1735 E Washington St - Apartments FOR SALE


Colton, CA 92324
$840,000 USD
626-679-7947
1735 E Washington St, Colton, CA for Sale
$840,000 USD
Apartments - FOR SALE
1/16
null | 4.24% Cap Rate

1735 E Washington St
Colton, CA 92324


HIGHLIGHTS

  • Value Add Opportunity | 33.17% Upside in Rents
  • Gated Community With Pool & Covered Parking Available
  • Flexibility for Future Exit Strategies, Ability to Sell Units Individually
  • HOA Includes: Water, Sewer, Gas, Trash, Upkeep and Maintenance of Pool & Landscape of Common Areas
  • Convenient Regional Connectivity to Surrounding Employment Centers via Interstate 215, State Route 60 & State Route 91

OVERVIEW

We are pleased to present the opportunity to acquire individually or as a portfolio, five oversized 1BR / 1BA condominiums within the gated Amber Tree Condominium Community in Colton. The offering provides an owner user to live in or investor with the opportunity to acquire multiple units within a single established community while retaining the flexibility of individual condominium ownership. Each unit offers approximately 680 square feet of living space with a spacious floor plans with generous sized bedrooms, central air conditioning and heating, and assigned parking. Community amenities include a swimming pool, spa and on-site laundry facilities, with HOA dues that covers: water, sewer, gas, trash, upkeep and maintenance of pool & landscape of common areas. The individual condominium ownership structure provides greater flexibility for future exit strategies, including the ability to sell units individually rather than as a portfolio. This further enhances the overall appeal of the asset. The property benefits from convenient access to I-10 and I-215, Loma Linda University Medical Center, Loma Linda University Children’s Hospital, the VA Medical Center, and a broad range of shopping, dining, and major Inland Empire employment centers. Its strategic location near key healthcare, education, and employment drivers supports consistent rental demand from students, medical professionals, and the broader regional workforce.

FOR SALE DETAILS

PRICE

$840,000 USD

PRICE/SF

$21 USD /SF

# OF UNITS

5

PRICE/UNIT

$168,000

CAP RATE

4.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,418 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Sean HwangboSean HwangboMore Info
626-679-7947

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Sean HwangboSean HwangboMore Info
626-679-7947

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.