Seller's Agent in 2022
Martha Diaz
RE/MAX
(714) 658-7358
1 in this area
17 Total Sales
291 N 2nd Ave Upland, CA 91786
Estimated Value: $3,784,004
15
Beds
10
Baths
11,150
Sq Ft
$339/Sq Ft
Est. Value
About This Home
As of June 2022OUTSTANDING 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $40,989
Year Built
- Built in 1909
Lot Details
- 5,880 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 11,150 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 15 Bedrooms
- 10 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Additional Features
- Exterior Lighting
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for electricity, gas, telephone
- Legal Lot and Block 1 / 37
- Tax Tract Number 903
- Assessor Parcel Number 1046402090000
Community Details
Building Details
- 11 Leased Units
- 13 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $78
- Insurance Expense $679
- Trash Expense $215
- Water Sewer Expense $340
- Operating Expense $11,312
- Gross Income $247,260
- Net Operating Income $197,991
Additional Features
- 11 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 24, 2021
Closed on
Jun 17, 2022
Sold by
Raygoza and Agustina
Bought by
Orellana Family Commercial Properties Upland
Seller's Agent
Martha Diaz
RE/MAX One
Buyer's Agent
Jason Espinoza
NEST REAL ESTATE
List Price
$4,100,000
Sold Price
$3,700,000
Premium/Discount to List
-$400,000
-9.76%
Total Days on Market
154
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,004
Avg. Annual Appreciation
0.98%
Purchase Details
Closed on
Jul 27, 2018
Sold by
Zonni Marco and Zonni Antonia
Bought by
1510 E Canfield Apartments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 16, 2004
Sold by
Zonni Anna Maria
Bought by
Zonni Anna Maria
Purchase Details
Closed on
Jul 3, 1996
Sold by
Zonni Anna Maria
Bought by
Zonni Domenick and Zonni Anna Maria
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Orellana Family Commercial Properties Upland | $3,700,000 | First American Title | |
| Raygoza Vicente | -- | First American Title | |
| Raygoza Mariano | -- | First American Title | |
| 1510 E Canfield Apartments Llc | $2,825,000 | North American Title Company | |
| Zonni Anna Maria | -- | -- | |
| Zonni Domenick | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Orellana Family Commercial Pro | $2,035,000 | |
| Previous Owner | Kuhel Terry L | $25,000 | |
| Previous Owner | 1510 E Canfield Apartments Llc | $1,550,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2022 06/29/22 | Sold | $3,700,000 | -2.6% | $332 / Sq Ft |
| 04/27/2022 04/27/22 | Pending | -- | -- | -- |
| 04/07/2022 04/07/22 | Price Changed | $3,800,000 | +2.7% | $341 / Sq Ft |
| 02/07/2022 02/07/22 | Price Changed | $3,700,000 | -7.5% | $332 / Sq Ft |
| 12/22/2021 12/22/21 | Price Changed | $4,000,000 | -2.4% | $359 / Sq Ft |
| 11/24/2021 11/24/21 | For Sale | $4,100,000 | -- | $368 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $40,989 | $3,849,480 | $249,696 | $3,599,784 |
| 2023 | $40,392 | $3,774,000 | $244,800 | $3,529,200 |
| 2022 | $31,763 | $2,969,579 | $183,956 | $2,785,623 |
| 2021 | $31,753 | $2,911,352 | $180,349 | $2,731,003 |
| 2020 | $30,892 | $2,881,500 | $178,500 | $2,703,000 |
| 2019 | $7,321 | $659,708 | $247,391 | $412,317 |
| 2018 | $7,141 | $646,772 | $242,540 | $404,232 |
| 2017 | $6,936 | $634,090 | $237,784 | $396,306 |
| 2016 | $6,706 | $621,657 | $233,122 | $388,535 |
| 2015 | $6,553 | $612,319 | $229,620 | $382,699 |
| 2014 | $6,385 | $600,324 | $225,122 | $375,202 |
Source: Public Records
Agents Affiliated with this Home
-
Martha Diaz
-
Jason Espinoza
J
Buyer's Agent in 2022
Jason Espinoza
NEST REAL ESTATE
(714) 619-0874
1 in this area
42 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21254128
APN: 1046-402-09
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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