659 S 7th Street
Colton, CA 92324
1444 sqft | 4 beds | 2 baths | 0.15 acres | #OC25158157
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.
Property Details
- Lot DescriptionZeroToOneUnitAcre, CornerLot
- ViewCityLights, Neighborhood
- School DistrictColton Unified
- CountySan Bernardino
- Sewer InformationPublicSewer
- MLS #OC25158157
- MLS #OC25158157
- Property TypePurchase
- Original List Price$575,000
- Utility SourcePublic
- Cost575000
- Property SubtypeDuplex
- Structure TypeDuplex
- Acres0.153
- Square Feet1444
- Year Built1925
- Bedrooms4
- Bathrooms2
- Full Baths2
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Andrew Poland Villagomez (#OCPOLAAND)
Listing Office: Real Broker (#H07357)
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