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Key Details
Sold Price $799,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC14099023
Sold Date 10/31/14
Construction Status Turnkey
HOA Y/N No
Year Built 1939
Tax Year 2013
Lot Size 0.427 Acres
Property Description
Two properties for the price of one!!! Amazing Investment Opportunity on this Beautiful Garden Style Apartment Complex. It has an large Court Yard and sits on an extra large corner lot, Five Buildings total. Four single story homes in the front with a 2 story apartment building in the back. These units have great curb appeal with well maintained landscaping. All units have a one car garage. Some units have been freshly painted and remodeled with new tile, laminated & wood floors, remodeled kitchen & baths as well. Nine Units Total! Each one bedroom unit is an extra large unit with approx 650 SF. Extra income with Laundry facilities on site. It's currently being serviced by an outside Co. Great investment with a Current Cap Rate of 8% and Potential Cap Rate 14.21%. Total rental income: $6785/mo. (All Below Market Value at this time) Proforma Income $11,160/mo. Lots of parking. Extra lot holds 3600 sq ft with 5 garages & storage units. 11 garages total. ADDITIONAL LOT INCLUDED IN SALE, located at 441 N. 9th St/APN #016210107. Total Sq Ft for both lots 6,932. Lot Sq Footage for both 18,600. New rental development across the Street.. Great desirable Rental Area! These units remain FULLY OCCUPIED!
Location
State CA
County San Bernardino
Area 273 - Colton
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Ceiling Fan(s), Ceramic Counters, Open Floorplan, Recessed Lighting, Tile Counters, Bedroom on Main Level, Walk-In Closet(s)
Laundry Location Common Area
Heating Central, Natural Gas
Flooring Carpet, Laminate, Tile, Wood
Fireplaces Type Living Room
Fireplace Yes
Appliance 6 Burner Stove, Dishwasher, Disposal, Gas Oven
Laundry Common Area
Exterior
Exterior Feature Awning(s), Lighting, Rain Gutters
Garage Attached Carport, Concrete, Covered, Carport, Direct Access, Door-Single, Garage, Oversized, Private, Garage Faces Rear, RV Potential, One Space, On Street, See Remarks
Garage Spaces 11.0
Carport Spaces 9
Garage Description 11.0
Fence Block, Chain Link
Pool None
Community Features Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Utilities Available Sewer Available
View Y/N Yes
View Courtyard
Accessibility Safe Emergency Egress from Home, Accessible Doors
Parking Type Attached Carport, Concrete, Covered, Carport, Direct Access, Door-Single, Garage, Oversized, Private, Garage Faces Rear, RV Potential, One Space, On Street, See Remarks
Total Parking Spaces 20
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story Two
Entry Level Two
Foundation Slab
Water Public
Level or Stories Two
Construction Status Turnkey
Others
Senior Community No
Tax ID 0162101060000
Security Features Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Contract
Listing Terms Cash, Cash to New Loan, Contract
Financing Conventional
Special Listing Condition Standard
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Bought with Jennifer Bosco • Keller Williams Realty - Studi
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