Property Detail

278 11th

Upland CA 91786

$5,825,000

Status: Active

Property Details

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.

Map Location

Listing provided courtesy of Mark Bittenbender of Greysteel California, Inc.. Last updated 2025-12-17 09:41:49.000000. Listing information © 2025 CRMLS.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

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