580 W E ST Colton, CA 92324 pending
UPDATED:  
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pending
3500000
/mo

3Beds

3Baths

12030SqFt

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Key Details

Property Type: Multi-Family

Listing Status: Pending

Purchase Type: For Sale

Square Footage: 12,030 sqft

Price per Sqft: $290

Lot Size: 0.516 Acres

Year Built: 1963

MLS Listing ID: CV20004356

Bedrooms: 3

Total Units: 22

HOA Y/N: No

Property Description

580 West E Street is located in a mature, highly desirable, low-traffic neighborhood of Colton. It is a short drive from a variety of shopping venues, restaurants, and medical facilities near historic Colton. The property is centrally located within Colton and offers easy access to the I-10 freeway. Its location offers convenient access to the neighboring cities of Ontario, Rancho Cucamonga, San Bernardino, Redlands and Riverside. Orange County, Los Angeles County, mountain ski resorts and beach cities are all within a 1-hour drive. 580 West E Street is a rare, 2-story, 22-unit property. Built in 1963, the property is situated on a single parcel with a total of ±22,500 square feet of land, with a total building size of ±12,030 square feet. It features an excellent unit mix of studio, one-bed/one-bathroom and two-bedroom/ one-bathroom units averaging 547 square feet. There is significant rental upside to be captured by raising rents to market levels, and additional upside is available through interior and exterior renovations. This property features spacious units arranged in a courtyard layout around the central swimming pool. 580 West E Street is a prime Colton income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.

Location

State: CA

County: San Bernardino

Area: 273 - Colton

Interior

Laundry: Common Area

Heating: Wall Furnace

Cooling: Wall/Window Unit(s)

Exterior

Pool: Community

Community Features: Curbs,Sidewalks

Building

Lot Description: 21-25 Units/Acre

Sewer: Public Sewer

Water: Public

Level or Stories: Two

New Construction: No

Others

Senior Community: No

Special Sale: Standard

Unit 1

Baths: 1

Furnished: Unfurnished

Unit 2

Beds: 1

Baths: 1

Furnished: Unfurnished

Unit 3

Beds: 2

Baths: 1

Furnished: Unfurnished

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Listing provided by  CB RICHARD ELLIS

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    Windy Ruffini Focus Realty
    Windy Ruffini

    Broker License ID: 01526913

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