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    142 6Th Ave Upland, CA 91786

    Sponsored
    For Sale
    $2,400,000

    Prime Upland development site, 0.97 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.97-acre land parcel in Upland, California, presents a remarkable multi-family development opportunity. Located at 142 N 6th Ave, with APN 1046-562-01, 02, 03, 04, and zoned SP3, this property offers significant potential for both market-rate and affordable housing projects. By-right development allows for a 53-unit multi-family community, comprising 35 one-bedroom and 18 two-bedroom units in a four-story wood-frame building with recreational amenities, including a workout room. Alternatively, leveraging density bonuses for affordable housing, the site can accommodate an 88-unit affordable housing community, featuring 70 one-bedroom and 18 two-bedroom units within a three-story wood-frame building. This project would include a community room, lobby, mailroom, and bicycle storage. The property's strategic location is within walking distance of the Upland Metrolink station and the vibrant Downtown Upland area, offering residents easy access to numerous restaurants, retail shops, and seasonal events. The property is being sold "as-is" for $2,400,000. This presents a unique chance to capitalize on Upland's thriving market and create a significant residential development. The project is designed to prioritize access to public transportation, minimizing the need for resident parking. Communal spaces within the building and courtyard will offer residents access to various programs and social services.

    Property Features for 142 6Th Ave

    General Information

    Property type
    Land
    Lot Size
    42,253 SF

    HighLights

    • Downtown Upland development opportunity.
    • Property sold as‑is.
    • By‑right development: 53 multifamily units (54.71 DU/acre).
    • Senior affordable housing potential: 88 multifamily units (91.6 DU/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -117.642728
    Latitude
    34.0953368

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    FAQs

    What type of property is this?
    Land - Prime Upland development site, 0.97 acres.
    Where is this land located?
    The property is located at 142 6Th Ave 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: Downtown Upland development opportunity.; Property sold as-is.; By-right development: 53 multifamily units (54.71 DU/acre).
    Request Owner's contact information
    142 6Th Ave Upland, CA 91786
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    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 6Th Ave Upland, CA 91786
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