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9,504 sqft

$2,950,000

665 and 671 Richland, Upland CA, 91786

Price per sqft$310.40
Property size9,504 sqft
Property typeMulti-family

Overview

Active

Listed May 28, 2026

Updated Aug 27

12-Unit Multifamily Investment Offering | Exceptional Value-Add Potential We are pleased to present for acquisition a stabilized 12-unit multifamily property ideally situated at the terminus of a quiet cul-de-sac. This offering represents a compelling opportunity for the discerning multifamily investor seeking a well-amenitized asset with meaningful upside potential in both income and density. Property Overview The subject property is positioned on an expansive 19,000 square foot lot and features a highly desirable unit amenity package, including dedicated single-car garages and central air HVAC systems for each of the twelve residences. These in-unit amenities are consistent with institutional-quality multifamily offerings and serve as a strong foundation for achieving and sustaining market-rate rents. On-site laundry facilities and additional garages designated for storage provide supplemental income streams that further enhance the property's overall revenue profile.’ Investment Summary This offering is well-suited for the experienced multifamily investor, a 1031 exchange purchaser, or an owner-operator seeking to deploy capital into an asset that offers both durable in-place cash flow and a clearly defined path to value creation. Value-Add Opportunity The property presents a well-defined value-add business plan for the prospective investor. Current in-place rents reflect meaningful upside to prevailing market rates, offering the opportunity to organically grow net operating income through a measured lease-up strategy. Furthermore, the substantial 19,000 square foot lot affords considerable development optionality, including the potential addition of Accessory Dwelling Units (ADUs) through the conversion of select existing garage structures or through new ground-up construction on the available surplus land area — either of which would meaningfully enhance asset value and long-term yield. Location & Accessibility The property benefits from a desirable residential setting, tucked away from through traffic within a low-density cul-de-sac environment — a characteristic that supports strong tenant demand and above-average retention. Notwithstanding its tranquil setting, the property affords convenient and direct access to the Interstate 10 Freeway, providing residents with seamless connectivity to major regional employment centers, retail amenities, and transportation infrastructure.

$19,626/mo

Est. mortgage payment based on a $2,950,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
DMC2MG
Available since
May 28, 2026

Interior Features

Basement
No

Exterior Features

Lot Size
0.44 Acres

 

Courtesy of William Ukropina

Based on information from DASH - Coldwell Banker (CB) as of 8/27/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

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Data last updated 11:18 PM UTC, 8/27/2026

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