Seller's Agent in 2022
Douglas McCauley
MARCUS & MILLICHAP
(909) 456-3493
2 in this area
43 Total Sales
848 W G St Colton, CA 92324
5
Beds
4
Baths
7,847
Sq Ft
0.79
Acres
About This Home
As of June 2022We are pleased to exclusively present the opportunity to acquire 848-888 West G Street, an 11-units multifamily investment property located in Colton, California. Built in 1955, the property sits on an oversized parcel of 0.79-acre (34,240 square feet) and has an approximate building size of 7,847 square feet. The property features five buildings and is comprised of one two-bedroom/two-bathroom home, four one-bedroom/one-bathroom, and six two-bedroom/one-bathroom units. The units feature enclosed backyards, eight single car garages and one two-car garage. The apartments are individually metered for gas and electricity and have individual hot water heaters.
The property is conveniently located with easy access to the Interstate 10 and 215 freeways, right across the street from Colton High School. The property is in close proximity to several higher education institutions including San Bernardino Valley College, Loma Linda University, and University of California Riverside, thus having the potential to attract long-term residents. The property is within walkable distance from bus stops, restaurants, and service stores on Valley Boulevard, one of the main arterials taking commuters east and west of the Inland Empire that has a traffic count of 18,323. For recreation, residents can enjoy the Colton Gold Course and hiking or biking the Santa Ana River Trail that is 2.2 miles away and spans over a hundred miles. Found in the Inland Empire region of San Bernardino, the small town of Colton has grown into a thriving transportation network with a focus on high-quality living for its residents.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 0.79 Acre Lot
- 1 Common Wall
- Lawn
Parking
- 12 Car Garage
Home Design
- 7,847 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 6601
- Assessor Parcel Number 0162271180000
Community Details
Overview
- 5 Buildings
- 11 Units
Building Details
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $5,040
- Insurance Expense $3,199
- Maintenance Expense $6,333
- Professional Management Expense $6,000
- Water Sewer Expense $6,812
- New Taxes Expense $28,750
- Operating Expense $56,460
- Gross Income $122,860
- Net Operating Income $66,400
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/08/2022 06/08/22 | Sold | $2,085,000 | -10.3% | $266 / Sq Ft |
| 04/20/2022 04/20/22 | Pending | -- | -- | -- |
| 04/14/2022 04/14/22 | For Sale | $2,325,000 | -- | $296 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Douglas McCauley
-
David Covarrubias
Seller Co-Listing Agent in 2022
David Covarrubias
MARCUS & MILLICHAP
(909) 456-3400
2 in this area
45 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV22076012
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