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291 N 2nd Avenue

Upland, CA 91786
  • $4,100,000
  • STATUS: Active
  • ON SITE: 10 Days
  • ID#: PW21254128
UPDATED: 71 min ago
$4,100,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1909
County:
Area:

School Ratings & Info

Listing Agent: Martha Diaz of Re/Max One


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123553126
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291 N 2nd Avenue Upland, CA 91786

  • Price: $4,100,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 71 min ago
  • ID#: PW21254128
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1909
Built
Neighborhood:
690 - Upland
County:
San Bernardino
Area:
690 - Upland
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.
Exterior Features

Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 13 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Street LightsSidewalks Electric Expense 78 Fuel Expense 0 Garage YN No Gross Income 228804 Gross Scheduled Income 228804 Insurance Expense 679 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Net Operating Income 210666 New Construction YN No Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 18138 Possession Close Of Escrow Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Tenant Pays ElectricityGasTelephone Total Actual Rent 9900 Trash Expense 515 Water Sewer Expense 240 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Martha Diaz of Re/Max One