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    142 North 6Th Ave, Unit | Upland Upland, CA 91786

    For Sale
    $2,400,000

    Development opportunity for multifamily residential community near Upland Metrolink station.

    Source: Matthew Sullivan Agent Matthew Sullivan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Upland Multifamily Development Opportunity

    This property offers the potential for developing a multifamily residential community. By-right development allows for a 53-unit community featuring a four-story, wood-frame building with recreational amenities such as a workout room. The unit mix includes 35 one-bedroom and 18 two-bedroom units. The location is within walking distance of the Upland Metrolink station and Downtown Upland, which offers restaurants, retail shopping, seasonal street fairs, and open-air markets along pedestrian-friendly walkways. Alternatively, utilizing density bonuses for affordable housing, the property could accommodate an 88-unit affordable housing community. This option involves a three-story, wood-frame building with amenities like a community room, lobby, mailroom, and bicycle storage. The affordable housing community would consist of 70 one-bedroom and 18 two-bedroom units. Designed with an emphasis on rail access, the project does not include resident parking. Communal spaces within the clubhouse and courtyard are intended to host various programs and social services for residents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Upland
    County
    San Bernardino
    State
    California
    Longitude
    -117.6426437
    Latitude
    34.0953663

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    FAQs

    What type of property is this?
    Residential land & home lot - Development opportunity for multifamily residential community near Upland Metrolink station.
    Where is this residential land & home lot located?
    The property is located at 142 North 6Th Ave, Unit | Upland Upland, CA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - By-right development allows for a 53-unit multi-family residential community.; - Potential for an 88-unit affordable housing community with density bonuses.; - Walking distance to Upland Metrolink station.
    (213) 623-0800
    Request Owner's contact information
    142 North 6Th Ave, Unit | Upland Upland, CA 91786
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    142 North 6Th Ave, Unit | Upland Upland, CA 91786
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