424 W 7th Street, Upland, California 91786, Upland, - bed, bath
ACTIVE$1,670,000
424 W 7th Street, Upland, California 91786
0Bed
0Bath
4,270Sqft
23,300Lot
Year Built
1908
Close
-
List price
$1.67M
Original List price
$1.67M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25057007
Home ConditionGood
Features
View-
About this home
*Location*Location*Location* See this Desirable Investment Opportunity in an Excellent Residential Neighborhood. This 7-unit property on a 1/2 acre lot has plenty of parking and is well maintained. The property has been recently upgraded throughout and the owner has made substantial significant improvements. Newer roof and remodeled units. The property has easy access to the freeways and is close to all the restaurants, grocery stores, parks and local schools. Property is legal non-conforming 7 units and permitted for 5.
Price History
Date
Event
Price
03/14/25
Listing
$1,670,000
Condition Rating
Good
Despite being built in 1908, the listing description explicitly states the property has been 'recently upgraded throughout,' with 'substantial significant improvements,' a 'newer roof,' and 'remodeled units.' The exterior images show a well-maintained property for its age, with fresh-looking paint on some structures. While a definitive assessment of the kitchen and bathroom conditions, styles, and features is impossible without interior images, the strong claims of recent remodeling suggest these critical areas have been updated to a 'move-in ready' standard, aligning with the 'Good' criteria for properties extensively renovated within the last 5 to 15 years. However, without visual confirmation of the interior finishes, appliances, and systems, this score relies heavily on the accuracy of the provided description.
Pros & Cons
Pros
High Income Potential: As a 7-unit property, it offers significant rental income and cash flow opportunities, making it a desirable investment.
Strategic Location: Situated in an 'Excellent Residential Neighborhood' with easy freeway access and proximity to essential amenities like restaurants, grocery stores, parks, and schools, enhancing tenant appeal.
Extensive Recent Upgrades: The property has been 'recently upgraded throughout,' including a 'newer roof and remodeled units,' indicating reduced immediate capital expenditure for a new owner.
Generous Lot Size & Parking: A substantial 1/2 acre lot (23,300 sqft) provides ample space and 'plenty of parking,' a valuable asset for a multi-unit property.
Well-Maintained Condition: Described as 'well maintained,' suggesting a property that has received consistent care, contributing to its long-term appeal and potentially reducing deferred maintenance concerns.
Cons
Legal Non-Conforming Status: The property is 'legal non-conforming 7 units and permitted for 5,' which presents significant legal and regulatory risks, potential financing challenges, and limitations on future modifications or expansion.
Advanced Age of Building: Constructed in 1908, the property is over a century old, which may lead to unforeseen maintenance issues with original infrastructure or require specialized upkeep, despite recent renovations.
Potential for Zoning/Permit Scrutiny: The discrepancy between the actual unit count and permitted units, coupled with a 'Mixed Use' subtype in a residential area, could attract scrutiny from local authorities, potentially complicating operations or future development plans.