CA > Colton
Colton, CA 92324,1245 N Mount Vernon Avenue
Colton, CA 92324,1245 N Mount Vernon Avenue
Colton, CA 92324,1245 N Mount Vernon Avenue
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$1,950,000
Est. payment /mo
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4 Beds
4 Baths
0.39 Acres Lot
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1245 N Mount Vernon Avenue Colton, CA 92324

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Kurt Wannebo

Kurt Wannebo

+1(858) 405-5878

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25085084

Bedrooms 4

HOA Y/N No

Lot Size 0.390 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Pleased to present 1245 N Mount Vernon Avenue, an 11-unit multifamily property in Colton, CA. The property offers strong cash flow, with an actual cap rate of 5.71% and a proforma cap rate of 6.41%. The owner covers water, sewer, and trash, while tenants pay for gas and electricity. Extensive interior and exterior renovations have been completed, ensuring a seamless transition for the next owner. Well-Maintained & Fully Occupied Minimal Management Required On-Site & Street Parking Additional Income from Laundry ADU Potential Opportunity to add two ADUs (buyer to verify with the city) Low Operating Expenses Prime Location Ideally situated right off the 10 Freeway, with a quiet residential neighborhood on one side and major shopping centers on the other. Close to San Bernardino Valley College, Costco, Walmart, and Arrowhead Regional Medical Center, ensuring strong rental demand.
Pleased to present 1245 N Mount Vernon Avenue, an 11-unit multifamily property in Colton, CA. The property offers strong cash flow, with an actual cap rate of 5.71% and a proforma cap rate of 6.41%. The owner covers water, sewer, and trash, while tenants pay for gas and electricity. Extensive interior and exterior renovations have been completed, ensuring a seamless transition for the next owner. Well-Maintained & Fully Occupied Minimal Management Required On-Site & Street Parking Additional Income from Laundry ADU Potential Opportunity to add two ADUs (buyer to verify with the city) Low Operating Expenses Prime Location Ideally situated right off the 10 Freeway, with a quiet residential neighborhood on one side and major shopping centers on the other. Close to San Bernardino Valley College, Costco, Walmart, and Arrowhead Regional Medical Center, ensuring strong rental demand.

Location

State CA

County San Bernardino

Area Riv Cty-Colton (92324)

Zoning Public Rec

Building

Lot Description Sidewalks

Story 1

Lot Size Range .25 to .5 AC

Others

Monthly Total Fees $283

Acceptable Financing Conventional

Space Rent $2,000

Listing Terms Conventional

San Diego Regional MLS (SDMLS)
Listed by William Melton • PAEZ REALTY COMPANY

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agent

Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

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1245 N Mount Vernon Avenue

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