1057 N La Cadena Drive, Colton, California 92324
  • $950,000

Overview

Property ID: CV24108288
  • Apartment, Residential Income
  • Property Type
  • 4.0
  • Garages
  • 4327 Sqft
  • Area Size
  • 1930
  • Year Built

Description

1057 N. La Cadena is a unique multi-family investment property, situated on a desirable corner lot, boasting a total of six spacious units spread across two buildings. The property includes four oversized 1-bedroom/1-bath units and two additional 1-bedroom/1-bath units, offering a versatile and attractive living arrangement for tenants. The four oversized units have the potential to be utilized as two bedroom units given the additional square footage. Each unit is individually metered for gas and electricity, ensuring efficient and fair utility management. The property features ample onsite parking, including six open-space and four garage spaces, catering to the needs of all residents. The onsite garages may serve as an opportunity to convert to ADU(s) (buyer to verify with city.) The stunning Spanish-style architecture adds a unique charm, while the second-floor units benefit from private balconies, providing a personal outdoor space for relaxation. With a remarkable 60% upside in rental income, this property represents a true value-add opportunity for savvy investors looking to maximize their returns.

  • Address: 1057 N La Cadena Drive
  • State/county: CA
  • Zip/Postal Code: 92324
  • Country: US

Details

Updated on August 7, 2024 at 9:07 pm
  • Property ID CV24108288
  • Price $950,000
  • Property Size 4327 Sqft
  • Land Area 0.2181 Acres
  • Garages 4.0
  • Year Built 1930
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Cash to New Loan
  • Sewer Public Sewer
  • County San Bernardino
  • Property Type Residential Income
  • Pool None
  • Community Features Curbs, Gutter(s), Sidewalks

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