12-Unit Multifamily Property with
For Sale
$2,950,000
665 and 671 Richland, Upland, CA 91786
Stabilized 12-unit multifamily offering with central air, dedicated single-car garages, and on-site laundry.
Property Size9,504 SF
Lot Size0.43 Acres
Days on Market136
Property Features for 665 and 671 Richland
General Information
Standard status
Active
Size
9,504 SF
Lot size
0.43 Acres
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
12
Building Details
Building Size
9,504 SF
Listing Agency:
Coldwell Banker Commercial NRT Pasadena
Listed By:
Bill Ukropina
(626) 844-2200
Source:
Cbcworldwide
Added: Jun 1
Changed: Oct 9
Last Checked: Oct 12 at 4:42PM
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 Coldwell Banker Commercial NRT Pasadena
Investment Insights
Based on property information with market context.
This stabilized 12-unit multifamily property is set on an expansive 19,000 square foot lot and configured as twelve independent residences. Unit amenities include dedicated single-car garages and central air HVAC systems for each residence. The community also provides on-site laundry facilities, along with additional garages designated for storage to support practical, day-to-day resident needs.
Located at the terminus of a quiet cul-de-sac at 665 Richland Street in Upland, CA, the property benefits from a tucked-away residential setting away from through traffic. Despite the secluded feel, residents have direct access to the Interstate 10 Freeway, supporting convenient connectivity to regional employment centers, retail, and transportation routes.
With central air, dedicated garages, and on-site laundry in place, the property is well-suited for an experienced multifamily investor, a 1031 exchange buyer, or an owner-operator looking for a hands-on income-oriented asset. The existing amenity package and garage configuration may appeal to tenants who value in-unit climate control and straightforward parking, while the on-site laundry and storage garages add additional operational utility for management.
Located at the terminus of a quiet cul-de-sac at 665 Richland Street in Upland, CA, the property benefits from a tucked-away residential setting away from through traffic. Despite the secluded feel, residents have direct access to the Interstate 10 Freeway, supporting convenient connectivity to regional employment centers, retail, and transportation routes.
With central air, dedicated garages, and on-site laundry in place, the property is well-suited for an experienced multifamily investor, a 1031 exchange buyer, or an owner-operator looking for a hands-on income-oriented asset. The existing amenity package and garage configuration may appeal to tenants who value in-unit climate control and straightforward parking, while the on-site laundry and storage garages add additional operational utility for management.
Key Highlights
- Stabilized 12‑unit multifamily property
- 19,000 SF lot on a quiet cul‑de‑sac
- Dedicated single‑car garages for each of the 12 residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,137
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,740
$1.7M
Cap Rate 7%
$1,201,957
$1.2M
Cap Rate 9%
$934,856
$934.9K
Market Conditions
NOI Build-Up for 9,504 SF
Gross rent
$163.1K $17.16/SF
− Vacancy
−$10.1K −$1.06/SF
EGI
$153.0K $16.10/SF
− OpEx
−$68.8K −$7.24/SF
NOI
$84.1K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,740
Cap Rate 7%
$1,201,957
Cap Rate 9%
$934,856
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,137 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,331 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Explore this area
Business Placement
Demographics for 91786, CA
55,763
Population
20,094
Households
2.8
Avg Household Size
36
Median Age
30%
College-Educated
88%
High-School Grad
8.9 sq mi
ZIP Area
6,266
Density / Sq Mi
$86,961
Median Household Income
$43,050
Median Earnings
$1,923
Median Rent
$607,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 12-unit multifamily offering with central air, dedicated single-car garages, and on-site laundry.
Where is this apartment building located?
The property is located at 665 and 671 Richland Upland, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Stabilized 12‑unit multifamily property; 19,000 SF lot on a quiet cul‑de‑sac; Dedicated single‑car garages for each of the 12 residences
