$1,150,000 Price Analysis 521 Courier AveRedlands, CA 92374 9 bed 7 bath 4,006 SqFt ($287/SqFt) 0.28 acre lot. Built 1985 Listed 2024-05-12, Taxes $8,975 | Ⓧ USDA Ineligible due to price & location near Redlands |
Generate income from 4 properties in a desirable neighborhood with a steady rental income stream. The property is conveniently located close to public transportation, highways, restaurants, schools, shopping centers, parks and major transportation routes. Residents will hve easy access to all amenities. Building Features: 1 unit is a three bedroom, 2 bath and a fireplaces in living room. 2 units are two-bedroom 2 bath. another 1 unit is a one-bedroom, one-bath.
The rent is below market due to long-term tenants. Each unit has excellent surface planting, providing additional rental income potential for future growth. Monthly HOA dues are $684. The HOA pays for dumpsters and normal gardening, conducts regular security patrols and sets aside reserves to maintain the asphalt behind all buildings to provide a professionally maintained appearance. Each unit has individual electric and gas meters. All 4 units have their own garages, plus 3 covered parking spaces and 2 open parking spaces. Separate gas and electric meter in each unit tenant pays themself. Owner pays water, exterior electric and hot water tank gas bill.
Presented by Helen Chan at
Irn Realty.
Property MLS #WS24095714 from CRMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $578,148 + $157,677 $735,825 | $8,975 |
2021 | $566,812 + $154,585 $721,397 | $9,139 |
2020 | $561,000 + $153,000 $714,000 | $9,004 |
2019 | $550,000 + $150,000 $700,000 | $8,752 |
2018 | $319,979 + $137,903 $457,882 | $5,736 |
2017 | $313,705 + $135,199 $448,904 | $5,688 |
2016 | $307,554 + $132,548 $440,102 | $5,625 |
2015 | $302,934 + $130,557 $433,491 | $5,584 |
2014 | $297,000 + $128,000 $425,000 | $5,484 |
2013 | $293,505 + $62,894 $356,399 | $4,679 |
2012 | $287,750 + $61,661 $349,411 | $4,609 |
2011 | $282,108 + $60,452 $342,560 | $4,481 |
2010 | $297,338 + $22,440 $319,778 | $4,232 |
2009 | $298,044 + $22,493 $320,537 | $4,157 |
2008 | $292,200 + $22,052 $314,252 | $4,104 |
2007 | $286,471 + $21,620 $308,091 | $3,884 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.