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481 N 9Th St, Colton, CA 92324
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481 N 9Th St Colton, CA 92324

$1,488,888
  • 9 Beds
  • 8.75 Baths
  • 6,932 Sq.Ft.
For Sale
$1,488,888 Get Pre-Qualified
Map preview of 481 N 9Th St, Colton, CA 92324

Property Overview: 481 N 9Th St Colton, CA has 9 bedrooms, 8.75 bathrooms, 6,932 living square feet and 15,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Amazing Investment Opportunity on this Beautiful Garden Style Apartment Complex. It has a large Courtyard and sits on an extra large corner lot, Five Buildings total. One 2 story and Four single story apartment buildings. These units have great curb appeal with well maintained landscaping. All units have a one car garage. Most units have been updated fully with electrical, freshly painted and remodeled with new tile, laminated & wood floors. Remodeled kitchen & baths as well. Nine Units Total! Each one bedroom one bath unit is an extra large unit with approx 665 SF. Extra income with owned Laundry facilities on site. Total rental income: $8275/mo. (All Below Market Value at this time) Proforma Income $12,600/mo. Lots of parking. ADDITIONAL LOT INCLUDED IN SALE, located at 461 N. 9th St/APN #0162101070000. Extra lot holds 3600 sq ft with 4 garages & storage room(960 sq. ft.). 11 garages total. Potential for the 2 extra garages to produce income. New rental development across the Street. Great desirable Rental Area! Safe neighborhood with the Police Station 1 block away. Also, one block from up-and-coming downtown renovations and Fleming Park. These units remain FULLY OCCUPIED!

Listed by Robin Marquez | BRE #01496720 | Coldwell Banker Top Team
Last checked: 13 minutes ago | Last updated: May 18th, 2024 | Source CRMLS | DOM: 6
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Home details

Lot Sq. Ft
15,000
HOA Dues
$0/mo
Year built
1939
Garage
11 Car
Property Type:
Apartment
Status
Active
MLS#
TR24092028
City
Colton
County
San Bernardino
Time on Site
6 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 6
  • # of Leased Units: 9
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $925
  • Total Rent: $925
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $925
  • Total Rent: $925
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $825
  • Total Rent: $825
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $925
  • Total Rent: $925
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $925
  • Total Rent: $925
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $101,200
  • Net Operating Income: $64,770
  • Gross Operating Income: $99,176
  • Vacancy Allowance: $2,024
  • # of Rented Garages: 1
  • Garage Rental Rate: $50
  • Garage Rental Income: $600
  • Laundry Income: $1,300
  • Laundry Own/Lease: Own
  • Other Income Description: YEARLY
Annual Expense Breakdown
  • Total Operating Expense: $36,430
  • Electric: $386
  • Gas/Fuel: $440
  • Trash: $5,140
  • Gardener: $4,200
  • Insurance: $4,600
  • Maintenance: $6,800
  • Professional Management: $0
  • Water/Sewer: $3,269
  • Other Expenses: $11,465
  • Other Expense Description: TAXES

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Property Details for 481 N 9Th St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 11
  • # of Parking Spaces: 20
  • Has Parking
  • Parking Features: Garage - Single Door, Guest, Public, Uncovered
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 0162101060000
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Mutual Water Companies
Location / Neighborhood
Location Information
  • Directions: North on 9th St. from 10 frwy. Corner of 9th and F Street.
Neighborhood Information
  • Community Features: Park
View more facts & features

Local Colton Agent

Sale History for 481 N 9Th St

Last sold for $825,000 on May 17th, 2017

  • May, 2024

  • May 13, 2024

    Date

    Active

    CRMLS: TR24092028

    $1,488,888

    Price

  • May, 2017

  • May 17, 2017

    Date

    Sold (Public Records)

    Public Records

    $825,000

    Price

  • October, 2014

  • Oct 31, 2014

    Date

    Sold (Public Records)

    Public Records

    $799,000

    Price

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Tax History for 481 N 9Th St

Assessed Value (2020): $764,070
Year Land Value Improved Value Assessed Value
2020 $95,509 $668,561 $764,070

Home Value Compared to the Market

This property vs the competition

481 N 9Th St is listed 203.92% higher than the median list price for the city of Colton which has a median list price of $489,900. The median price per/sqft for Colton is $363 and this home is listed at $214.78 per/sqft which puts the price per square foot 40.83% lower than the median price per square foot for the city of Colton.

About 481 N 9Th St

Detailed summary of property

481 N 9Th St is a apartment located in Colton, CA 92324 and is currently for sale. This apartment offers 9 bedrooms, 8.75 bathrooms, roughly 6,932 living square feet, and sits on an approximately 15,000 square foot lot. 481 N 9Th St was first listed on ArdentRealEstateGroup.com on May 13, 2024. The homeowner is currently asking $1,488,888. The median priced home in Colton is $489,900 with a median price per square foot of $363. Based on Ardent Real Estate Group's Colton Market Data, this home is listed 203.92% higher than the median priced home. Local competing homes currently for sale include 896 N Cota St, 884 N Cota St and 820 E Richland St. While the average home in Colton, CA is selling in 53 days, 481 N 9Th St has a days on market of 6 days. There are currently 77 homes for sale in the Colton real estate market and 58 of them are single family homes while 14 of them are condos and 5 are townhomes. For more information on this home for sale at 481 N 9Th St Colton, CA 92324 contact Ardent Real Estate Group and we will put you in touch with one of our Colton agents.

Public Facts for 481 N 9Th St

Public county record property details
Beds
--
Baths
--
Year built
1939
Sq. Ft.
5,972
Lot Size
15,000
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
San Bernardino
Lot#
--
APN
0162-101-06-0000

The source for these homes facts are from public records.

92324 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$489,900
Median List Price/Sq.Ft.
$363
Median Sold Price
$440,000
Median Sold Price/Sq.Ft.
$375
Total Inventory
74
Median Sale to List Price %
100%
Avg Days on Market
19
Loan Type
Conventional (48%), FHA (24%), VA (0%), Cash (16%), Other (8%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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