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Listed by Andrew Poland Villagomez • Real Broker
$ 549,988
Est. payment /mo
Price Dropped by $25K
659 S 7th ST Colton, CA 92324
4 Beds
2 Baths
1,444 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,444 sqft
Price per Sqft $380
MLS Listing ID CROC25158157
Bedrooms 4
Full Baths 2
Year Built 1925
Lot Size 6,664 Sqft
Property Sub-Type Duplex
Source California Regional MLS
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 will be delivered vacant, projected rent is $1,850 per month, and the second unit is rented at $855 per month. The property generates a gross scheduled income of $32,400 per year, with low annual operating expenses of just $4,200. Net operating income is approximately $28,200 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
Area 273 - Colton
Rooms
Family Room Other
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Exterior
Parking Features Other
Pool None
View Local/Neighborhood, City Lights
Building
Story One Story
Water District - Public
Others
Tax ID 0163172500000
Special Listing Condition Not Applicable
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