1317 N Pennsylvania Avenue, Colton, CA 92324

About this fourplex

We are pleased to exclusively present the opportunity to acquire 1317 Pennsylvania Avenue, a single-story fourplex multifamily investment property located in the city of Colton, California. The property sits on a 0.38-acre parcel and has an approximate building size of 4,000 square feet. The property is comprised of four spacious two-bedroom/two-bathroom floor plans. Each unit offers their own assigned carport parking, new HVAC unit, and a front patio. Selected units are renovated. The apartment features a new composition roof and an on-site laundry facility (owned). The apartments are individually metered for gas and electricity and have individual hot water heaters. The property is conveniently located near the intersection of Interstate 10 and 215 Freeway, providing commuters with easy access to cities in the Inland Empire. The property is surrounded by numerous elementary, middle, and high schools within the Colton Joint Unified School District in addition to the 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 a three-mile radius of multiple department stores and shopping centers including Target, Walmart, Sprouts Farmers Market, and Inland Center Mall. For outdoor recreational activities, residents enjoy golfing at Colton Golf Course and San Bernardino Public Golf Club, as well as hiking or biking at the Santa Ana River Trail, a popular trail that spans over fifty miles and connects three counties.

Listing description from the February 2024 sale, as reported to CRMLS.

Sale history

$940,000

Sold February 2024 · listed $974,000, orig. $1,050,000, on market October 2023 · MLS #CV23202142 · Source: CRMLS

Listing Agent: David Covarrubias · Listing Office: MARCUS & MILLICHAP · Contact: 626-319-2479 · Bought with: NICHOLE DIAZ · BARR REALTY

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