Price Reduced Listing
Description
*MASSIVE PRICE REDUCTION!* Excellent investment and house-hack opportunity in the growing city of Colton. This legal two-unit property features two separate 2-bedroom, 1-bath homes, each with its own gas, water, and electric meters, offering flexibility for investors or owner-occupants seeking rental income and long-term upside. 201 W Maple will be delivered vacant and completely reimagined, showcasing new flooring, baseboards, updated kitchen cabinetry, quartz countertops, a beautifully tiled bathroom, and new lighting throughout. This beautifully upgraded unit is ready for immediate occupancy or rental, with a projected market rent of $1,850 per month. Perfect for a primary buyer to move in and offset their mortgage by collecting rent from the second home. The second unit at 659 7th St is currently tenant-occupied at $900 per month, creating immediate cash flow from day one. Combined, the property offers a gross scheduled income of approximately $33,000 per year, with low operating expenses and strong long-term upside. Both homes feature newer roofs, and while the occupied unit offers room for light cosmetic upgrades and TLC, the property presents outstanding value-add potential. Situated on a 6,664 sq ft lot, the property includes driveway parking and a storage shed. No rent control. Eligible for FHA, Conventional, and VA financing. Ideal for investors or owner-occupants looking for a versatile multi-unit property with immediate income, equity potential, and future appreciation. Please do not disturb the tenants at 659 7th St. Drive-by only.
Details
| MLS # | OC26120368 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 89 |
| Listing Provided By | Real Broker | Andrew Poland Villagomez |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,444 |
| Story(s) | 1 |
| Units | 2 |
| Acreage | 0.15 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Zero To One Unit Acre, Corner Lot |
|---|
Parking
| Parking Features | Driveway |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | Colton |
| Zip Code | 92324 |
| Area | 273 Colton |
| Listing VS Median (in 92324) | |
Price: $525,000 low | high Med: $515,990 sqft: 1,444 low | high Med: 1,815 $ / sqft: $364 low | high Med: $284 On site: 89 low | high Med: 63 | |
Market Activity 92324
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Colton |
| Zip Code | 92324 |
| Area | 273 Colton |
| Listing VS Median (in 92324) | |
Price: $525,000 low | high Med: $515,990 sqft: 1,444 low | high Med: 1,815 $ / sqft: $364 low | high Med: $284 On site: 89 low | high Med: 63 | |
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