659 S 7th Street, Colton, California 92324, Colton, 92324 - 4 bed, 2 bath
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Colton, California 92324
This Legal Two-Unit Duplex represents a High-Potential Investment Opportunity, listed at $569,988—positioned well below the $717,842 Fair Market Value by 20%. This valuation gap offers $147,854 in Instant Equity. Featuring a Condition Rating of 3, the property includes one fully renovated unit and separate utility meters, ensuring operational efficiency. With a gross scheduled income of $33,000, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through strategic house-hacking in a growing market.
Legal duplex in Colton with $147k instant equity. One turnkey unit, one income-producing. Perfect house-hack for investors or owner-occupants. FHA/VA eligible.
Property is move-in ready.
While originally built in 1925, one unit has undergone a complete high-end renovation (<1 year) featuring a modern kitchen with quartz countertops, new cabinetry, and updated flooring. The second unit is functional but needs minor cosmetic TLC, and the inclusion of newer roofs and separate utility meters makes the overall property well-maintained and move-in ready.
The property is eligible for FHA, VA, and Conventional financing with one unit delivered vacant and fully remodeled, allowing an owner-occupant to live in one unit while offsetting the mortgage with rental income.
Both units feature individual meters for gas, water, and electricity, which significantly reduces owner operating expenses and simplifies utility management for investors.
The vacant unit has been completely reimagined with quartz countertops, new flooring, and updated cabinetry, providing immediate high-end rental appeal or a move-in ready residence without additional capital expenditure.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1444, other record living area = 684. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The second unit is currently occupied at $900 per month, which is substantially below the projected market rate of $1,850, limiting immediate cash flow and requiring a long-term strategy to realize full income potential.
Built in 1925, the tenant-occupied unit is noted to need cosmetic upgrades and TLC, indicating potential for hidden maintenance costs typical of century-old structures.
Excellent investment and house-hack opportunity in the growing city of Colton. This legal two-unit property features two separate 2-bedroom, 1-bath homes, each with its own gas, water, and electric meters, offering flexibility for investors or owner-occupants seeking rental income and long-term upside. 201 W Maple will be delivered vacant and completely reimagined, showcasing new flooring, baseboards, updated kitchen cabinetry, quartz countertops, a beautifully tiled bathroom, and new lighting throughout. This beautifully upgraded unit is ready for immediate occupancy or rental, with a projected market rent of $1,850 per month. Perfect for a primary buyer to move in and offset their mortgage by collecting rent from the second home. The second unit at 659 7th St is currently tenant-occupied at $900 per month, creating immediate cash flow from day one. Combined, the property offers a gross scheduled income of approximately $33,000 per year, with low operating expenses and strong long-term upside. Both homes feature newer roofs, and while the occupied unit offers room for light cosmetic upgrades and TLC, the property presents outstanding value-add potential. Situated on a 6,664 sq ft lot, the property includes driveway parking and a storage shed. No rent control. Eligible for FHA, Conventional, and VA financing. Ideal for investors or owner-occupants looking for a versatile multi-unit property with immediate income, equity potential, and future appreciation. Please do not disturb the tenants at 659 7th St. Drive-by only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,444 | - |
| Lot Size | 6,664 | - |
| Price | $550.0K | $628.0K |
| Price per sq ft | $381 | $289 |
| Built year | 1925 | 0 |
| HOA | $0 | $0 |
| Days on market | 48 | 79 |
Jul 17, 2026
$549,988
$569,988
-4% Price Drop
Initial Listing
Jun 4, 2026
$569,988
Initial Listing
Oct 24, 2024
$499,000
Public Record
Apr 14, 2016
$165,000
Public Record