Overview

Highlights

• Development Opportunity Near Downtown Upland
• Property Will Be Delivered In An “As Is” Condition
• By-Right: 53 Multi-Family Units / 54.71 DU/Acre
• Senior Affordable: 88 Multi-Family Units / 91.6 DU/Acre

Description

By-Right Development: The subject property allows for the by-right development of a 53 unit Multi-Family Residential Community consisting of 1 on-grade, wood-frame, four story building with recreational amenities including a workout room. The community would consist of (35) one bedroom & (18) two bedroom units. The project is within walking distance to the Upland Metrolink station and Downtown Upland, which hosts numerous seasonal street fairs and open aire markets, and provides a multitude of restaurants and retail shopping along pedestrian friendly walkways.

Senior Affordable Development: If a developer utilizes the density bonuses allowed for affordable housing communities, the subject property allows for the development of an 88 unit Affordable Housing Community consisting of 1 wood-frame, three story building with recreational amenities including a community room, lobby, mailroom, and bicycle storage. The community would consist of (70) one bedroom & (18) two bedroom units. The project is designed around access to the nearby rail station rather than automobile use, and as such the project doesn’t include resident parking. Within the clubhouse and the courtyard communal spaces residents will enjoy a variety of programs and social services.

Location

The project is within walking distance to the Upland Metrolink station and Downtown Upland. Discover the charming city of Upland, CA - a vibrant location for your next multifamily development venture. Nestled in the heart of the Inland Empire, this thriving community offers a perfect blend of urban amenities and a suburban atmosphere. With convenient access to the I-10 freeway and stunning views of the San Gabriel Mountains, the area presents an attractive investment opportunity for Land and Multifamily investors. Enjoy nearby attractions such as the historic downtown district, scenic parks, and renowned local dining options. Upland's strong sense of community and robust economic growth make it an ideal setting for your next real estate venture.

Contact Broker