291 N 2nd Avenue, Upland, CA 91786

$3,700,000
Sold Price
$3,700,000
List Price
$3,800,000
Closing Date
Jun 29, 2022
Status
CLOSED
MLS#
PW21254128
Year Built
1909
Lot Size
5,880
Acres
0.135
Lot Location
Item610UnitsAcre
Days on Market
91
Property Type
Multifamily
Stories
Two Levels

Property Description

OUTSTANDING MIXED-USE- COMMERCIAL BUILDING, IN THE BEAUTIFUL HISTORIC DOWNTOWN UPLAND, LARGE ADJACENT PUBLIC PARKING LOT, CORNER BUILDING WITH EXCELLENT VISIBILITY, SUCCESSFUL BOTTOM FLOOR RETAIL TENANTS. FIRST LEVEL OFFER: Bar and Grill, Subway and Taco Bout. J.D. Allison Grill is an elevated American Cuisine in a friendly captivating ambiance, Rating 4.5 Stars, Subway is an American Fast Food Restaurant Franchise, Rating 3.9 Stars and Taco Bout has originality Mexican Food under Remodeling, Rating 5.0 Stars. SECOND LEBEL OFFERS: 8-Units apartments, 5 consisting in 2 bedrooms 1 bathroom and 3 consisting 1 bedroom and 1 bathroom. Because the location is one of the best in Downtown Upland, the property has always been well occupied in the ground floor retail and the 2nd floor apartment are always in demand. The Old Town District is the historic core and social heart or Upland. This part of Old Town is often the site of public events such as the weekly Farmer's Market and holiday fairs. Tenants paid for Gas and Electricity, seller paid just Water.

Additional Information

Pool Description
None
Sewer
Unknown
Water
Public
Attached Structure
Attached
Number Of Units Total
11
Gross Scheduled Income
$247,260
Operating Expense
49268

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Martha Diaz from Listing Office: RE/MAX One

Listing sold by JASON ESPINOZA-MENDEZ from AMAYA GROUP REAL ESTATE

Based on information from California Regional Multiple Listing Service, Inc. as of . 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. 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 and 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.