
Colton, California 92324
This High-Potential Investment Opportunity is a Multi-Unit Residential Asset listed at $695,000, positioned slightly above the $670,001 Fair Market Value. Despite the premium, the property generates a robust $6,400 monthly income across three units, offering immediate cash flow. Featuring a brand-new roof and a Condition Rating of 3, the property provides stability for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs. With an extended driveway, extra-tall carport, and alley access, this income-producing property is a rare, functional find in Colton.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 243 W C Street Subject | $695,000* List Price | 0 | 0 | 2,594 | $258 | - |
A 1150 N 2nd Sold | $562,750 | 3 | 2 | 1,637 | $344 | 0.5 mi |
B 610 W Olive Sold | $575,000 | 3 | 2 | 1,744 | $330 | 0.4 mi |
C 1161 N La Cadena Active | $739,000 List Price | 6 | 4 | 2,364 | $313 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1921 build date, the property is well-maintained with a brand new roof on the main house and recent interior updates including modern laminate flooring and fresh paint. While the bathroom tile and wall-heating units are dated, the property is fully functional, move-in ready, and currently generating high rental income.
The property generates a robust $6,400 in monthly gross income across three units, offering an exceptional investment return and a strong Gross Rent Multiplier for the Colton market.
Equipped with an extended driveway, an extra-tall carport for oversized vehicles, and rear alley access, this property solves the common multi-unit challenge of tenant parking.
The main residence features a brand-new roof, providing immediate peace of mind and reducing near-term deferred maintenance costs for the largest building on the lot.
Built in 1921, the property may require significant ongoing maintenance or modernization of aging infrastructure, such as plumbing and electrical systems, typical of homes this age.
The lower rear unit is only 428 square feet, which may limit the tenant pool and potentially lead to higher turnover rates compared to larger, more traditional apartment sizes.
3 Units! Exceptional Multi-Unit Investment Opportunity! Don't miss this rare opportunity to own a versatile income-producing property in the heart of Colton! Situated on a 7,500 sq. ft. lot with convenient alley access, this unique property features three separate living spaces, making it ideal for investors or owner-occupants looking to offset their mortgage with rental income. The main residence offers 2 bedrooms, 1 bathroom, a dedicated office, laundry room and approximately 1,424 sq. ft. of comfortable living space and a BRAND NEW ROOF! Tucked behind the main home is a two-story secondary structure featuring two additional units. The upstairs unit offers 1 bedroom, 1 bathroom, in-unit laundry, and approximately 742 sq. ft. The lower unit features 1 bedroom, 1 bathroom, and approximately 428 sq. ft. A separate storage area provides added convenience for tenants. The property also boasts an extended driveway with parking for multiple vehicles, an extra-large, extra-tall carport ideal for oversized vehicles or additional covered parking, and alley access that enhances functionality and accessibility. Whether you're looking to expand your investment portfolio or live in the front home while generating rental income from the rear units, this property offers outstanding flexibility and value. The property is currently tenant occupied, generating approximately $6,400 per month in rental income, with the main home renting for $2,800/month, the upstairs unit for $2,000/month, and the lower unit for $1,600/month. Buyers are advised to verify all rental information and lease terms during their due diligence. This is a rare opportunity to own a property with multiple income streams, abundant parking, and exceptional potential—all in one package!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.5 |
| Baths | 0.0 | 2.3 |
| Square foot | 2,594 | 1,390.308 |
| Lot Size | 7,500 | 7,463.462 |
| Price | $695.0K | $529.5K |
| Price per sq ft | $268 | $371 |
| Built year | 1921 | 1977 |
| HOA | $0 | $141 |
| Days on market | 61 | 62 |
Jul 10, 2026
$695,000
Initial Listing