1245 N Mount Vernon Avenue
Colton, CA, 92324
$1,950,000
Beds
0 Baths
SqFt
0.39 Acres
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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 &#38' Fully Occupied

Minimal Management Required
On-Site &#38' 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 Details

Price:
$1,950,000
MLS #:
CV25085084
Status:
Active
Baths:
0
Address:
1245 N Mount Vernon Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
273colton
City:
Colton
Listed Date:
Mar 1, 2025
State:
CA
ZIP:
92324
Lot Size:
16,988 sqft / 0.39 acres (approx)
Year Built:
1940
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Biking, Sidewalks
Garage Spaces
0.00
Lot Features
26-30 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1

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1245 N Mount Vernon Avenue
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