We are pleased to exclusively present the opportunity to acquire 170 South Linda Way, a 5-unit multifamily investment property located in the city of Upland, California. Constructed in 1970, the property sits on an 8,712 square feet rectangular parcel with a building area of 4,422 square feet. The property consists of five spacious two-bedroom/one-bathroom floor plans with approximately 884 square feet per unit, and the building features gated front entrance, on-site laundry room (owned), four tuck-under parking, and a carport parking space accessible by rear alley. Selected units offer private back patios. Majority units are renovated with new vinyl flooring and new kitchen and bathroom cabinetry. All units are individually metered for gas and electricity, and the building has one central water heater. The property is on the market for the first time in 30 years.
The offering is conveniently located just half-a-mile north of the Interstate 10 freeway exit and surrounded by three outdoor shopping malls at the intersection of South Mountain Avenue and West 8th Street. The property is within walking distance of major retail and grocery stores including Home Depot, Grocery Outlet, Michaels, ALDI, Dollar Tree, and Hobby Lobby. The Historic Downtown Upland and the Upland Metrolink station are located one-and-a-half miles east of the subject property. The Metrolink station provides residents with easy access to cities in both Los Angeles and the Inland Empire. Nestled in the heart of Upland?s Old Magnolia District, the Historic Downtown Upland is known for its charming small-town atmosphere and features a variety of locally owned and operated small businesses, including antique shops, boutiques, cafes, and restaurants.