1165 W Olive Street, Colton, California 92324, Colton, - bed, bath
ACTIVE$1,390,000
1165 W Olive Street, Colton, California 92324
3Beds
3Baths
1,408Sqft
143,748Lot
Year Built
1964
Close
-
List price
$1.39M
Original List price
$2.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV23025060
Home ConditionFair
Features
Good View: City Lights, Mountain(s), Neighborhood, Valley
ViewCity Lights,Mountain(s),Neighborhood,Valley
About this home
ATTENTION ATTENTION INVESTORS OR RANCH LOVERS !!!... TAKE ADVANTAGE OF THE NEW PRICE, ONLY $1,400,000......INCLUDES 3.3 ACRES OF LAND AND A 3 BEDROOM 2 BATH HOME. PLUS A BARN AND A MOBILE HOME USE AS AN OFFICE...CAN'T FIND ANYTHING SIMILAR IN THE INLAND EMPIRE. CHECK AROUND THAN CALL ME.... EXCELLENT OPPORTUNITY TO BUILD UP TO 18 HOMES....OR CHURCH, ADULT-DAY CARE, MIXED LAND, MANY POSSIBILITIES.. DON'T MISS THIS EXCELLENT OPPORTUNITY* .YOU CAN BRING HERE AN ADULT DAY CARE. NURSERY, SCHOOL, CHURCH, ETC. FOR MORE INFORMATION CHECK WITH THE CITY OF COLTON. POTENTIAL BUYERS AND AGENTS MUST DO THEIR OWN DD. CURRENTLY HUGE PRICE REDUCTION !! DON'T MISS THIS OPPORTUNITY!!
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (109 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 3 | 2 | 75% |
| Square foot | 1,408 | 1,335 | 53% |
| Lot Size | 143,748 | 7,400 | 98% |
| Price | $1.39M | $510K | 98% |
| Price per square foot | $987 | $361 | 98% |
| Built year | 1964 | 9895990 | 43% |
| HOA | |||
| Days on market | 995 | 147 | 99% |
Condition Rating
Fair
The property was built in 1964. The kitchen and bathrooms appear outdated. The interior shows its age, but seems maintained. The property requires minor updates or repairs.
Pros & Cons
Pros
Large Lot Size: The property boasts a substantial 3.3-acre lot, offering ample space for various development opportunities or ranch-style living.
Development Potential: The listing suggests the possibility of building up to 18 homes, a church, or an adult day care, indicating significant development potential subject to city approval.
Price Reduction: The listing highlights a 'huge price reduction,' potentially making it an attractive investment opportunity.
Additional Structures: Includes a barn and a mobile home (used as an office), providing additional utility and potential income streams.
Versatile Usage: Suitable for investors, ranch lovers, or those seeking to establish facilities like adult day care, nurseries, schools, or churches (subject to city approval).
Cons
Property Condition: The description lacks details about the condition of the existing structures, potentially requiring significant renovations or repairs.
Zoning and Approvals: Development potential is contingent on city approvals, requiring thorough due diligence to confirm feasibility.
Limited Information: The listing lacks detailed information about the existing home's features and recent upgrades, making it difficult to assess its current value.