12-Unit Multifamily Property with
665 Richland Street Upland, CA 91786
665 Richland Street, Upland, CA, 91786
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For Sale
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Stabilized 12-unit multifamily offering with central air, dedicated single-car garages, and on-site laundry.
Property Size9,504 SF
Lot Size0.43 Acres
Price / SF$310.40
Days on Market56
Property Features for 665 Richland Street
General Information
- Standard status
- Active
- Size
- 9,504 SF
- Lot size
- 0.43 Acres
- Property subtype
- Multifamily
Listing agency
Coldwell Banker Commercial NRT Pasadena
Listed by
Robert Ip · License #CA
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 5:11AM
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
Local Financial Insights For Apartment 5plus
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 | $163.1k | $17.16 |
| − Vacancy | −$10.1k | −$1.06 |
| EGI | $153.0k | $16.10 |
| − OpEx | −$68.8k | −$7.24 |
| NOI | $84.1k | $8.85 |
9,504 SF · lease $17.16/SF/yr · vacancy 6.20% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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 Richland Street 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
