$1,100,000
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0.4 Acres Lot
SOLD DATE : 08/24/2022
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22159196
Sold Date 08/24/22
HOA Y/N No
Year Built 1958
Lot Size 0.404 Acres
Property Description
Welcome to this absolutely stunning income producing property for sale in the quiet and rural town of Colton, CA where you are collecting a total of $7,375/month!! Property shows great pride of ownership as the entire exterior has been fully updated. You can own this 5-unit property with the potential for a 6th unit. This building comes with 6 electrical meters and 6 gas meters and with approved plans for a 6th unit. This cash cow consists of four 2 bed 1 bath units and one 3-bed 1 bath unit. You have the potential for major upside while collecting very healthy rents. Located in a very desirable location, within walking distance to shopping centers, restaurants, and much more. Colton, referred to as the hub of the Inland Empire, is located in a suburb 60 mins from Los Angeles, Palm Springs, and Big Bear. Strategically located next to the I-10 and the I-215 freeways connecting destinations in every direction. Adjacent is the California University of Science and Medicine (CUSM) with Loma Linda University Medical Center and Kaiser Permanente less than six miles away. This will not last!
Location
State CA
County San Bernardino
Area 273 - Colton
Interior
Fireplace No
Laundry Common Area, In Kitchen
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0160261310000
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Financing Cash
Special Listing Condition Standard
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Bought with WILL QUANSTROM • RITA SHAW BROKER & ASSOCIATES
"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