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$5,825,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25277033
HOA Y/N No
Year Built 2024
Property Sub-Type Multi Family
Property Description
278 North 11th Avenue offers investors the opportunity to acquire a newly constructed, stabilized eight-unit
multifamily property in Upland, CA—an Inland Empire city benefiting from sustained population growth, economic
expansion, and excellent regional connectivity. Priced at $5,825,000 (or $342 per square foot), the asset delivers a
4.11% in-place cap rate and is situated on a 0.4117 AC lot, combining yield, quality, and long-term market resilience.
The property consist of four (4) 3B3B, two (2) 2B+Loft/1B and two (2) 2B2B units.
Strategically positioned at the base of the San Gabriel Mountains, Upland provides direct access to both the
employment centers of Greater Los Angeles and the affordability of the Inland Empire. The region continues to
attract renters priced out of coastal markets, drawn by lower housing costs, a suburban lifestyle, and access to good
schools, parks, and recreational amenities. This in-migration is supported by a strong economic base that spans
logistics, healthcare, manufacturing, and retail—further reinforced by proximity to Ontario International Airport and
major freeways including I-10, I-15, and the 210.
Each unit at the property is thoughtfully designed with spacious layouts, private garages, in-unit laundry, stainless
steel appliances, and smart home technology. The building is energy-efficient and under warranty, which minimizes
near-term maintenance exposure and enhances operating margins. For buyers seeking a 1031 exchange vehicle or
tax-efficient asset, this investment offers both depreciation benefits and a stable operating profile in one of Southern
California's most dynamic growth corridors. With rising rental demand, constrained new supply, and modern
construction, 278 North 11th Avenue presents a rare blend of durability, upside, and location-driven security.
multifamily property in Upland, CA—an Inland Empire city benefiting from sustained population growth, economic
expansion, and excellent regional connectivity. Priced at $5,825,000 (or $342 per square foot), the asset delivers a
4.11% in-place cap rate and is situated on a 0.4117 AC lot, combining yield, quality, and long-term market resilience.
The property consist of four (4) 3B3B, two (2) 2B+Loft/1B and two (2) 2B2B units.
Strategically positioned at the base of the San Gabriel Mountains, Upland provides direct access to both the
employment centers of Greater Los Angeles and the affordability of the Inland Empire. The region continues to
attract renters priced out of coastal markets, drawn by lower housing costs, a suburban lifestyle, and access to good
schools, parks, and recreational amenities. This in-migration is supported by a strong economic base that spans
logistics, healthcare, manufacturing, and retail—further reinforced by proximity to Ontario International Airport and
major freeways including I-10, I-15, and the 210.
Each unit at the property is thoughtfully designed with spacious layouts, private garages, in-unit laundry, stainless
steel appliances, and smart home technology. The building is energy-efficient and under warranty, which minimizes
near-term maintenance exposure and enhances operating margins. For buyers seeking a 1031 exchange vehicle or
tax-efficient asset, this investment offers both depreciation benefits and a stable operating profile in one of Southern
California's most dynamic growth corridors. With rising rental demand, constrained new supply, and modern
construction, 278 North 11th Avenue presents a rare blend of durability, upside, and location-driven security.
Location
State CA
County San Bernardino
Area 690 - Upland
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Exterior
Total Parking Spaces 8
Building
Lot Description 0-1 Unit/Acre
Story 3
Water Public
Others
Tax ID 1046462160000
Special Listing Condition Standard
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Listed by Mark Bittenbender Greysteel California, Inc. asanders@greysteel.com
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