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Key Details
Sold Price $1,260,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21071930
Sold Date 05/14/21
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1954
Lot Size 0.480 Acres
Acres 0.48
Property Description
Incredible investment and very rare opportunity for 2 single family detached homes built in the early 1900's but new roofs, new electrical, new pipes and plumbing, new flooring, new appliances, new lighting, high vaulted ceilings. 2 single family detached houses with private yards, each has it's own washer & dryer. A duplex built in 1954 which has 2 bedrooms 1 bath each and those are also in mint condition. The best of all is a working garage/warehouse. The tenant is in until July 2022 but can be given a 30 days notice at any time and all of the residential folks are on a month to month lease contract and they hope to stay. The garage warehouse tenant pays $3500 a month. There are 4 fully permitted lifts and 2 fully permitted lifts outside and the warehouse can be turned into almost anything and the auto garage is fully permitted. Great source of income just under $10,000 per month. The houses are rented for $1500, $1485, and the duplex is $1600 and $1500. The rents are low can be raised at any time. The garage tenant is paying $3500 currently. Great corner location next to vacant land slated for development for fine dining, entertainment, live work loft space. Incredible future development site. Value will continue to rise along with rents! Mixed use very rare opportunity. Drive by only all offers subject to interior inspection. Come on over and stay awhile and enjoy the beautiful downtown Upland atmosphere. Charming craftsman homes , views of Mt. Baldy, close to metro.
Location
State CA
County San Bernardino
Area 690 - Upland
Rooms
Other Rooms Second Garage, Storage, Workshop
Ensuite Laundry Laundry Room
Interior
Interior Features High Ceilings, Open Floorplan, All Bedrooms Down, Bedroom on Main Level
Laundry Location Laundry Room
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Tile, Vinyl, Wood
Fireplaces Type None, Outside
Fireplace No
Appliance Water Heater, Dryer, Washer
Laundry Laundry Room
Exterior
Garage Door-Multi, Garage, Workshop in Garage
Garage Spaces 6.0
Garage Description 6.0
Fence Chain Link, Wood
Pool None
Community Features Curbs, Street Lights
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Mountain(s), Neighborhood
Roof Type Composition
Parking Type Door-Multi, Garage, Workshop in Garage
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre, Corner Lot, Lawn
Story One
Entry Level One
Foundation Combination, Raised
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories One
Additional Building Second Garage, Storage, Workshop
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 1046582070000
Acceptable Financing Conventional, 1031 Exchange, Submit
Listing Terms Conventional, 1031 Exchange, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Kevin Lee • Coldwell Banker Alliance
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960