1000 Realty Corporation
Listed by 1000 Realty Corporation
$1,620,000
1097 Richland Street
Details
APN 1047192330000
Property Type Multifamily
Sub Type Apartment Building
Units 5
Cap Rate 5.65%
Buildings 1
Acreage 0.294
Zoning Public Rec
Multifamily | 5.65% CAP | 5 Units
Marketing description
Excellent income with big potential! Actual income is $123,414/yr. Great location with huge lot. The rent is below market. All 2 bedrooms and 1 bathroom. A big lot may build additional ADU or units. The buyer must verify with the City. Convenient location closed shopping center, school, freeway and supermarket. Short drive to Uplands historic downtown, Montclair Plaza, and Claremont Village. Built in 1979. Each unit has 1 car garage with 1 parking space plus an additional one guess parking(11 parking total). No local rent control. Strong rental demand in the area. The annual rent increase period for all five tenants has already expired. Since there is no local rent control, the buyer can raise the rent significantly within Californias legal limits and become the biggest beneficiary.
Listing Contacts
1000 Realty Corporation
Listed by 1000 Realty Corporation
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Zoning
RM-20 ResidentialMulti FamilyResidential Multifamily Low Minimum 10 And Maximum 20 Units Per Acre
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View all 126 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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