Colton, CA 92324 1245 N Mount Vernon Avenue
$1,950,000
14 more
Presented By: William Melton with PAEZ REALTY COMPANY;
Beds • 6
Baths • 11
SQFT • 4,763
Year Built • 1940
Home Details
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.
Presented By: William Melton with PAEZ REALTY COMPANY;
Interior Features for 1245 N Mount Vernon Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 1245 N Mount Vernon Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityColton
Community FeaturesBiking, Sidewalks
CountySan Bernardino
DirectionsRight off of N Mount Vernon Avenue, Cross Street is Olive Street
Electric Expense3175.0
Electric On Property Y/NNo
Entry LocationMt Vernon Ave
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income168772.0
HOANo
Home Warranty Y/NNo
Insurance Expense4505.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet16988.4
Lot Size UnitsAcres
MLS Area273 - Colton
MobileHomeRemainsYNNo
Net Operating Income111250.0
New ConstructionNo
Number Of Units Total11
Operating Expense57522.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot19
Trash Expense4965.0
Water Sewer Expense5300.0
Waterfront Y/NNo
Year Built1940
Year Built SourcePublicRecords
Exterior for 1245 N Mount Vernon Avenue
Building Area Total4763.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwentySixToThirtyUnitsAcre
Lot Size Acres0.39
Lot Size Area0.39
Lot Size SourcePublicRecords
Number of Buildings3
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters11
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,950,000
MLS#CV25085084
List Date
04/17/2025
Property Type
Multi-Family
Phone
(562) 537-4182
