481 N 9th St Colton, CA 92324
Highlights
- 0.34 Acre Lot
- Park
- Guest Parking
- No HOA
- Laundry Room
- 3-minute walk to Fleming Park
About This Home
As of July 2024Amazing Investment Opportunity on this Beautiful Garden Style Apartment Complex. It has a large Courtyard and sits on an extra large corner lot, Five Buildings total. One 2 story and Four single story apartment buildings. These units have great curb appeal with well maintained landscaping. All units have a one car garage. Most units have been updated fully with electrical, freshly painted and remodeled with new tile, laminated & wood floors. Remodeled kitchen & baths as well. Nine Units Total! Each one bedroom one bath unit is an extra large unit with approx 665 SF. Extra income with owned Laundry facilities on site. Total rental income: $8275/mo. (All Below Market Value at this time) Proforma Income $12,600/mo. Lots of parking. ADDITIONAL LOT INCLUDED IN SALE, located at 461 N. 9th St/APN #0162101070000. Extra lot holds 3600 sq ft with 4 garages & storage room(960 sq. ft.). 11 garages total. Potential for the 2 extra garages to produce income. New rental development across the Street. Great desirable Rental Area! Safe neighborhood with the Police Station 1 block away. Also, one block from up-and-coming downtown renovations and Fleming Park. These units remain FULLY OCCUPIED!
Last Agent to Sell the Property
Coldwell Banker Top Team Brokerage Phone: 714-267-0709 License #01496720
Last Buyer's Agent
Coldwell Banker Top Team Brokerage Phone: 714-267-0709 License #01496720
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,465
Year Built
- Built in 1939
Lot Details
- 0.34 Acre Lot
- Two or More Common Walls
- Rectangular Lot
- 0162101070000
Parking
- 11 Car Garage
- Public Parking
- Parking Available
- Single Garage Door
- Guest Parking
- Uncovered Parking
Home Design
- Apartment
Interior Spaces
- 6,932 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Bathrooms
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 1 / 78
- Assessor Parcel Number 0162101060000
Community Details
Overview
- No Home Owners Association
- 6 Buildings
- 9 Units
Amenities
- Laundry Facilities
Recreation
- Park
Building Details
- 9 Leased Units
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $386
- Fuel Expense $440
- Gardener Expense $4,200
- Insurance Expense $4,600
- Maintenance Expense $6,800
- Other Expense $11,465
- Pest Control $130
- Trash Expense $5,140
- Water Sewer Expense $3,269
- Operating Expense $36,430
- Gross Income $1,900
- Net Operating Income $64,770
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2024 07/15/24 | Sold | $1,445,000 | -2.9% | $208 / Sq Ft |
| 05/13/2024 05/13/24 | For Sale | $1,488,888 | +86.3% | $215 / Sq Ft |
| 10/31/2014 10/31/14 | Sold | $799,000 | 0.0% | $115 / Sq Ft |
| 08/18/2014 08/18/14 | Pending | -- | -- | -- |
| 04/30/2014 04/30/14 | For Sale | $799,000 | -- | $115 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR24092028
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