
Colton, California 92324
This Multi-Unit Income Property represents a High-Potential Investment Opportunity, listed at a List Price of $695,000—positioned well below the $701,624 Fair Market Value by 0.94%. This valuation gap offers $6,624 in Instant Equity. Featuring a Condition Rating of 3, the property includes a Brand New Roof and generates a robust $6,400 monthly rental income. With its versatile three-unit configuration and ample parking, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through immediate, stable cash flow.
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 | $270 | - |
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 |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The main residence features a modern renovation with a brand new roof and an updated kitchen including white shaker cabinets, stone countertops, and stainless steel appliances. While the structure dates to 1921, the primary unit is in move-in condition. Secondary units appear more dated with wall-mounted AC units and older cabinetry, but the property is well-maintained and fully functional as a high-income rental.
The property generates a robust monthly rental income of $6,400, providing an excellent gross rent multiplier and immediate cash flow for investors.
With three distinct living spaces including a main house and two secondary units, the property offers exceptional flexibility for rental strategies or house-hacking.
The lot features an extra-large carport, an extended driveway, and alley access, providing ample parking for multiple tenants which is a significant asset for multi-unit sites.
Originally built in 1921, the property may require ongoing maintenance or capital improvements to aging systems and infrastructure typical of century-old homes.
Being fully tenant-occupied may present challenges for immediate owner-occupancy or major renovations, requiring careful coordination and due diligence regarding existing leases.
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 | 2.5 |
| Square foot | 2,594 | 1,544.5 |
| Lot Size | 7,500 | 7,090 |
| Price | $695.0K | $527.3K |
| Price per sq ft | $268 | $378 |
| Built year | 1921 | 1988 |
| HOA | $0 | $179 |
| Days on market | 12 | 57 |
Jul 10, 2026
$695,000
Initial Listing