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635 E 8Th St, Upland, CA 91786
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635 E 8Th St Upland, CA 91786

$2,920,000 Sold Price as of 10/08/2021
  • 21 Beds
  • 13 Baths
  • 9,029 Sq.Ft.
Sold
$2,920,000 Sold Price as of 10/08/2021 Refinance Your Mortgage
Map preview of 635 E 8Th St, Upland, CA 91786

Property Overview: 635 E 8Th St Upland, CA has 21 bedrooms, 13 bathrooms, 9,029 living square feet and 44,431 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The 8th Street Apartments is located at 623-635 E.8th St. in Upland, CA. The investment offering is a 12-unit multi-family asset located on 2 parcels, with a combined lot size of 1.02 Acres. In the same ownership for the past 50+ years, said property is a well maintained property and consistently has a high occupancy level. The Unit Mix consists of the following: 7 Two Bedroom / One Bathroom Single Story Units, 4 One Bedroom / One Bathroom Units and 1 Three Bedroom / Two Bathroom Single Family House. Ten of the Twelve Units have Washer /Dryer Hook-Ups and the units are upgraded with Dual Pane Vinyl Windows. Ample parking is provided with single car garages, carport and open parking spaces. In the past 2 years, four of the units have received complete interior upgrades. In April 2021, the 8th St. Apartments obtained Section 1 Termite Clearance. The units are individually metered for gas & electric and the landlord is responsible for water, sewer and trash. The 8th Apartments is located in close proximity to the Upland Train Station, Downtown Upland, Parks and local schools. Please note the Close of Escrow on the property shall occur on October 11, 2021 or thereafter. Please do not disturb the tenants and/or walk on the property. Please contact listing agent for further details.

Listed by KEVIN STRUVE | BRE #01266441 | MARCUS & MILLICHAP
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
44,431
HOA Dues
$0/mo
Year built
1952
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
CV21091532
City
Upland
County
San Bernardino
Time on Site
1225 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 8
  • # of Leased Units: 12
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $9,432
  • Total Rent: $9,432
  • Pro Forma/Market Rent: $12,600
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,315
  • Total Rent: $4,315
  • Pro Forma/Market Rent: $5,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $183,864
  • Net Operating Income: $109,149
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $69,199
  • Licenses: $99
  • New Taxes: $30,868
  • Trash: $2,466
  • Gardener: $4,800
  • Insurance: $5,622
  • Maintenance: $8,400
  • Professional Management: $8,918
  • Water/Sewer: $6,977

Property Details for 635 E 8Th St

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 22
  • Has Parking
  • Parking Features: Carport, Asphalt, Garage
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 1046571090000
  • Year Built Source: Public Records
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Campus Avenue & 8th Street
Neighborhood Information
  • Community Features: Foothills, Sidewalks
View more facts & features

Local Upland Agent

Sale History for 635 E 8Th St

Last sold for $2,920,000 on October 8th, 2021

  • May, 2021

  • May 4, 2021

    Date

    Active Under Contract

    CRMLS: CV21091532

    $3,000,000

    Price

  • Apr 30, 2021

    Date

    Active

    CRMLS: CV21091532

    $3,000,000

    Price

Tax History for 635 E 8Th St

Assessed Value (2020): $248,522
Year Land Value Improved Value Assessed Value
2020 $41,407 $207,115 $248,522

Home Value Compared to the Market

This property vs the competition

635 E 8Th St sold on October 8, 2021 for 278.31% 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 $332.26 per/sqft which puts the price per square foot 25.67% lower than the current median sale per square foot for the city of Upland.

About 635 E 8Th St

Detailed summary of property

635 E 8Th St is a multi family that recently sold in Upland, CA 91786. This multi family property offered 21 bedrooms, 13 bathrooms, roughly 9,029 living square feet, and sits on an approximately 44,431 square foot lot. 635 E 8Th St was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $2,920,000. 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 278.31% higher than the current median priced home. Local homes that are currently for sale include 147 N Michigan Ave, 2884 La Salle Ave and 142 S El Molino Ave. While the average home in Upland, CA is selling in 48 days, 635 E 8Th St has a days on market of 3 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 635 E 8Th 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 635 E 8Th St

Public county record property details
Beds
--
Baths
--
Year built
1952
Sq. Ft.
5,155
Lot Size
22,275
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
San Bernardino
Lot#
636
APN
1046-571-09-0000

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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Recently Sold Homes Near 635 E 8Th St

208 S Campus Ave, Upland, CA 91786
$547,000 Last Sold Price
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208 S Campus Ave
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294 S Campus Ave, Upland, CA 91786
$555,750 Last Sold Price
3 Beds
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643 E 7th St, Upland, CA 91786
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7 Beds
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591 E 9th St, Upland, CA 91786
$575,000 Last Sold Price
4 Beds
0 Baths
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591 E 9th St
Upland, CA 91786

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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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