold Price
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443 N 9th Ave
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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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