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1245 N Mount Vernon Avenue, Colton, CA 92324

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For Sale

$1,950,000

6 beds • 11 baths • 4,763 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $409.41
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# CV25085084

Courtesy Of Paez Realty Company

(909) 476-3552

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 1245 N Mount Vernon Avenue, Colton, CA 92324

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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