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848 W G ST Colton, CA 92324
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Key Details
Sold Price $2,085,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 7,847 sqft
Price per Sqft $265
MLS Listing ID CV22076012
Sold Date 06/08/22
HOA Y/N No
Year Built 1955
Lot Size 0.790 Acres
Acres 0.79
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 residents.
Location
State CA
County San Bernardino
Area 273 - Colton
Interior
Laundry None
Exterior
Garage Spaces 12.0
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description Lawn
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS Drive By Only Do not disturb tenants Please contact agent for offering memorandum
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Bought with MARCUS & MILLICHAP