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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 & Fully OccupiedMinimal Management RequiredOn-Site & Street ParkingAdditional Income from LaundryADU Potential – Opportunity to add two ADUs (buyer to verify with the city)Low Operating ExpensesPrime 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 Type(s):
Residential Income
| Last Updated | 4/18/2025 | Year Built | 1940 |
|---|---|---|---|
| Community | Colton | County | San Bernardino |
Additional Details
| AREA | Colton |
|---|---|
| LOT | 0.39 acre(s) |
| LOT DESCRIPTION | 26-30 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
Location
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Listed with PAEZ REALTY COMPANY
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