Description
We are pleased to present 560 N 2nd Street, a low-maintenance Colton quadruplex offering investors stable income and a strong foothold in the heart of the Inland Empire. This well-located asset delivers four 1-bedroom/1-bathroom residences built in 1956, totaling ±2,400 rentable square feet on a ±8,400 square-foot lot, with units averaging ±600 square feet. Mid-century construction meets practical, tenant-ready interiors, each unit featuring a fully equipped kitchen with stove, built-in cabinetry, wood-look vinyl flooring throughout, ceiling fans, and wall air conditioning and heating. Washer and dryer hook-ups give residents the in-unit laundry convenience renters look for, while security screen doors add peace of mind. Private outdoor space sets this property apart from typical multifamily, with front porches, grassy front yards, and fenced-in grassy back yards framed by neat, lush mature landscaping. A private garage with a dedicated parking space and ample street parking complete the offering. A uniform mix of four 1-bedroom/1-bathroom units simplifies management, leasing, and underwriting. Tenants pay electricity and gas, limiting the owner's exposure to variable utility costs, while the landlord covers water, sewer, and trash. Mature landscaping and grassy yards keep the operating profile low-maintenance and budget-friendly. Colton is a central hub of the Inland Empire, offering residents an established, affordable community with direct access to the 10 and 215 Freeways and the 210 Freeway nearby. The location puts tenants close to major employment centers, including Arrowhead Regional Medical Center, Loma Linda University Medical Center, and the region's expansive logistics and rail corridor, all of which support steady rental demand. Residents also benefit from nearby higher education at California State University, San Bernardino, and from the Colton Joint Unified School District. Located approximately 55 miles east of Downtown Los Angeles, the property gives renters access to the broader Southern California job market at a fraction of coastal housing costs. Whether you are a first-time investor seeking an attainable entry point or a seasoned investor looking for a stable, low-maintenance asset with a 4.62% current cap rate and minimal capital expenditure requirements, 560 N 2nd Street offers an exceptional foothold in the thriving Inland Empire submarket.
Details
| MLS # | CV26221828 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 13 |
| Listing Provided By | CB RICHARD ELLIS | Eric Chen |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,400 |
| Garage | 4 |
| Story(s) | 1 |
| Units | 4 |
| Acreage | 0.19 |
| Property View | Yes |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Two To Five Units Acre |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | Colton |
| Zip Code | 92324 |
| Area | 273 Colton |
| Listing VS Median (in 92324) | |
Price: $775,000 low | high Med: $460,000 sqft: 2,400 low | high Med: 1,248 $ / sqft: $323 low | high Med: $369 On site: 13 low | high Med: 54 | |
Market Activity 92324
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Colton |
| Zip Code | 92324 |
| Area | 273 Colton |
| Listing VS Median (in 92324) | |
Price: $775,000 low | high Med: $460,000 sqft: 2,400 low | high Med: 1,248 $ / sqft: $323 low | high Med: $369 On site: 13 low | high Med: 54 | |
 | $775,000560 N 2nd StreetColton, CA 92324 |