142 6Th Ave Upland, CA 91786
- Commercial real estate
- 0.97 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 142 6Th Ave
- Lot size
- 0.97 lot acres
- Property type
- Commercial real estate
- APN
- 1046-562-01, 02, 03, 04
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Upland
- County
- San Bernardino
- State
- California
- Longitude
- -117.642728
- Latitude
- 34.0953368
