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$ 5,688,000
Est. payment | /mo
20 Beds
18 Baths
$ 5,688,000
Est. payment | /mo
20 Beds
18 Baths
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2600522
Bedrooms 20
Property Sub-Type Com-Res Income
Property Description
278 North 11th Avenue offers the opportunity to acquire a newly constructed, stabilized eight-unit multifamily asset in Upland, CA—an Inland Empire market supported by population growth, economic expansion, and strong regional connectivity. Offered at $5,688,000 ($333.96/SF), the property delivers a 4.23% in-place cap rate on a 0.4117-acre site, combining stable income with long-term market resilience. The asset comprises 8 units with 20 bedrooms and 18 bathrooms, designed to attract quality tenants. Upland's location at the base of the San Gabriel Mountains provides access to Greater Los Angeles employment centers while maintaining Inland Empire affordability. The submarket continues to benefit from in-migration driven by rising coastal housing costs, suburban lifestyle appeal, and access to schools and amenities. A diversified economic base across logistics, healthcare, manufacturing, and retail—supported by proximity to Ontario International Airport and major freeways—underpins durable rental demand. Each unit features spacious layouts, private garages, in-unit laundry, stainless steel appliances, and smart home technology. Energy-efficient construction and warranty coverage reduce near-term capital risk and enhance operating efficiency. Positioned for 1031 exchange buyers or tax-efficient capital deployment, the asset offers depreciation benefits and a stable operating profile in a high-growth Southern California corridor with sustained demand and limited new supply.
Location
State CA
County Out Of Area
Direction Please visit http://properties.greysteel.com/eleventh278 for more information.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Others
Senior Community No
Tax ID 1046-462-16-0000
Virtual Tour https://properties.greysteel.com/eleventh278
Listed by Mark R Bittenbender GREYSTEEL
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "