$1,000,000
SOLD OCT 25, 2024

1337 Pennsylvania Ave Colton, CA 92324

8 Beds
8 Baths
4,107 Sq Ft
8,025 Sq Ft Lot

Recently Sold

$243 Per Sq Ft

2% Below List Price

93 Days on Market

Highlights

  • Laundry Room
  • Attached Carport
  • 1-Story Property

About This Home

As of October 2024

Discover a prime investment opportunity with this well-maintained four-unit property, perfect for family living. Located in Colton, close to shopping, dining, schools, and public transportation, each unit features 2 bedrooms, 2 bathrooms, and private outdoor spaces. The property includes shared laundry facilities and ample parking. With all units currently rented, it offers a steady income stream and significant potential for long-term appreciation. Don't miss this chance to secure a profitable investment in a thriving community.

Last Agent to Sell the Property

Carolyn Vazquez

Synergy Real Estate Brokerage Phone: 909-223-6904 License #01418260 Listed on: 06/07/2024

Last Buyer's Agent

Abel Dutra

DALE FREITAS REALTY License #02083058

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,797

Year Built

  • Built in 1964

Lot Details

  • 8,025 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 4,107 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • Attached Carport
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 7090
  • Assessor Parcel Number 0160234150000

Community Details

Building Details

  • 1 Separate Electric Meter
  • Fuel Expense $94
  • Insurance Expense $2,502
  • Trash Expense $1,620
  • Water Sewer Expense $2,881
  • Operating Expense $7,097
  • Gross Income $67,392
  • Net Operating Income $43,115

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,797

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Price Per Unit: 255000
  • Property Attached: No
  • Water Sewer Expenses: 2881.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0160234150000
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Ground
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 243.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Attached Carport

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1620.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8025.00
  • Lot Size Acres: 0.1842

Multi Family

  • Fuel Expense: 94.00
  • Gross Income: 67392.00
  • Gross Scheduled Income: 67392.00
  • Insurance Expense: 2502.00
  • Lot Size Area: 8025.0000 Square Feet
  • Net Operating Income: 43115.00
  • Number Of Separate Electric Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 24276.00
  • Rent Control: No
  • Total Expenses: 7097.00

Tax Info

  • Tax Census Tract: 66.03
  • Tax Lot: 4
  • Tax Tract Number: 7090

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2024
Closed on
Sep 12, 2024
Sold by
Paul Kelly Lefler Living Trust and Lefler Paul Kelly
Bought by
Alexandris Nikolaos and Hafezizadeh Sheena Lynn
Seller's Agent
Carolyn Vazquez
Synergy Real Estate
Buyer's Agent
Abel Dutra
DALE FREITAS REALTY
List Price
$1,020,000
Sold Price
$1,000,000
Premium/Discount to List
-$20,000
-1.96%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.45%
Original Mortgage
$700,000
Outstanding Balance
$693,136
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$220,819

Purchase Details

Closed on
Jun 20, 2018
Sold by
Lefler Paul Kelly and Lefler Marla C
Bought by
Lefler Paul Kelly and Lefler Marla C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2014
Sold by
Waters Dora P
Bought by
The Paul Kelly Lefler Living Trust

Purchase Details

Closed on
Aug 26, 2014
Sold by
Waters Dora P
Bought by
Waters Dora P and The E David G & Dora P Waters

Purchase Details

Closed on
May 10, 2011
Sold by
Waters E David G and Waters Dora P
Bought by
Waters E David G and Waters Dora P

Purchase Details

Closed on
Apr 5, 2011
Sold by
Kinslow Pennsylvania Management
Bought by
Waters E David G

Purchase Details

Closed on
Mar 10, 2003
Sold by
Waters E David G and Waters Dora P
Bought by
Waters E David G and Waters Dora P
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,000,000 Fidelity National Title
Interfamily Deed Transfer -- Provident Title Company
Grant Deed -- First American Title Company
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- Chicago Title Inland Empire
Interfamily Deed Transfer -- Chicago Title Inland Empire
Grant Deed -- Accommodation
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Previous Owner $476,000 New Conventional
Previous Owner $324,000 Amount Keyed Is An Aggregate Amount
Previous Owner $295,000 Commercial
Previous Owner $180,000 Stand Alone First
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Rent $2,100 0.0% --
10/25/2024 10/25/24 Sold $1,000,000 0.0% $243 / Sq Ft
09/08/2024 09/08/24 Pending -- -- --
09/05/2024 09/05/24 Off Market $1,000,000 -- --
08/10/2024 08/10/24 For Sale $1,020,000 +2.0% $248 / Sq Ft
08/05/2024 08/05/24 Off Market $1,000,000 -- --
06/07/2024 06/07/24 For Sale $1,020,000 -- $248 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,797 $1,000,000 $250,000 $750,000
2024 $6,797 $556,149 $133,144 $423,005
2023 $6,816 $545,244 $130,533 $414,711
2022 $6,720 $534,553 $127,974 $406,579
2021 $6,857 $524,072 $125,465 $398,607
2020 $6,887 $518,699 $124,179 $394,520
2019 $6,701 $508,528 $121,744 $386,784
2018 $6,593 $498,557 $119,357 $379,200
2017 $6,364 $488,782 $117,017 $371,765
2016 $6,523 $479,198 $114,723 $364,475
2015 $6,317 $472,000 $113,000 $359,000
2014 $1,154 $82,055 $8,809 $73,246
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24115873

California Regional Multiple Listing Service (CRMLS)

APN: 0160-234-15