19
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$1,950,000
Est. payment /mo
0.39 Acres Lot
New
1245 N Mount Vernon Avenue Colton, CA 92324
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25085084
HOA Y/N No
Year Built 1940
Lot Size 0.390 Acres
Property Sub-Type Apartment
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.
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 273 - Colton
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Biking, Sidewalks
Private Pool No
Building
Lot Description 26-30 Units/Acre
Story 1
Sewer Public Sewer
New Construction No
Others
Senior Community No
Tax ID 0161134070000
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by William Melton • PAEZ REALTY COMPANY