$1,540,000
$1,597,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
1327 Pennsylvania AVE Colton, CA 92324
12,600 SqFt
Key Details
Sold Price $1,540,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,600 sqft
Price per Sqft $122
MLS Listing ID EV14224040
Sold Date 12/29/14
HOA Y/N No
Year Built 1964
Annual Tax Amount $1,106
Tax Year 2013
Lot Size 1.526 Acres
Acres 1.526
Property Description
What a golden goose! Current CAP 6.22%, Pro Forma 6.97%! Located in an excellent, convenient location in a "bedroom community", the property is in close proximity to Ontario, Fontana, Rialto, Bloomington, Loma Linda, Redlands, San Bernardino, Grand Terrace, Riverside, Moreno Valley, a center serving these cities. Investors will find this complex of three 4-plex buildings are easy to rent, easy to manage, lower cost to maintain and higher return for investment. Three buildings, three seperate parcels. Stable, quality tenants profile. Good mix of the units and large sizes of each unit type, attractive for family renters. Water-saving desert garden with wrought iron fence and gates around the buildings, appealing and practical. Since the purchase over 40 years ago, these three buildings are finally ready to change hands. 100% OCCUPIED with durable lease terms.
The properties sold "as it is" in their current condition. Buyer and buyer's agent satisfy themselves for any and all things they want to know.
FULLY OCCUPIED! DO NOT DISTURB TENANTS! DO NOT TALK WITH THE TENANTS! TENANTS DO NOT KNOW THE INTENDED SALE TILL IT IS RIGHT TIME!
Rare investment opportunity. This deal will not last long!
Location
State CA
County San Bernardino
Area 273 - Colton
Rooms
Other Rooms Storage
Ensuite Laundry LaundryRoom
Interior
Laundry Location LaundryRoom
Heating WallFurnace
Cooling WallWindowUnits
Fireplaces Type Gas, LivingRoom
Fireplace Yes
Laundry LaundryRoom
Exterior
Garage Assigned, ControlledEntrance, Covered, Carport, Storage
Carport Spaces 12
Pool None
Community Features Curbs
Utilities Available SewerConnected
Parking Type Assigned, ControlledEntrance, Covered, Carport, Storage
Total Parking Spaces 15
Private Pool No
Building
Lot Description Item1115UnitsAcre
Story 1
Entry Level One
Water Public
Level or Stories One
Additional Building Storage
Others
Tax ID 0160234160000
Security Features CarbonMonoxideDetectors,FireDetectionSystem,SmokeDetectors
Energy Description 159.0
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing Cash
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML