1284 1286 Fairview Avenue, Colton, CA 92324

$595,000

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List Price
$595,000
Status
ACTIVE
MLS#
NP26195906
Year Built
1965
Lot Size
6,180
Acres
0.14
Lot Location
0-1 Unit/Acre
Days on Market
3
Property Type
Multifamily
Property Sub Type
Duplex

Property Description

A rare opportunity: a fully vacant duplex with plans already in place for two brand-new ADUs - offered on its own, with an identical neighboring parcel available separately. 1284-1286 Fairview Ave is a single-story duplex on its own legal parcel, delivered 100% vacant. Each of the two units offers a comfortable 1 bedroom, 1 bathroom layout with a full kitchen, inside laundry, a dedicated carport and private storage, and each is separately metered. With no tenants in place, the next owner can begin improvements immediately and establish market rents without waiting on a lease or a relocation. The groundwork for the expansion is already complete. Plans have been drawn and engineered for two brand-new detached accessory dwelling units on this parcel, each with two bedrooms, all-electric systems, fire sprinklers and solar. More than a year of city planning is behind them - approvals secured, addresses assigned, utility clearances issued, and the plans now in final building review. The buyer inherits the progress rather than starting from scratch. At completion, this parcel supports 4 total units (2) 1bd 1ba & (2) 2bd 1ba. The adjacent parcel, 1290-1292 Fairview, is an identical vacant duplex with its own set of ADU plans and is offered separately. Vacant income property with the planning work already done rarely comes to market! Buyer to verify all information, permits, fees and feasibility.

Additional Information

Pool Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
2
Gross Scheduled Income
$3,000
Operating Expense
500

Listing courtesy of Listing Agent: Gabriel Gonzales (gabe@laplacaproperties.com) from Listing Office: La Placa Properties.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.