1428 Bordwell Boulevard, Colton, CA 92324

$1,100,000
Sold Price
$1,100,000
List Price
$1,200,000
Closing Date
Aug 24, 2022
MLS#
PW22159196
Status
SOLD
Type
Multifamily

Property Description

Welcome to this absolutely stunning income producing property for sale in the quiet and rural town of Colton, CA where you are collecting a total of $7,375/month!! Property shows great pride of ownership as the entire exterior has been fully updated. You can own this 5-unit property with the potential for a 6th unit. This building comes with 6 electrical meters and 6 gas meters and with approved plans for a 6th unit. This cash cow consists of four 2 bed 1 bath units and one 3-bed 1 bath unit. You have the potential for major upside while collecting very healthy rents. Located in a very desirable location, within walking distance to shopping centers, restaurants, and much more. Colton, referred to as the hub of the Inland Empire, is located in a suburb 60 mins from Los Angeles, Palm Springs, and Big Bear. Strategically located next to the I-10 and the I-215 freeways connecting destinations in every direction. Adjacent is the California University of Science and Medicine (CUSM) with Loma Linda University Medical Center and Kaiser Permanente less than six miles away. This will not last!

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Courtesy of Keller Williams Pacific Estate, Andrew Munoz. Selling Office: RITA SHAW BROKER & ASSOCIATES.