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659 S 7th Street, Colton, CA 92324

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For Sale

$575,000

4 beds • 2 baths • 1,444 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $398.20
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Great 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 solid 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 total 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. The units could benefit from some cosmetic upgrades and general TLC, offering value-add potential for the next owner. The property sits on a 6,664 square foot lot and includes driveway parking and a storage shed. No rent control. Financing options include FHA, Conventional, and VA. Do not disturb occupants. Drive by only. A great opportunity for investors or owner-occupants looking for income-producing property with upside.
MLS# OC25158157

Courtesy Of Smart Real Estate Solutions

(619) 248-6434

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Rooms
    Family Room, Kitchen, Living Room
  • View Type
    City

Map and Directions

Directions to 659 S 7th Street, Colton, CA 92324

Home seller CENTURY 21 Lois Lauer Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Lois Lauer Realty

(909) 748-7000
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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