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919 Iowa Avenue

Colton, CA 92324
  • $530,000
  • STATUS: Pending
  • ON SITE: 37 Days
  • ID#: IV22150392
Pending
UPDATED: 60 min ago
$530,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1943
County:
Area:

School Ratings & Info

Listing Agent(s): Philip Chang of Dynasty Real Estate (909-605-2500)


Description

PRICE JUST REDUCED! Great Investment Property! You can either rent out both the main house AND the back studio unit OR live in the main house and get income by rent out the back unit! The main house is about 1,300 sf including 4 bedrooms and 2 baths. The back unit is a 300 sf studio with its own bath. Washer/dryer hookups are in the back of the studio separated and shared by all. Both the main house and back unit have been rentals for years and tenants have been notified of the sale and are cooperative in moving out on time. The large backyard provides enough space and shade for all family gatherings. Living space square footage includes 2 additional bedrooms without permit; the back unit is a detached garage converted to a studio with its own bathroom without permit. Current market rental rate for the 4-bedroom main house is around $2,500 while the back unit at $800. Close to schools, shopping center & grocery store. Easy access to freeways. A rare investment opportunity and it won't last! This is an "AS IS sale and square footage not taped so Buyer to verify and satisfy themselves.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-16T21:26:35.62. 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 deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/130731473
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919 Iowa Avenue Colton, CA 92324

  • Price: $530,000
  • Status: Pending
  • On Site: 37 Days
  • Updated: 60 min ago
  • ID#: IV22150392
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1943
Built
Neighborhood:
273 - Colton
County:
San Bernardino
Area:
273 - Colton
Property Description
PRICE JUST REDUCED! Great Investment Property! You can either rent out both the main house AND the back studio unit OR live in the main house and get income by rent out the back unit! The main house is about 1,300 sf including 4 bedrooms and 2 baths. The back unit is a 300 sf studio with its own bath. Washer/dryer hookups are in the back of the studio separated and shared by all. Both the main house and back unit have been rentals for years and tenants have been notified of the sale and are cooperative in moving out on time. The large backyard provides enough space and shade for all family gatherings. Living space square footage includes 2 additional bedrooms without permit; the back unit is a detached garage converted to a studio with its own bathroom without permit. Current market rental rate for the 4-bedroom main house is around $2,500 while the back unit at $800. Close to schools, shopping center & grocery store. Easy access to freeways. A rare investment opportunity and it won't last! This is an "AS IS sale and square footage not taped so Buyer to verify and satisfy themselves.
Exterior Features

Architectural Style Patio Home Fencing Block Lot Features 0-1 Unit/AcreFront YardYard Number Of Separate Electric Meters 1 Parking Features ConcreteDrivewayOff Street Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Roof Shingle

Interior Features

Appliances Gas CooktopDisposalGas OvenGas RangeWater Heater Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateTile Heating Central Heating YN Yes Interior Features All Bedrooms DownBedroom On Main LevelMain Level Master

Property Features

Additional Parcels YN No Common Interest None Community Features Curbs Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 28560 Gross Scheduled Income 28560 Insurance Expense 549 Land Lease YN No Laundry Features Common AreaWasher HookupGas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Net Operating Income 27360 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 1200 Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasSewerTrash CollectionWater Total Actual Rent 28560 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-16T21:26:35.62. 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 deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Philip Chang of Dynasty Real Estate (909-605-2500)