Rudy Cantoran
KW The Lakes
(562) 317-6034
66 Total Sales
2 in Colton
$412K - $485K Price Range
580 W E St Colton, CA 92324
Colton Area
3
Beds
3
Baths
12,030
Sq Ft
0.52
Acre Lot
Highlights
- 0.52 Acre Lot
- Laundry Facilities
- Wall Furnace
- Community Pool
About This Home
As of June 2021580 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.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 22,500 Sq Ft Lot
- 1 Common Wall
- Density is 21-25 Units/Acre
Home Design
- 12,030 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 11 / 60
- Tax Tract Number 10700
- Assessor Parcel Number 0162031270000
Community Details
Recreation
- Community Pool
Building Details
- Rent Control
- 22 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $7,431
- Fuel Expense $4,122
- Gardener Expense $1,800
- Insurance Expense $5,600
- Maintenance Expense $14,104
- Other Expense $4,400
- Pest Control $829
- Pool Expense $4,268
- Professional Management Expense $18,873
- Trash Expense $5,447
- Water Sewer Expense $7,431
- New Taxes Expense $45,787
- Operating Expense $120,090
- Gross Income $282,078
- Net Operating Income $161,989
Additional Features
- 22 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 16, 2023
Sold by
Group Xiii Properties Lp
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,655,400
Outstanding Balance
$6,386,453
Interest Rate
6.32%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 7, 2020
Closed on
May 13, 2021
Sold by
Of Enterprises Lp
Bought by
Group Xiii Properties Lp
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$3,000,000
Sold Price
$3,190,000
Premium/Discount to List
$190,000
6.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,190,000
Interest Rate
3%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 22, 1995
Sold by
Roussos Harry T and Roussos Theodosios T
Bought by
O F Enterprises Lp
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Colton, CA
-
Rudy Cantoran
-
Curtis Hurst
Curtis Hurst
KELLER WILLIAMS VICTOR VALLEY
(442) 219-7503
54 Total Sales
1 in Colton
$430,000 Price
-
Steve Quintero
Steve Quintero
FIRST TEAM REAL ESTATE
(951) 783-3972
20 Total Sales
1 in Colton
$685,000 Price
-
Alejandro Martinez Cansino
Alejandro Martinez Cansino
Only 1 Realty Group North Dallas
(626) 889-6524
87 Total Sales
1 in Colton
$515,000 Price
-
ROBERT WATKINS
ROBERT WATKINS
RE/MAX TIME REALTY
(909) 406-2551
76 Total Sales
2 in Colton
$460K - $528K Price Range
-
Kathy Thomson
Kathy Thomson
Responds QuicklyeXp Realty of Southern California, Inc
(909) 787-1190
67 Total Sales
1 in Colton
$492,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Orange Coast Title Company | ||
| Group Xiii Properties Lp | $3,190,000 | Orange Coast Title | |
| O F Enterprises Lp | -- | Chicago Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $6,655,400 | ||
| Previous Owner | Group Xiii Properties Lp | $3,190,000 | |
| Previous Owner | 0F Enterprises Lp | $320,000 | |
| Previous Owner | O F Enterprises Lp | $320,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/07/2021 06/07/21 | Sold | $3,190,000 | -8.9% | $265 / Sq Ft |
| 12/11/2020 12/11/20 | Pending | -- | -- | -- |
| 10/30/2020 10/30/20 | Price Changed | $3,500,000 | +16.7% | $291 / Sq Ft |
| 10/23/2020 10/23/20 | For Sale | $3,000,000 | 0.0% | $249 / Sq Ft |
| 04/01/2020 04/01/20 | Pending | -- | -- | -- |
| 01/07/2020 01/07/20 | For Sale | $3,000,000 | -- | $249 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $42,940 | $3,522,018 | $496,837 | $3,025,181 |
| 2025 | $42,940 | $3,452,959 | $487,095 | $2,965,864 |
| 2024 | $40,955 | $3,385,254 | $477,544 | $2,907,710 |
| 2023 | $41,070 | $3,318,876 | $468,180 | $2,850,696 |
| 2022 | $40,485 | $3,253,800 | $459,000 | $2,794,800 |
| 2021 | $10,723 | $821,087 | $61,391 | $759,696 |
| 2020 | $10,770 | $812,668 | $60,762 | $751,906 |
| 2019 | $10,479 | $796,734 | $59,571 | $737,163 |
| 2018 | $10,311 | $781,112 | $58,403 | $722,709 |
| 2017 | $9,952 | $765,796 | $57,258 | $708,538 |
| 2016 | $10,201 | $750,780 | $56,135 | $694,645 |
| 2015 | $9,878 | $739,503 | $55,292 | $684,211 |
| 2014 | $9,537 | $725,017 | $54,209 | $670,808 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Chen
Seller's Agent in 2021
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
66 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV20004356
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.
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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