Colton, CA 92324,848 W G Street
Colton, CA 92324,848 W G Street
Colton, CA 92324,848 W G Street
Colton, CA 92324,848 W G Street
Colton, CA 92324,848 W G Street
Colton, CA 92324,848 W G Street
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$2,085,000

$2,325,000

10.3%
Est.Price: ?

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Est. payment /mo

5 Beds

4 Baths

0.79 Acres Lot


SOLD DATE : 06/08/2022

Key Details

Sold Price $2,085,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV22076012

Sold Date 06/08/22

Bedrooms 5

HOA Y/N No

Lot Size 0.790 Acres

Property Description

We 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
We 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.

Location

State CA

County San Bernardino

Area Riv Cty-Colton (92324)

Zoning Other

Building

Lot Description Sidewalks

Lot Size Range .5 to 1 AC

Others

Acceptable Financing Cash

Space Rent $850

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by DOUGLAS MCCAULEY • MARCUS & MILLICHAP
Bought with DOUGLAS MCCAULEY • MARCUS & MILLICHAP
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