Investment Opportunity: Trio of Fourplexes in Prime Colton Location: 3 Addresses!! 1327, 1337 & 1347 Pennsylvania Avenue - Also, being sold separately. Presenting an exceptional investment opportunity in Colton, California, this offering comprises three meticulously maintained fourplexes, each boasting its own Assessor Parcel Number (APN). With a total of 12 units, this portfolio presents an attractive prospect for investors seeking stable income and long-term growth potential. Prime Location: Situated in a sought-after area of Colton, these fourplexes enjoy proximity to schools, parks, shopping centers, and major transportation routes, providing residents with convenience and accessibility. Well-Maintained Units: All 12 units are in great condition, meticulously cared for by conscientious owners. Each unit offers comfortable living spaces, featuring modern amenities and tasteful finishes throughout. Residents appreciate the convenience of community laundry facilities and carport parking, enhancing their overall living experience. Individual APNs: With each building having its own Assessor Parcel Number, investors benefit from added flexibility and potential tax advantages. This arrangement allows for separate financing options and streamlined management processes. Income Potential: With a total of 12 units, this portfolio presents a lucrative income opportunity for savvy investors. The strong rental market in Colton ensures consistent demand, providing a stable revenue stream and favorable cash flow potential. Upside Potential: While already in excellent condition, these fourplexes offer potential for further value enhancement. With strategic upgrades or rent optimization strategies, investors can capitalize on additional rental income and increased property appreciation over time. Turnkey Investment: Whether you're a seasoned investor or exploring your first investment property, this portfolio of fourplexes offers a turnkey solution. With well-maintained units, desirable amenities, and a prime location, these properties are primed for immediate income generation and long-term success. Don't miss out on this rare opportunity to acquire a trio of fourplexes in Colton's thriving real estate market. Contact us today to schedule a viewing and take the next step towards building your investment portfolio.
Property Details
Property Features
Property Information:
Year Built: 1964
Stories: 1
Listing Office:
Office Name: Synergy Real Estate
Office Phone: (909) 223-6904
Listing Agent: Carolyn Vazquez
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Assigned
Lot Features
Lot Information:
Lot Size: 1.53 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Colton High School, Public District Grades 9-12
Colton Middle School, Public District Grades 7-8
Ulysses Grant Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: East of Rancho Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $2,999,000
Tax Information:
Annual Amount: $6,857
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Colton, CA.
This property is $2.5M more than the Median Sold Price in Colton, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PW24093518
Listing Office:
Office Name: Synergy Real Estate
Office Phone: (909) 223-6904
Listing Agent: Carolyn Vazquez
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/29/2024, 7:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$6,857
$524,072
2020
$6,700
$518,699
2019
$6,593
$508,528
2018
$6,364
$498,557
2017
$6,523
$488,782
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$15K
Per Month
Principal & Interest
$14.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,058
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Ulysses Grant Elementary School
550 W Olive St
Distance between this listing and this school0.34 miles
Public District Grades KG-6
Middle School
2
/10
Colton Middle School
670 W Laurel St
Distance between this listing and this school0.28 miles
Public District Grades 7-8
High School
4
/10
Colton High School
777 W Valley Blvd
Distance between this listing and this school0.89 miles
Public District Grades 9-12
Assigned Schools
5
/10
Ulysses Grant Elementary School
550 W Olive St
Distance between this listing and this school0.34 miles
Public District Grades KG-6
Nearby Schools
3
/10
Abraham Lincoln Elementary School
444 E Olive St
Distance between this listing and this school0.63 miles
Public District Grades KG-6
3
/10
Paul Rogers Elementary School
955 W Laurel St
Distance between this listing and this school0.64 miles
Public District Grades KG-6
Assigned Schools
2
/10
Colton Middle School
670 W Laurel St
Distance between this listing and this school0.28 miles
Public District Grades 7-8
Nearby Schools
6
/10
Lyle S. Briggs Fundamental
1050 E Olive St
Distance between this listing and this school0.97 miles
Public District Grades KG-8
9
/10
Richardson Preparatory High School
455 S K St
Distance between this listing and this school1.36 miles
Public Magnet Grades 6-8
Assigned Schools
4
/10
Colton High School
777 W Valley Blvd
Distance between this listing and this school0.89 miles
Public District Grades 9-12
Nearby Schools
10
/10
Middle College High School
1260 Esperanza St
Distance between this listing and this school1.04 miles
Public District Grades 9-12
2
/10
Washington High School
900 E C St
Distance between this listing and this school1.19 miles
The neighbors living near this home have an average income of $62,587. Typical income of Colton, CA residents is between $35k-100k annually. The most common type of family is married, with kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Interested in 1327 Pennsylvania Ave? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1327 Pennsylvania Ave in Colton, CA and zip code 92324. This home, which was built in 1964, sits on a 1.53 acre lot. It has been listed on Rocket Homes since May 10, 2024 and is currently priced at $2,999,000.
Colton, CA housing market in April 2024 saw over 14 listings sold above listed price, more than 10 sold at listed price and over 2 sold below. The number of listings in Colton, CA increased by 12.6% between March 2024 and April 2024. The median list price of listings available in April 2024 was $480,666, while the average time on the real estate market was 18 days.
From Rocket Homes Real Estate and based on county public records data.