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1057 N LA CADENA DR COLTON, CA 92324
- Townhouse or Condo / Resale (MLS)
Property Details for 1057 N LA CADENA DR, COLTON, CA 92324
Features
- Price/sqft: $219
- Lot Size: 0.2181 acres
- Total Units: 6
- Total Rooms: 10
- Stories: 200
- Construction Type: Wood
Facts
- Year Built: 01/01/1930
- Property ID: 888007311
- MLS Number: CV24108288
- Parcel Number: 0161-184-10-0000
- Property Type: Townhouse or Condo
- County: San Bernardino
Description
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
This listing is NOT a foreclosure. 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.
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