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.

Features
: Wall Furnace
: Other, City Lights
0
: See Remarks
: Corner Lot, Street Light(s)
Address Map
CA
San Bernardino
Colton
92324
659 S 7th Street
0
E0° 0' 0''
N0° 0' 0''
Cross: Maple
MLS Addon
Real Broker
Andrew Poland Villagomez
andrew@andrewvillagomez.com
: One Story
CR368690601
CR372431215
CR50265
: Public

Residential For Sale

659 S 7th Street, Colton, California 92324

4 Bedrooms
2 Bathrooms
1,444 Sqft
$575,000
Listing ID #CROC25158157
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : CROC25158157
Price : $575,000
Bedrooms : 4
Bathrooms : 2
Square Footage : 1,444 Sqft
Year Built : 1925
Lot Area : 6,664 Sqft
Bathrooms Total : 2
Status : Active
Property SubType : Duet
Agent info
Michael Roberts
Contact Agent