659 S 7th Street Active Save Request In-Person Tour Request Virtual Tour
Colton,CA 92324
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Duet
Listing Status Active
Purchase Type For Sale
Square Footage 1,444 sqft
Price per Sqft $398
MLS Listing ID CROC25158157
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1925
Lot Size 6,664 Sqft
Property Sub-Type Duet
Source Datashare California Regional
Property Description
Excellent investment opportunity in the city of Colton. This legal two-unit property features two separate 2 bedroom, 1 bathroom units, each with its own gas, water, and electric meter. Live in one unit and rent out the other, or rent out both for steady cash flow. One unit is currently leased to a long-time tenant at $1,850 per month, and the second unit is rented at $700 per month. The property generates a gross scheduled income of $25,500 per year, with low annual operating expenses of just $4,200. Net operating income is approximately $21,300 annually. Both homes have new roofs, and while the interiors could use some cosmetic upgrades and general TLC, the property offers strong value-add potential. Situated on a 6,664 square foot lot, the property includes driveway parking and a storage shed. No rent control. Eligible for FHA, Conventional, and VA financing. Do not disturb occupants. Drive by only. Ideal for investors or owner-occupants looking for a multi-unit property with income, equity potential, and long-term upside.
Location
State CA
County San Bernardino
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Pool None
View City Lights,Other
Private Pool false
Building
Lot Description Corner Lot,Street Light(s)
Story 1
Water Public
Schools
School District Colton Joint Unified