Upland Fourplex Investment
457 W Alpine Upland, CA 91786
457 W Alpine, Upland, CA, 91786
Contact for pricing
For Sale
Contact for pricing
Four-unit multifamily property in a desirable Upland location.
Property Size3,456 SF
Lot Size0.17 Acres
Price / SF$361.69
Days on Market56
Property Features for 457 W Alpine
General Information
- Standard status
- Active
- Size
- 3,456 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Listing Agency
Marcus & Millichap - Inland Empire
Listed by
Gisele Pinedo · License #CA 02188347
Source
Crexi
Added: May 23 Checked: Jul 16 at 11:14 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Inland Empire
Investment Insights
Based on property information with market context.
The property at 457 Alpine Street in Upland, California, presents an opportunity to acquire a four-unit multifamily investment property. Situated on a quiet, tree-lined cul-de-sac, this two-story fourplex contains approximately 3,456 square feet of rentable building area on a 0.17-acre RM-20 zoned lot. The unit mix consists entirely of two-bedroom, one-bathroom units. The property provides four covered carport parking spaces and two additional open parking spaces, along with street parking. Additional amenities include an on-site laundry room, central heating, wall-mounted air conditioning units, and a shaded courtyard. The owner currently pays for water, sewer, trash, and gas utilities. The property is located blocks from Downtown Upland, offering access to restaurants, retail, entertainment, and neighborhood services. It is also located near Upland High School and provides connectivity to employment centers and major transportation corridors throughout the Inland Empire and San Gabriel Valley. The property is not subject to local city rent control and is governed by California's statewide rent control regulations under AB 1482.
Key Highlights
- Four‑unit multifamily property in a desirable Upland location, near Downtown Upland.
- Consists of all two‑bedroom / one‑bathroom units.
- Located on a quiet tree‑lined cul‑de‑sac street.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.5k | $15.48 |
| − Vacancy | −$3.2k | −$0.91 |
| EGI | $50.3k | $14.57 |
| − OpEx | −$15.1k | −$4.37 |
| NOI | $35.2k | $10.20 |
3,456 SF · lease $15.48/SF/yr · vacancy 5.89% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$503.5K
$440.5K – $587.4K
NOI $35,243 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$437.1K
$382.4K – $509.9K
NOI $30,595 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$729.0K
$637.9K – $850.5K
NOI $51,029 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property in a desirable Upland location.
Where is this quadplex located?
The property is located at 457 W Alpine Upland, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑unit multifamily property in a desirable Upland location, near Downtown Upland.; Consists of all two‑bedroom / one‑bathroom units.; Located on a quiet tree‑lined cul‑de‑sac street.
