Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to exclusively present the 11th Avenue Apartments. This 13 multi-family unit offering is located at 425 N. 11th Avenue in Upland, California. Built in 1952, the property is situated on a lot size of 0.33 Acres and has approximately 9,425 rentable square feet. The two-story garden style building has a pitched composition roof and one laundry room. Said offering is comprised of 4 two-bedroom / one-bathroom units and 8 one-bedroom / one-bathroom units. In addition, there is a two bedroom / one bathroom house with its own enclosed garage, driveway for 2 cars and laundry hook-ups. All units contain updated vinyl windows, a gas oven / stove, individual water heater, electric wall a/c & gas wall heater unit. Each unit is individually metered for gas & electricity and the landlord is responsible for water, sewer, and trash. There is a total of 1 enclosed garage and 12 carport parking spaces and ample street parking for the tenants. The 11th Avenue Apartments is located in North Upland and rarely do apartment buildings come to market in this area. With the current rents estimated at 25% below market rates and coupled with the upside in re-positioning the property with exterior /interior renovations, this is an ideal value-added opportunity. This offering is part of a 4-property portfolio, and the combined properties are the following: 13 Multi-Family Units located at 425 N. 11th Avenue in Upland, CA: Price: $3,450,000 8 Multi-Family Units located at 3401-3411 Butterfield Ave. in La Verne, CA: Price: $2,700,000 3 Multi-Family Units located at 309 N. Cambridge Ave. in Claremont, CA: Price: $1,385,000 3 Multi-Family Units locate at 195 El Camino Way in Claremont, CA: Price: $1,100,000 The Seller reserves the right to sell each property individually and/or as a portfolio. Please contact the listing agent for further information. Please do not Disturb Tenants, Walk and/or Talk to anyone at the property. An Interior inspection will only take place upon an accepted offer.