142 6Th AveUpland, CA 91786

Property Details for 142 6Th Ave

Lot size

0.97 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 0.97-acre land parcel in Upland, California, presents a remarkable multi-family development opportunity. Located at 142 N 6th Ave, with APN 1046-562-01, 02, 03, 04, and zoned SP3, this property offers significant potential for both market-rate and affordable housing projects. By-right development allows for a 53-unit multi-family community, comprising 35 one-bedroom and 18 two-bedroom units in a four-story wood-frame building with recreational amenities, including a workout room. Alternatively, leveraging density bonuses for affordable housing, the site can accommodate an 88-unit affordable housing community, featuring 70 one-bedroom and 18 two-bedroom units within a three-story wood-frame building. This project would include a community room, lobby, mailroom, and bicycle storage. The property's strategic location is within walking distance of the Upland Metrolink station and the vibrant Downtown Upland area, offering residents easy access to numerous restaurants, retail shops, and seasonal events. The property is being sold "as-is" for $2,400,000. This presents a unique chance to capitalize on Upland's thriving market and create a significant residential development. The project is designed to prioritize access to public transportation, minimizing the need for resident parking. Communal spaces within the building and courtyard will offer residents access to various programs and social services.

Location Insight

City

Upland

County

San Bernardino

State

California

Latitude

34.0953

Longitude

-117.643

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