Colton, CA 92324,481 N 9th ST
Colton, CA 92324,481 N 9th ST
Colton, CA 92324,481 N 9th ST
Colton, CA 92324,481 N 9th ST
Colton, CA 92324,481 N 9th ST
Colton, CA 92324,481 N 9th ST
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$1,445,000

Est.Price: ?

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Est. payment /mo

0.34 Acres Lot


SOLD DATE : 07/15/2024

Key Details

Sold Price $1,445,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID TR24092028

Sold Date 07/15/24

HOA Y/N No

Year Built 1939

Annual Tax Amount $11,465

Tax Year 2023

Lot Size 0.344 Acres

Property Description

Amazing Investment Opportunity on this Beautiful Garden Style Apartment Complex. It has a large Courtyard and sits on an extra large corner lot, Five Buildings total. One 2 story and Four single story apartment buildings. These units have great curb appeal with well maintained landscaping. All units have a one car garage. Most units have been updated fully with electrical, freshly painted and remodeled with new tile, laminated & wood floors. Remodeled kitchen & baths as well. Nine Units Total! Each one bedroom one bath unit is an extra large unit with approx 665 SF. Extra income with owned Laundry facilities on site. Total rental income: $8275/mo. (All Below Market Value at this time) Proforma Income $12,600/mo. Lots of parking. ADDITIONAL LOT INCLUDED IN SALE, located at 461 N. 9th St/APN #0162101070000. Extra lot holds 3600 sq ft with 4 garages & storage room(960 sq. ft.). 11 garages total. Potential for the 2 extra garages to produce income. New rental development across the Street. Great desirable Rental Area! Safe neighborhood with the Police Station 1 block away. Also, one block from up-and-coming downtown renovations and Fleming Park. These units remain FULLY OCCUPIED!

Location

State CA

County San Bernardino

Area 273 - Colton

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Door-Single, Garage, Guest, Public, Uncovered

Garage Spaces 11.0

Garage Description 11.0

Pool None

Community Features Park

Total Parking Spaces 20

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level One,Two

Sewer Public Sewer

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 0162101060000

Energy Description 440.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Robin Marquez • Coldwell Banker Top Team • 714-267-0709
Bought with Robin Marquez • Coldwell Banker Top Team
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25101 The Old Road Suite 240, Ranch, Ca, 91381, United States

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