See all 19 photos
19 photos
Additional details
Listed by William Melton • PAEZ REALTY COMPANY
$1,950,000
Est. payment /mo
4,763 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,763 sqft
Price per Sqft $409
MLS Listing ID CRCV25085084
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1940
Lot Size 0.390 Acres
Property Sub-Type Other
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
Interior
Fireplace No
Laundry No Hookups
Read Less Info
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
GET MORE INFORMATION
Vicky Van Brocklin
Broker | License ID: 01512910
Quick Search
- Homes For Sale in Oakland, CA
- Homes For Sale in Walnut Creek, CA
- Homes For Sale in Concord, CA
- Homes For Sale in Livermore, CA
- Homes For Sale in Pleasanton, CA
- Homes For Sale in Berkeley, CA
- Homes For Sale in San Ramon, CA
- Homes For Sale in Dublin, CA
- Homes For Sale in Martinez, CA
- Homes For Sale in Danville, CA
- Homes For Sale in Pleasant Hill, CA
- Homes For Sale in Alamo, CA