1245 N Mount Vernon Avenue

Colton, CA 92324

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,763 Sqft
  • 16988.4
    Sqft(Lot)
$1,950,000

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.

  • Property Type

    Residential Income

  • County

    San Bernardino

  • Style

    Residential Income

  • AD ID

    49419800

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Property Details

  • Water/Sewer

    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1940
    • Building Area Total: 4,763

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.39
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 16988.4

  • Listing Price Information

    • Original List Price: 1,950,000
    • Listing Contract Date: 2025-03-01

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 0161134070000

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 273 - Colton
    • Directions: Right off of N Mount Vernon Avenue, Cross Street is Olive Street
    • Source Property Type: Residential Income
    • Area: 273 - Colton
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 85
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: Mt Vernon Ave
    • Property Attached: Yes
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BuyOwner last updated this listing 04/26/2025 @ 21:45

  • MLS: CV25085084
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4,763 sqft, 16,988 sized lot, and 0 parking. are nearby neighborhoods.