1245 N Mount Vernon Avenue, Colton, CA 92324

$1,950,000

bedrooms

bathrooms

square feet

4,763

Acreage

0.39

Open Houses

year built

1940

Full Baths

Half Baths

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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 Occupied Minimal Management Required On-Site & Street Parking Additional Income from Laundry ADU Potential – Opportunity to add two ADUs (buyer to verify with the city) Low Operating Expenses Prime 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.

Location
Subdivision	-
County	San Bernardino
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: CV25085084

Listing agent: William Melton #01342816

Listing broker: Paez Realty Company (909) 476-3552

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Last update: Friday, April 18 2025 at 9:21 p.m. EDT

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