When the owners of 524 E Cabernet Ct reached out, they were looking for help finding a tenant for their home for rent in Upland CA. What started as a simple leasing assignment quickly turned into a much larger conversation—one centered around long-term planning, family needs, and ultimately, the possibility of a 1031 Exchange to help them reposition their investment closer to home.
A Rental Property With Family History
This wasn’t just another home for rent in Upland CA. The owners originally purchased it as a place for their daughter to live during her college years in Southern California. Though they lived in Northern California, owning this home made perfect sense at the time—especially since it also doubled as a long-term investment.
Once their daughter graduated and began her career, the property transitioned into a steady rental. For nearly a decade, they rented it to a single tenant. When that tenant needed to move due to changes in his life, the property faced its second vacancy. That is when they called me to help them lease their home for rent in Upland CA.
From Leasing to Considering a 1031 Exchange
As I began preparing the property for a new tenant, we discussed their long-term goals. With years passing and the owners getting older, traveling from Northern California to maintain a home for rent in Upland CA became more challenging. They started to ask whether continuing as long-distance landlords made sense.
After reviewing their investment options, the possibility of a 1031 Exchange quickly rose to the top. A 1031 Exchangewould allow them to sell their Upland property and reinvest the proceeds into a new rental closer to their primary residence—while deferring capital gains taxes. This strategy fit them perfectly, and we transitioned from tenant-finding to preparing the home for a 1031 Exchange sale.
Preparing the Property for Market
To ensure the home presented well—whether as a home for rent in Upland CA or as a property suited for a 1031 Exchange—I brought in my trusted handyman to upgrade the backyard. Previously just dirt, the yard was transformed into a drought-tolerant space featuring:
– Lava rock
– Agave
– Cactus
– Updated irrigation
– Clean, low-maintenance desert landscaping
This improvement increased the home’s value, strengthened its market appeal, and supported both our leasing strategy and the upcoming 1031 Exchange listing.
A Smooth 1031 Exchange and a New Beginning
Once listed, the home attracted strong buyer interest and sold smoothly, allowing the owners to proceed with their 1031 Exchange without delay. An agent in Northern California assisted them with purchasing a new investment property that fit perfectly into their 1031 Exchange plan. With the process complete, they now own a rental that is closer to home, easier to manage, and more aligned with their long-term goals.
What started as a simple inquiry about a home for rent in Upland CA ultimately became a successful, life-improving 1031 Exchange—one that helped the owners simplify their investment portfolio and improve their quality of life.
Property Highlights
Address: 524 E Cabernet Ct, Upland, CA 91786
Status: Initially a home for rent → Sold via 1031 Exchange
History: Student housing → Long-term rental → Vacancy → Strategic 1031 Exchange
Key Improvements:
– Backyard transformed from dirt to drought-tolerant landscape
– Full irrigation system upgrade
– Increased property appeal for both renters and exchange buyers
– Market-ready preparation designed with the 1031 Exchange outcome in mind
Represented By
Justin Eden – REALTOR®
Specializing in: Claremont, Pomona, La Verne, Upland, Glendora, Chino Hills, Rancho Cucamonga