409 W L, Colton, California 92324, Colton, 92324 - 2 bed, 1 bath
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409 W L
Colton, California 92324
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
652Sq Ft
7,500Lot Size
Property Price
LIST PRICE$315,000
EST. MARKET VALUE
$330,797
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $315,000—positioned well below the $330,056 Fair Market Value by 4%. This valuation gap offers $15,056 in Instant Equity for buyers. With a Condition Rating of 4, the home requires significant renovation, yet the 7,500 sq. ft. lot provides ample space for expansion or an ADU. Ideally located near the 10 Freeway, this is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Estimated Market Value
$330,797+$15,797 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Colton.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 409 W L Subject 2 bd · 1 ba · 652 sqft · $507 | $315,000* List Price | 2 | 1 | 652 | $507 | - |
A 219 Maple Sold 2 bd · 1 ba · 760 sqft · $441 · 0.4 mi | $335,000 | 2 | 1 | 760 | $441 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1918, the home shows a mix of conditions. The bathroom has undergone a recent renovation (<10 years) with modern subway tile, and the main living areas feature updated ceramic tile flooring. However, the property retains dated systems like a wall furnace, shows wear on original doors and ceilings, and the listing description specifically targets investors for a 'vision' project, indicating it needs more than just cosmetic touch-ups.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 652.
- Expansive Lot Size
The generous 7,500 sq. ft. lot provides significant outdoor space and ample room for potential expansion, an ADU, or creative landscaping projects.
- Investment Potential
Priced competitively at $315,000, this property serves as an accessible entry point for first-time buyers or investors looking to add value through renovation.
CONSRISKS & DEFICIENCIES
- Limited Living Area
With only 652 sq. ft. of living space, the interior layout is exceptionally compact for a two-bedroom residence, which may not suit all modern lifestyle needs.
- Significant Age
Built in 1918, the property likely requires substantial updates to its core systems and finishes to meet contemporary building standards and efficiency.
About 409 W L
This Two bedroom, one bath home sits on a spacious 7,500 sq. ft. lot in Colton. With plenty of potential, this property is a fantastic opportunity for an investor, first-time home buyer, or anyone looking to create their own home. Bring your vision and make this property your own! The generous lot offers plenty of possibilities, while the convenient location near the 10 Freeway makes commuting and accessing nearby shopping, dining, and amenities easy.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1918
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.5 |
| Baths | 1.0 | 2.2 |
| Square foot | 652 | 1,413.593 |
| Lot Size | 7,500 | 7,725 |
| Price | $315.0K | $549.4K |
| Price per sq ft | $483 | $362 |
| Built year | 1918 | 1978 |
| HOA | $0 | $125 |
| Days on market | 43 | 61 |
Pricing History
Listed for Sale
Sep 11, 2026
$315,000
Initial Listing