481 N 9th Street Colton, CA 92324
Listing Courtesy of: CRMLS / Coldwell Banker Top Team / Robin Marquez

  481 N 9th Street Colton, CA 92324

Active (10 Days)
$1,488,888

Description

Amazing Investment Opportunity on this Beautiful Garden Style Apartment Complex. It has a large Courtyard and sits on an extra large corner lot, Five Buildings total. One 2 story and Four single story apartment buildings. These units have great curb appeal with well maintained landscaping. All units have a one car garage. Most units have been updated fully with electrical, freshly painted and remodeled with new tile, laminated & wood floors. Remodeled kitchen & baths as well. Nine Units Total! Each one bedroom one bath unit is an extra large unit with approx 665 SF. Extra income with owned Laundry facilities on site. Total rental income: $8275/mo. (All Below Market Value at this time) Proforma Income $12,600/mo. Lots of parking. ADDITIONAL LOT INCLUDED IN SALE, located at 461 N. 9th St/APN #0162101070000. Extra lot holds 3600 sq ft with 4 garages & storage room(960 sq. ft.). 11 garages total. Potential for the 2 extra garages to produce income. New rental development across the Street. Great desirable Rental Area! Safe neighborhood with the Police Station 1 block away. Also, one block from up-and-coming downtown renovations and Fleming Park. These units remain FULLY OCCUPIED!

MLS #:
TR24092028
Taxes
$11,465(2023)
Lot Size
0.34 acres
Type
Multifamily
Year Built
1939
County
San Bernardino County

Listed By

Robin Marquez, Coldwell Banker Top Team
Source
CRMLS
Last checked May 23 2024 at 7:02 AM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Common Area
Lot Information
  • Rectangular Lot
Utility Information
  • Sewer: Public Sewer
Parking
  • Uncovered
  • Public
  • Guest
  • Garage
  • Door-Single
Stories
  • 1
Additional Listing Info
  • Buyer Brokerage Commission: 2.250
Location
   
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.