$5,195,000
278 North 11th Avenue offers the opportunity to acquire a newly constructed, stabilized eight-unit multifamily asset in Upland, CA—an Inland Empire market supported by population growth, economic expansion, and strong regional connectivity. Offered at $5,195,000 ($305.01/SF), the property delivers a 4.89% in-place cap rate on a 0.4117-acre site, combining stable income with long-term market resilience. The asset comprises 8 units with 20 bedrooms and 18 bathrooms, designed to attract quality tenants. Upland’s location at the base of the San Gabriel Mountains provides access to Greater Los Angeles employment centers while maintaining Inland Empire affordability. The submarket continues to benefit from in-migration driven by rising coastal housing costs, suburban lifestyle appeal, and access to schools and amenities. A diversified economic base across logistics, healthcare, manufacturing, and retail—supported by proximity to Ontario International Airport and major freeways—underpins durable rental demand. Each unit features spacious layouts, private garages, in-unit laundry, stainless steel appliances, and smart home technology. Energy-efficient construction and warranty coverage reduce near-term capital risk and enhance operating efficiency. Positioned for 1031 exchange buyers or tax-efficient capital deployment, the asset offers depreciation benefits and a stable operating profile in a high-growth Southern California corridor with sustained demand and limited new supply.
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Listed by Mark Bittenbender with GREYSTEEL (310) 439-5790
Property Type
Mixed Use
Status
Active
MLS Number
2600522SD
Year Built
N/A