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$1,445,000
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Property Description
Amazing Investment Opportunity on this Beautiful Garden Style Apartment Complex. It has a large Courtyard and sits on an extra large corner lot, Five Buildings total. One 2 story and Four single story apartment buildings. These units have great curb appeal with well maintained landscaping. All units have a one car garage. Most units have been updated fully with electrical, freshly painted and remodeled with new tile, laminated & wood floors. Remodeled kitchen & baths as well. Nine Units Total! Each one bedroom one bath unit is an extra large unit with approx 665 SF. Extra income with owned Laundry facilities on site. Total rental income: $8275/mo. (All Below Market Value at this time) Proforma Income $12,600/mo. Lots of parking. ADDITIONAL LOT INCLUDED IN SALE, located at 461 N. 9th St/APN #0162101070000. Extra lot holds 3600 sq ft with 4 garages & storage room(960 sq. ft.). 11 garages total. Potential for the 2 extra garages to produce income. New rental development across the Street. Great desirable Rental Area! Safe neighborhood with the Police Station 1 block away. Also, one block from up-and-coming downtown renovations and Fleming Park. These units remain FULLY OCCUPIED!
Full Property Details
Full Property Details for 481 N 9th St
General
- Sold For: $1,445,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: TR24092028
- Added to Site: 210 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 11
- Parking Features: Garage (Single Door), Guest, Public, Uncovered
- Parking: Garage (Single Door), Guest, Public, Uncovered
Location
- Area: 273 - Colton
- County: San Bernardino
- Development Name: 273 - Colton
- Driving Directions: North on 9th St. from 10 frwy. Corner of 9th and F Street.
Utilities
- Sewer: Public Sewer
- # Water Meters: 1
- # Gas Meters: 9
- # Electric Meters: 9
Structural Information
- Entry Location: 1
- Stories/Levels: One,Two
- Stories Description: One, Two
- Square Feet: 6,932
- Year Built: 1939
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 8
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 9
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.3444
- Lot Size Source: Assessor
- Lot Description: Rectangular Lot
Financial Considerations
- Price Per Sq. Ft.: $208.45
- Price Per Unit: 165432
Listed and Sold by Coldwell Banker Top Team, Robin Marquez
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Schools
Schools serving 481 N 9th St
School District:Colton Joint Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
444 E Olive St, Colton, CA 92324 | K-6 | 0.6 mi | |
670 W Laurel St, Colton, CA 92324 | 7-8 | 1 mi | |
777 W Valley Blvd, Colton, CA 92324 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 481 N 9th St
Date
Details
Price
Change
Source
7/15/2024
Sold
$1,445,000
-2.95%
MLS
5/13/2024
Listed
$1,488,888
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
481 N 9th Street, Colton, CA 92324 (MLS# TR24092028) is a Multi-Family property that was sold at $1,445,000 on July 15, 2024. Want to learn more about 481 N 9th Street? Do you have questions about finding other Multi-Family real estate for sale in Colton? You can browse all Colton real estate or contact a Coldwell Banker agent to request more information.