$799,000
SOLD OCT 31, 2014

481 N 9th St Colton, CA 92324

9 Beds
9 Baths
6,932 Sq Ft
0.43 Acres

Recently Sold

$115 Per Sq Ft

110 Days on Market

Highlights

  • 0.43 Acre Lot
  • Wood Flooring
  • No HOA
  • Open Floorplan
  • Main Floor Bedroom
  • 3-minute walk to Fleming Park

About This Home

As of July 2024

Two properties for the price of one!!! Amazing Investment Opportunity on this Beautiful Garden Style Apartment Complex. It has an large Court Yard and sits on an extra large corner lot, Five Buildings total. Four single story homes in the front with a 2 story apartment building in the back. These units have great curb appeal with well maintained landscaping. All units have a one car garage. Some units have been freshly painted and remodeled with new tile, laminated & wood floors, remodeled kitchen & baths as well. Nine Units Total! Each one bedroom unit is an extra large unit with approx 650 SF. Extra income with Laundry facilities on site. It's currently being serviced by an outside Co. Great investment with a Current Cap Rate of 8% and Potential Cap Rate 14.21%. Total rental income: $6785/mo. (All Below Market Value at this time) Proforma Income $11,160/mo. Lots of parking. Extra lot holds 3600 sq ft with 5 garages & storage units. 11 garages total. ADDITIONAL LOT INCLUDED IN SALE, located at 441 N. 9th St/APN #016210107. Total Sq Ft for both lots 6,932. Lot Sq Footage for both 18,600. New rental development across the Street.. Great desirable Rental Area! These units remain FULLY OCCUPIED!

Last Agent to Sell the Property

Irene Olsen

Keller Williams Realty License #01938608 Listed on: 04/30/2014

Keller Williams Realty

Last Buyer's Agent

Jennifer Landon

Landon Realty Group License #01281552

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 100x150
  • No Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Density is 6-10 Units/Acre

Parking

  • 11 Car Direct Access Garage
  • 9 Attached Carport Spaces
  • Rear-Facing Garage
  • Single Garage Door
  • On-Street Parking
  • Parking Lot
  • RV Potential

Home Design

  • Turnkey
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 6,932 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Awning
  • Drapes & Rods
  • Wood Frame Window
  • Window Screens
  • Living Room with Fireplace
  • Courtyard Views

Kitchen

  • Gas Oven
  • Six Burner Stove
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Legal Lot and Block 27 / 78
  • Tax Tract Number 71
  • Assessor Parcel Number 0162101060000

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters
  • Electric Expense $72
  • Gardener Expense $2,400
  • Insurance Expense $1,500
  • Maintenance Expense $500
  • Pest Control $200
  • Trash Expense $1,329
  • Water Sewer Expense $1,620
  • New Taxes Expense $4,500
  • Gross Income $6,785
  • Net Operating Income $68,339

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

11

Listing Details

  • Other Phone Description: 714-717-0912
  • Other Phone Number: 949-861-8079
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Fire and Smoke Detection System, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1620.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 0162101060000
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceramic Counters, Ceiling Fan(s), Open Floorplan, Recessed Lighting, Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Tile, Wood
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 115.26
  • Room Type: Living Room, Main Floor Bedroom, Walk-In Closet
  • Window Features: Drapes, Screens, Wood Frames

Exterior Features

  • Foundation: Slab
  • Exterior Features: Awning(s), Lighting, Rain Gutters
  • View: Courtyard
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Carport Spaces: 9.00
  • Garage Spaces: 11.00
  • Parking Features: Covered, Carport, Attached Carport, Concrete, Direct Garage Access, Garage, Oversized, Parking Space, Private, Garage Faces Rear, RV Potential, Garage - Single Door, Street
  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Disposal, Gas Oven
  • Heating Type: Central, Natural Gas
  • Laundry Features: Common Area, Community
  • Pest Control Expense: 200.00
  • Trash Expense: 1329.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size: 100X150
  • Lot Size Sq Ft: 18600.00
  • Lot Size Acres: 0.4270

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Average1 Bed Area: 650
  • Electric Expense: 72.00
  • Gross Income: 6785.00
  • Gross Scheduled Income: 81420.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 18600.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 68339.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Number Wall A C: 9
  • Number With Dishwasher: 9
  • Number With Disposal: 9
  • Number With Range: 9
  • Number With Refrigerator: 9
  • Operating Expense: 13081.00
  • Other Expense Description: all Util
  • Rent Control: No
  • Total Actual Rent: 6185.00

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Block: 78
  • Tax Lot: 27
  • Tax Tract Number: 71
  • Tax Year: 2013

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robin Marquez

    Seller's Agent in 2024

    Robin Marquez

    Coldwell Banker Top Team

    (714) 267-0709

    1 in this area

    6 Total Sales

    Robin Marquez
    Section Image
  • Irene Olsen

    Seller's Agent in 2014

    Irene Olsen

    Keller Williams Realty

    (714) 717-0912

    7 Total Sales

    Irene Olsen
    Section Image
  • Jennifer Landon

    Buyer's Agent in 2014

    Jennifer Landon

    Landon Realty Group

    (310) 984-6577

    83 Total Sales

    Jennifer Landon
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14099023

California Regional Multiple Listing Service (CRMLS)

California San Bernardino County Colton 92324

481 N 9th St, Colton, CA

This home is located at 481 N 9th St, Colton, CA 92324 and is currently priced at $799,000, approximately $115 per square foot. This property was built in 1939. 481 N 9th St is a home located in San Bernardino County with nearby schools including Abraham Lincoln Elementary School, Colton Middle School, and Colton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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