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540 W Arrow, Upland, CA, 91786

$1,850,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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540 W Arrow, Upland$1,850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCarport
Year Built1960
Private PoolYes
MLS #CV24237138
Lot Size0.35 Acres
StatusActive

About 540 W Arrow

PRICED TO SELL! Just listed in the highly sought-after community of Upland, priced competitively at $142k per unit. The subject property is comprised of 14 units spread over 8,451 rental square feet, on a spacious 15,400 square foot lot. The unit mix includes one 2-Bedroom/1-Bathroom unit, twelve 1-Bedroom/1-Bathroom units, and a Non-Conforming Studio. This property has been under the same ownership since its original construction, a testament to its long-term value and stability. Tenant amenities include an onsite gated pool, a laundry facility, and ample car-port parking, enhancing its attractiveness in a prime rental location. Additionally, there is significant potential for repositioning the property with an 80% upside in rental income available through strategic management and potential rent adjustments. One unit is currently vacant, offering an immediate opportunity for lease-up at market rate. Additionally, there is an onsite manager though not legally required, and could potentially serve as an additional vacancy to bring to market rate. Notably, all utilities are master metered, with the owner covering costs for water, trash, electricity, and gas, which could be reevaluated by a new investor to optimize operational efficiency. This is an ideal price point for the savvy investor experienced at repositioning value add properties.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Stories: 2

Listing Office:

  • Office Name: RE/MAX 2000 REALTY
  • Office Phone: (909) 645-0443
  • Listing Agent: Kristopher German

Exterior Features

Exterior Information:

  • Private Pool: Yes

Parking Information:

  • Parking: Carport

Lot Features

Lot Information:

  • Lot Size: 0.35 Acres

Other

Directions Information:

  • Directions: 0

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,850,000
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Housing Market Comparison

See how this home compares to others in Upland, CA.

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Upland, CA

City

Med. Sold Price

$800K

Med. Price/SqFt

$442

Avg. Days On Market

27

# of Sold Homes

48

540 W Arrow vs Upland

1 DAY ON ROCKET

-26 Days

$1,850,000

+$1.0M More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price in Upland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #CV24237138

Listing Office:

  • Office Name: RE/MAX 2000 REALTY
  • Office Phone: (909) 645-0443
  • Listing Agent: Kristopher German

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$9,301

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,613

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-165554
4
/10

  • Baldy View Elementary School

  • 979 W 11th St

  • 0.54 miles

  • Public District Grades KG-6

school-card-donut-165555
6
/10

  • Upland Elementary School

  • 601 5th Ave

  • 0.75 miles

  • Public District Grades KG-6

school-card-donut-165556
5
/10

  • Citrus Elementary School

  • 925 W 7th St

  • 0.77 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,684. Residents of Upland, CA typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 540 W Arrow

What is the listing price of this property?

The listing price of 540 W Arrow property is $1,850,000.

What type of property is this?

The property 540 W Arrow is a condo located in Upland, California, 91786.

Is this property for sale now?

Active Listing: 540 W Arrow is For Sale (Active/New) which means the seller is accepting offers.

Which year was this property built?

The year of construction for 540 W Arrow is 1960.

Rocket Homes›California›San Bernardino County›Upland›91786›540 W Arrow

This home is located at 540 W Arrow in Upland, CA and zip code 91786. This home, which was built in 1960, sits on a 0.35 acre lot. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $1,850,000.

Over 21 listings were sold over their listed price in October 2024 in Upland, CA. In the same period over 16 listings were sold below the listed price and 11 listings were sold for the listed price. Between September 2024 and October 2024, Upland, CA real estate market has seen increase in the number of listings by 2.2%. While the average time on the market in October 2024 was 27 days, the median list price was $800,000.

From Rocket Homes Real Estate and based on county public records data.

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