Homes for sale - 1245 N Mount Vernon AVE, Colton, CA 92324

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JLee Broker

[email protected] +1(650) 857-1000

Listed by William Melton • PAEZ REALTY COMPANY

$1,950,000

Est. payment - /mo

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRCV25085084

Year Built 1940

Source California Regional MLS

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.

Location

State CA

County San Bernardino

Area 273 - Colton

Interior

Laundry None

Exterior

Pool None

Others

Tax ID 0161134070000

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1245 N Mount Vernon AVE Colton, CA 92324

JLee Broker

Key Details

Location

Interior

Exterior

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