
COMPASS - DAVEY Properties Group
682 S Coast Hwy 101, Encinitas CA 92024
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7604195581580 W E STColton, CA 92324PendingSave
3BD
3BA
12030SqFt
UPDATED
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 12,030 sqft
Price per Sqft $290
Lot Size 0.516 Acres
Year Built 1963
MLS Listing ID CV20004356
Bedrooms 3
Total Units 22
HOA Y/N No
Property Description
580 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.
Location
State CA
County San Bernardino
Area 273 - Colton
Interior
Laundry Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Exterior
Pool Community
Community Features Curbs,Sidewalks
Building
Lot Description 21-25 Units/Acre
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Special Sale Standard
Lease Land No
Unit 1
Baths 1
Furnished Unfurnished
Unit 2
Beds 1
Baths 1
Furnished Unfurnished
Unit 3
Beds 2
Baths 1
Furnished Unfurnished
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Listing provided by CB RICHARD ELLIS
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