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Closed
- Listed price
- $1,300,000
- Listed Jan 10, 2015
- Sold price
- $1,290,000
- Sold May 26, 2015
5,100 sqft lot|1910 Built|128 MLS days on market
296 N 2nd Ave, Upland, CA 91786
Property Description
Rare investment opportunity! This is a NNN net leased investment with a corporate tenant who owns several businesses in the local area. Building renovation was completed in 2009. Extensive interior & exterior improvements were completed in 2011. The elegant improvements provide a pride of ownership investment. 4,930 sq ft bldg with additional mezzanine area and outdoor patio seating area. STREET CORNER LOCATION Located in Historic Downtown Upland within walking distance to the famous Grove Theater, City Hall, School District offices, the award winning' San Antonio Community Hospital, the Metrolink, and numerous offices. Located just 36 miles east of Los Angeles, the City of Upland is a very affluent City. The average household income: $80,386. Establishing Downtown Upland as a vibrant retail district is one of the top priorities for the city leaders. The city is currently creating a plan to redevelop empty lots into mixed use buildings that will include new housing units and office spaces PRICE REDUCED FROM $1.4 Million DOWN TO $1.3 MILLION! AN EXCELLENT 1031 EXCHANGE PROPERTY. Net Op Income: $100,572.00 Cap Rate: 7.74% 3% annual increases first 5 years and 5% annual increases years 6 thru 10 Single Tenant NNN Investment (Restaurant)
Listing agent: ERIC RAMIREZDRE #01440538EricR@MilleniaCommercial.com, Listing office: MILLENIA REAL ESTATE SERVICES
MLS data updated 10/28/2026, 7:09:07 AM PT
Source: CRMLSMLS #: CV15006177
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,290,000
May 26, 2015
Available records22015
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 91786 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 91786 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.