$2,085,000
For more information regarding the value of a property, please contact us for a free consultation.
0.79 Acres Lot
SOLD DATE : 06/08/2022
Key Details
Sold Price $2,085,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV22076012
Sold Date 06/08/22
HOA Y/N No
Year Built 1955
Lot Size 0.790 Acres
Property Description
We are pleased to exclusively present the opportunity to acquire 848-888 West G Street, an 11-units multifamily investment property located in Colton, California. Built in 1955, the property sits on an oversized parcel of 0.79-acre (34,240 square feet) and has an approximate building size of 7,847 square feet. The property features five buildings and is comprised of one two-bedroom/two-bathroom home, four one-bedroom/one-bathroom, and six two-bedroom/one-bathroom units. The units feature enclosed backyards, eight single car garages and one two-car garage. The apartments are individually metered for gas and electricity and have individual hot water heaters.
The property is conveniently located with easy access to the Interstate 10 and 215 freeways, right across the street from Colton High School. The property is in close proximity to several higher education institutions including San Bernardino Valley College, Loma Linda University, and University of California Riverside, thus having the potential to attract long-term residents. The property is within walkable distance from bus stops, restaurants, and service stores on Valley Boulevard, one of the main arterials taking commuters east and west of the Inland Empire that has a traffic count of 18,323. For recreation, residents can enjoy the Colton Gold Course and hiking or biking the Santa Ana River Trail that is 2.2 miles away and spans over a hundred miles. Found in the Inland Empire region of San Bernardino, the small town of Colton has grown into a thriving transportation network with a focus on high-quality living for its residents.
Location
State CA
County San Bernardino
Area 273 - Colton
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Sidewalks
Total Parking Spaces 12
Private Pool No
Building
Lot Description Lawn
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 0162271180000
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with DOUGLAS MCCAULEY • MARCUS & MILLICHAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
25101 The Old Road Suite 240, Ranch, Ca, 91381, United States