13 hours on Rocket
$10,000 Closing Credit¹
#425036555, Neal A Ward, Peter J Rodway, Listing Office: Compass
#CV25085084·
Listing office: PAEZ REALTY COMPANY·
Listing agent: William Melton·
Listing office phone: 909-476-3552
$1,950,000 List price
1245 N Mount Vernon Ave Colton, CA 92324
$10,000
Closing credit¹
0.4 acres
Condo
Property details
About 1245 N Mount Vernon Ave
Pleased to present 1245 N Mount Vernon Avenue, an 11-unit multifamily property in Colton, CA. The property offers strong cash flow, with an actual cap rate of 5.71% and a proforma cap rate of 6.41%. The owner covers water, sewer, and trash, while tenants pay for gas and electricity. Extensive interior and exterior renovations have been completed, ensuring a seamless transition for the next owner. Well-Maintained & Fully Occupied Minimal Management Required On-Site & Street Parking Additional Income from Laundry ADU Potential – Opportunity to add two ADUs (buyer to verify with the city) Low Operating Expenses Prime Location – Ideally situated right off the 10 Freeway, with a quiet residential neighborhood on one side and major shopping centers on the other. Close to San Bernardino Valley College, Costco, Walmart, and Arrowhead Regional Medical Center, ensuring strong rental demand.
Highlights
Home typeCondominium
StatusActive
Lot size0.39 Acres
Year built1940
MLS #CV25085084
Summary
- Private Pool: No
- List Price: $1,950,000
- Annual Tax Amount: $3,410
- Tax Year: 2024
- Directions: Right off of N Mount Vernon Avenue, Cross Street is Olive Street
- Year Built: 1940
- Stories: 1
- Lot Size: 0.39 Acres
- MLS Number: CV25085084
- MLS Name: CRMLS
- Office Name: PAEZ REALTY COMPANY
- Office Phone: (909) 476-3552
- Office Email: Robert@PaezRealty.com
- Listing Agent: William Melton
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: 5/3/2025, 8:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,950,000
1245 N Mount Vernon Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 18, 1995 | Home Sold | $90,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $274,462 | $3,410 |
| 2023 | $269,080 | $3,410 |
| 2022 | $263,804 | $3,363 |
| 2021 | $258,631 | $3,430 |
| 2020 | $255,979 | $3,353 |
| 2019 | $250,960 | $3,300 |
| 2018 | $246,039 | $3,187 |
| 2017 | $241,215 | $3,266 |
History based on county public records data.
Nearby schools
3
Abraham Lincoln Elementary School
Public District KG-6
0.2 mi
•444 E Olive St
3
Alice Birney Elementary School
Public District KG-6
0.2 mi
•1050 E Olive St
2
Urbita Elementary School
Public District KG-6
0.7 mi
•771 S J St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,740. Typical income of Colton, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
40%
<35k
57%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
34%
Single, No Kids
24%
Single, with Kids
17%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
10%
12-17 yrs old
28%
18-34 yrs old
31%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
Burlington
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
White Castle
What do the neighbors drive?
Dodge
Nissan
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1245 N Mount Vernon Ave
The listing price of 1245 N Mount Vernon Ave property is $1,950,000.
The property 1245 N Mount Vernon Ave is a condo located in Colton, California, 92324.
Active Listing: 1245 N Mount Vernon Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1245 N Mount Vernon Ave are: Abraham Lincoln Elementary School (GreatSchools Rating 3/10), Alice Birney Elementary School (GreatSchools Rating 3/10), Urbita Elementary School (GreatSchools Rating 2/10), Colton Middle School (GreatSchools Rating 2/10), Richardson Preparatory Hi Middle School (GreatSchools Rating 9/10), Soar Charter Academy (GreatSchools Rating 5/10), Washington High School (GreatSchools Rating 2/10), Middle College High School (GreatSchools Rating 10/10), Options for Youth-San Bernardino (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $3,410 (source: MLS/based on county public records data).
The last sale was on October 18, 1995 for $90,000 (source: MLS/tax record).
The property at 1245 N Mount Vernon Ave has 0 bathroom.
The year of construction for 1245 N Mount Vernon Ave is 1940.
This home is located at 1245 N Mount Vernon Ave in Colton, CA and zip code 92324. Features: 0 bathroom. It has been listed on Rocket Homes since April 18, 2025 and is currently priced at $1,950,000.
In April 2025 more than 11 listings in Colton, CA were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 12 were sold below. In April 2025 in Colton, CA there were 12.4% more homes for sale than in March. The median list price of listings available in April 2025 was $519,059, while the average time on the real estate market was 56 days.
From Rocket Homes Real Estate and based on county public records data.