11th Avenue Townhomes 278 11th Ave 8 Unit Apartment Building $8,131,234 CAD ($1,016,404 CAD/Unit) 4.11% Cap Rate Upland, CA 91786

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 $5,900,000 (or $342 per square foot), the asset delivers a 4.11% in-place cap rate and is situated on an 17,032 SF 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.