1245 N Mt Vernon Ave - Apartments FOR SALE
Colton, CA 92324 |
$1,950,000 USD
626-664-1341
1245 N Mt Vernon Ave
Colton, CA 92324
HIGHLIGHTS
- Prime Location – Ideally situated right off the 10 Freeway, with a quiet residential neighborhood on one side and major shopping centers on the other.
- ADU Potential – Opportunity to add two ADUs (buyer to verify with the city)
- Minimal Management Required
- Well-Maintained & Fully Occupied
- Low Operating Expenses
- Additional Income from Laundry
OVERVIEW
Martinez & Associates, Inc. is 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 6.4%. 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.
Drive by only—please do not disturb tenants.
FOR SALE DETAILS
PRICE
$1,950,000 USD
PRICE/SF
$322 USD /SF
# OF UNITS
11
PRICE/UNIT
$177,273
CAP RATE
5.5%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1940
PARKING SPACES
12
LAND DETAILS
LAND ACRES
0.4 AC
LAND SF
17,398 SF
ZONING
-
APN/PARCEL ID
0161-134-07
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
626-664-1341
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
626-664-1341
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
