659 S 7th Street
Colton, CA, 92324
$575,000
MLS: OC26037327
Beds
4
Baths
2
Sq Ft
1,444
Lot
0.15 ac
Year Built
1925
MLS #
OC26037327
Days on Market
37
Listed
Feb 19, 2026
Description
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.
Location
Colton, San Bernardino County, CA 92324
Open on Google Maps ↗Listed by: Andrew Poland Villagomez · Real Broker
Payment estimate
$4,294
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $57,500 · Loan: $517,500
- Principal & Interest
- $3,180
- Property tax (1.25%)
- $599
- Homeowners insurance
- $300
- Mortgage insurance
- $216
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Colton home with as little as 3.5% down using an FHA loan — roughly $20,125 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Colton, CA 92324 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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