1327 Pennsylvania Avenue Colton, CA $ 2,999,000
1327 Pennsylvania Avenue
$ 2,999,000
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1327 Pennsylvania Avenue

Colton, CA, 92324
$ 2,999,000
Bedrooms24 Baths20.0 Sq 12,600

Monthly Estimate*

$ 19,932

Listed by Synergy Real Estate
1327 Pennsylvania Avenue, Colton, CA 92324 - Image 1
1327 Pennsylvania Avenue, Colton, CA 92324 - Image 2
1327 Pennsylvania Avenue, Colton, CA 92324 - Image 3
1327 Pennsylvania Avenue, Colton, CA 92324 - Image 4
1327 Pennsylvania Avenue, Colton, CA 92324 - Image 5
1327 Pennsylvania Avenue, Colton, CA 92324 - Image 6
1327 Pennsylvania Avenue, Colton, CA 92324 - Image 7
1327 Pennsylvania Avenue, Colton, CA 92324 - Image 8

Multi-Family Home for sale in Colton, CA

for $2,999,000 with 24 bedrooms and 20 full baths. This 12,600 square foot home was built in 1964 on a lot size of 1.5257.

Investment Opportunity: Trio of Fourplexes in Prime Colton Location: 3 Addresses!! 1327, 1337 & 1347 Pennsylvania Avenue - Also, being sold separately. Presenting an exceptional investment opportunity in Colton, California, this offering comprises three meticulously maintained fourplexes, each boasting its own Assessor Parcel Number (APN). With a total of 12 units, this portfolio presents an attractive prospect for investors seeking stable income and long-term growth potential. Prime Location: Situated in a sought-after area of Colton, these fourplexes enjoy proximity to schools, parks, shopping centers, and major transportation routes, providing residents with convenience and accessibility. Well-Maintained Units: All 12 units are in great condition, meticulously cared for by conscientious owners. Each unit offers comfortable living spaces, featuring modern amenities and tasteful finishes throughout. Residents appreciate the convenience of community laundry facilities and carport parking, enhancing their overall living experience. Individual APNs: With each building having its own Assessor Parcel Number, investors benefit from added flexibility and potential tax advantages. This arrangement allows for separate financing options and streamlined management processes. Income Potential: With a total of 12 units, this portfolio presents a lucrative income opportunity for savvy investors. The strong rental market in Colton ensures consistent demand, providing a stable revenue stream and favorable cash flow potential. Upside Potential: While already in excellent condition, these fourplexes offer potential for further value enhancement. With strategic upgrades or rent optimization strategies, investors can capitalize on additional rental income and increased property appreciation over time. Turnkey Investment: Whether you're a seasoned investor or exploring your first investment property, this portfolio of fourplexes offers a turnkey solution. With well-maintained units, desirable amenities, and a prime location, these properties are primed for immediate income generation and long-term success. Don't miss out on this rare opportunity to acquire a trio of fourplexes in Colton's thriving real estate market. Contact us today to schedule a viewing and take the next step towards building your investment portfolio.

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Multi-Family Active

Price

$ 2,999,000

Bedrooms

24

Full Bath

20

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

1.5257

Year Built

1964

Town/City

Colton

County/Region

San Bernardino

MLS | Web ID

PW24093518

Days on Market

29

Features
General
Sewer PublicSewer
Heating WallFurnace
Cooling WallWindowUnits
Garage Spaces 0.0
Pool Features None
Year Built 1964
Stories 1
Levels One
Property SubType Quadruplex
Gross Income 19190.0
Community Features Curbs
Additional Parcels Description 0160234150000 0160234140000
County San Bernardino
Net Operating Income 107502.0
Operating Expense 77580.0
Insurance Expense 7500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions East of Rancho Avenue
City Colton
Entry Location ground
View Y/N N
Senior Community Y/N N
Open Parking Spaces 3.0
NumberOfUnitsTotal 12
MLS Area 273 - Colton
Lot Size Units SquareFeet
Lot Size Square Feet 66460.0
Private Pool N
Waterfront Y/N N
Carport Spaces 12.0
Carport Y/N Y
Street Name Pennsylvania
Listing Terms Cash Conventional Item1031Exchange OwnerMayCarry PrivateFinancingAvailable
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Property Condition UpdatedRemodeled
Trash Expense 19447.0
Water Sewer Expense 30708.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 16
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 5
Property Sub Type Additional Quadruplex
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Exterior
Parking Features Assigned
Lot Features LotOver40000Sqft
Water Source Public
Total Parking 15.0
Lot Size Area 66460.0
Number of Buildings 3
Spa N
Building Area Total 12600.0
Lot Size Acres 1.5257
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 12
Number of Separate Electric Meters 12
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 0
Electric On Property Y/N N
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Internal Only
Street Number 1 1327
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* Excluded Features
List By
Synergy Real Estate

Broker

(562) 696-6515

Phone

Affordability Calculator

$19,932
Per Month
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0%
0%
Monthly Principal & Interest
$19,932
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/9/2024$2,994,000 Listed Price

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1327 Pennsylvania Avenue, Colton, CA, 92324 is a Multi-Family Home for sale at $2,999,000 with 12,600 sqft and a lot size of 1.5257. 1327 Pennsylvania Avenue has 24 bedrooms, 20.0 baths, and was built in 1964. The property's zip code is 92324 which is in Colton, CA