Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Duplex

Bedrooms

2

Building size

1,290 sqft

Lot size

6,180 sqft

Year built

1965

Stories

1

Garage spaces

0

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

1

MLS #

246828512

About this property

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.

Location

1286 Fairview Avenue

Colton, San Bernardino, CA, 92324