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For Sale

659 S 7th Street

659 S 7th Street, Colton, CA 92324

$549,988

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.

4
beds

2
baths

1,444 Sq.Ft. LIVING AREA

6,664 Sq.Ft. lot

Andrew Villagomez

title REALTOR®
PHONE (760) 686-3725
EMAIL [email protected]
DRE # 02185251

Features & Amenities

Interior

total bedrooms4
Total bathrooms2
full bathrooms2
Laundry room See Remarks
Fireplace None

Area & Lot

Status For Sale
Living Area1,444 Sq.Ft.
Lot Area6,664 Sq.Ft.
MLS® IDOC25158157
TypeMulti-Family
YEAR BUILT1925
View DescriptionCity Lights, Neighborhood
School DistrictColton Unified

Exterior

STORIES1
water SourcePublic
PoolNone
lot features0-1 Unit/Acre, Corner Lot
parkingDriveway
HEAT TYPEWall Furnace
AIR CONDITIONINGNone
sewerPublic Sewer

Financial

Sales Price$549,988

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Contact Details

The Villagomez Group

Phone

(760) 686-3725

[email protected]

Address

303 3rd St Ste 200 Huntington Beach CA 92648 Andrew Villagomez | CA DRE# 02185251

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