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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$575,000

Est. payment - /mo

4 Beds

2 Baths

1,444 SqFt

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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 $398

MLS Listing ID OC25158157

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1925

Lot Size 6,664 Sqft

Property Sub-Type Duplex

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

Area 273 - Colton

Rooms

Main Level Bedrooms 4

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry See Remarks

Exterior

Parking Features Driveway

Pool None

Community Features Street Lights, Sidewalks

View Y/N Yes

View City Lights, Neighborhood

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Corner Lot

Dwelling Type Duplex

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Colton Unified

Others

Senior Community No

Tax ID 0163172500000

Acceptable Financing Cash to New Loan, Conventional, FHA, VA Loan

Listing Terms Cash to New Loan, Conventional, FHA, VA Loan

Special Listing Condition Standard

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Listed by Andrew Poland Villagomez Real Broker 760-686-3725

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659 S 7th ST Colton, CA 92324