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
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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, 12:20:38 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.
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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. The most common annual income of people living in Colton, CA is between $35k-100k. Residents typically live in married, with kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
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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. In April 2024 median list price was $480,666 and the average listing age was 18 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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