Triplex with Separate Living
For Sale
$695,000
243 W C St, Colton, CA 92324
Three occupied units offer varied layouts, dedicated parking, and a separate storage area.
Property Size2,594 SF
Days on Market49
Property Features for 243 W C St
General Information
Standard status
Active
Size
2,594 SF
Property subtype
Investment
Building Details
Building Size
2,594 SF
Year Built
1921
Stories
1
Units
3
Listing Agency:
(909) 838-0191
Listed By:
Felice Hickerson · License #01777540
(909) 838-0191
Source:
Elliman
Added: Jul 13
Changed: Aug 29
Last Checked: Aug 29 at 2:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Felice Hickerson
Investment Insights
Based on property information with market context.
This 1921 triplex includes three distinct residential units on a 7,500-square-foot lot. The front residence provides 1,424 square feet with two bedrooms, one bathroom, an office, laundry room, and a brand-new roof. A two-story rear structure contains a 742-square-foot upper unit with one bedroom, one bathroom, and in-unit laundry, plus a 428-square-foot lower unit with one bedroom and one bathroom. A separate storage area serves the property.
An extended driveway accommodates multiple vehicles, while the extra-large, extra-tall carport provides covered parking for oversized vehicles. Alley access adds another point of entry and supports property functionality. The asset is currently tenant occupied and offers three separate rental spaces. Located at 243 W C St in Colton, the property records a Walk Score of 72, a Bike Score of 47, and a Transit Score of 33.
An extended driveway accommodates multiple vehicles, while the extra-large, extra-tall carport provides covered parking for oversized vehicles. Alley access adds another point of entry and supports property functionality. The asset is currently tenant occupied and offers three separate rental spaces. Located at 243 W C St in Colton, the property records a Walk Score of 72, a Bike Score of 47, and a Transit Score of 33.
Key Highlights
- Three‑unit property with 1,424 SF, 742 SF, and 428 SF residential spaces
- Front residence includes 2 bedrooms, 1 bathroom, office, laundry room, and a brand‑new roof
- Rear two‑story structure contains 1‑bedroom upper and lower units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,453
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$529,060
$529.1K
Cap Rate 7%
$377,900
$377.9K
Cap Rate 9%
$293,922
$293.9K
Market Conditions
NOI Build-Up for 2,594 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.2K $15.48/SF
− Vacancy
−$2.4K −$0.91/SF
EGI
$37.8K $14.57/SF
− OpEx
−$11.3K −$4.37/SF
NOI
$26.5K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$529,060
Cap Rate 7%
$377,900
Cap Rate 9%
$293,922
Alternative Uses
Best Use
Multifamily LT 5
$377.9K
$330.7K – $440.9K
NOI $26,453 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$328.1K
$287.1K – $382.7K
NOI $22,964 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$547.2K
$478.8K – $638.4K
NOI $38,302 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
Explore this area
Business Placement
Demographics for 92324, CA
58,626
Population
19,150
Households
3.1
Avg Household Size
33
Median Age
16%
College-Educated
75%
High-School Grad
27.8 sq mi
ZIP Area
2,109
Density / Sq Mi
$69,419
Median Household Income
$36,956
Median Earnings
$1,600
Median Rent
$413,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied units offer varied layouts, dedicated parking, and a separate storage area.
Where is this triplex located?
The property is located at 243 W C St Colton, CA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three‑unit property with 1,424 SF, 742 SF, and 428 SF residential spaces; Front residence includes 2 bedrooms, 1 bathroom, office, laundry room, and a brand‑new roof; Rear two‑story structure contains 1‑bedroom upper and lower units
