1475 Holly Avenue, Colton, California 92324, Colton, 92324 - 6 bed, 5 bath

1475 Holly Avenue, Colton, California 92324 home-pic-0
ACTIVE$978,000
1475 Holly Avenue, Colton, California 92324
6Beds
5Baths
2,372Sqft
5,600Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Income Potential: This multi-dwelling property (triplex) offers significant income potential with a projected rent of $6,600 and an 8% cap rate, ideal for investors or multi-generational living. The ADU is already tenant-occupied, providing instant rental income.
Top Cons:
No Specific View: The property description explicitly states 'view: None,' indicating a lack of desirable scenic views that could otherwise enhance its market value and appeal.

Compared to the nearby listings

Price:$978.0K vs avg $739.0K (+$239,000)71%
Size:2,372 sqft vs avg 2,372 sqft50%
Price/sqft:$412 vs avg $31371%

More Insights

Built in 2025 (0 years old).
Condition: This property was built in 2025, making it brand new construction. The description highlights modern finishes, new clay tile roofs, and waterproof laminate flooring throughout. Images confirm contemporary kitchens with dark cabinetry, white quartz countertops, and stainless steel appliances, as well as modern bathrooms with updated vanities, fixtures, and lighting. All components appear new, meeting current quality standards with no signs of wear or deferred maintenance.
Year Built
2025
Close
-
List price
$978K
Original List price
$998K
Price/Sqft
$412
HOA
-
Days on market
-
Sold On
-
MLS number
IV25239199
Home ConditionExcellent
Features
View-

About this home

Spanish-Style Multi-Dwelling Property – Perfect for Investment or Multi-Generational Living. Potential rent $6,600 with a cap rate of 8% at current valuation. This beautifully designed Spanish-style property features three separate dwellings with timeless clay tile roofs, waterproof laminate flooring throughout, and modern finishes. With a versatile layout and strong income potential, it’s ideal for investors, multi-generational living, or owner-occupied with rental income. Main Home 1,294 sq. ft. of living space 3 bedrooms / 2.5 bathrooms (including a spacious master suite) Two-car garage (insulated & drywalled) Bright and open living areas with washer/dryer connections Junior ADU 500 sq. ft. living area 1 bedroom / 1 bathroom Private entrance and washer/dryer hookups ADU 578 sq. ft. living area 2 bedrooms / 1 bathroom Separate utilities, entrance, and alley parking access Washer/dryer hookups included Additional Highlights Driveway parking for three cars, plus dedicated parking for the Junior ADU Majority of furniture and appliances included – move-in ready Currently listed on Airbnb, with the ADU occupied by a reliable long-term tenant, offering instant rental income potential This unique property combines charm, functionality, and income opportunities all in one. Whether you’re seeking a family compound or a smart investment, this home checks every box.

Condition Rating
Excellent

This property was built in 2025, making it brand new construction. The description highlights modern finishes, new clay tile roofs, and waterproof laminate flooring throughout. Images confirm contemporary kitchens with dark cabinetry, white quartz countertops, and stainless steel appliances, as well as modern bathrooms with updated vanities, fixtures, and lighting. All components appear new, meeting current quality standards with no signs of wear or deferred maintenance.
Pros & Cons

Pros

Exceptional Income Potential: This multi-dwelling property (triplex) offers significant income potential with a projected rent of $6,600 and an 8% cap rate, ideal for investors or multi-generational living. The ADU is already tenant-occupied, providing instant rental income.
New Construction & Modern Finishes: Built in 2025, the property boasts brand new construction with timeless Spanish-style architecture, clay tile roofs, waterproof laminate flooring, and modern finishes throughout, ensuring low immediate maintenance and contemporary appeal.
Move-in Ready & Furnished: The majority of furniture and appliances are included, making the property move-in ready for an owner-occupant or immediately rentable for an investor, significantly reducing upfront costs and setup time.
Independent Units with Separate Amenities: Each of the three dwellings (Main Home, Junior ADU, ADU) features private entrances and washer/dryer hookups, with the ADU also having separate utilities and alley parking access, enhancing tenant privacy and ease of management.
Ample Parking: The property provides generous parking with a driveway for three cars, plus dedicated parking for the Junior ADU, addressing a common challenge in multi-unit properties and adding significant value.

Cons

No Specific View: The property description explicitly states 'view: None,' indicating a lack of desirable scenic views that could otherwise enhance its market value and appeal.
Recent Price Reduction: A recent price reduction from $998,000 to $978,000 could suggest initial overpricing or a slower-than-anticipated market response, potentially indicating a slight resistance at the higher price point.
Management Complexity: Managing three separate dwelling units, potentially with different rental agreements (e.g., Airbnb and long-term tenant), can be more complex and time-consuming for an owner compared to a single-family residence.

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