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.
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.
Property Details
Price:
$549,988
MLS #:
OC25158157
Status:
Active
Beds:
4
Baths:
2
Address:
659 S 7th Street
Type:
Single Family
Subtype:
Duplex
Neighborhood:
273colton
City:
Colton
Listed Date:
Jul 15, 2025
State:
CA
Finished Sq Ft:
1,444
ZIP:
92324
Lot Size:
6,664 sqft / 0.15 acres (approx)
Year Built:
1925
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Schools
School District:
Colton Unified
Interior
Bathrooms
2 Full Bathrooms
Cooling
None
Heating
Wall Furnace
Laundry Features
See Remarks
Exterior
Community Features
Sidewalks, Street Lights
Parking Features
Driveway
Parking Spots
0.00
Financial
Map
Community
- Address659 S 7th Street Colton CA
- Area273 – Colton
- CityColton
- CountySan Bernardino
- Zip Code92324
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659 S 7th Street
Colton, CA
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