$1,150,000 Price Analysis   ♡   Redlands, 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 |
Welcome to the heart of 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 have 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 unts 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
Appliances YN: Yes
Garage Spaces: 8
Parking Features: Parking YN: Yes, Parking Features: Detached Carport, Garage, Garage Faces Rear
Parking Total: 9
Lot Size Acres: 0.278
Lot Size Source: Assessor
Lot Size Square Feet: 12111
Road Surface Type: Paved
Association Amenities: Maintenance Front Yard
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 1
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 2
Unit-3 Garage Spaces: 2
Unit-4 Garage Spaces: 2
Rent Control: Yes
County: San Bernardino
Source Property Type: Residential Income
Area: 268 - Redlands
Source Neighborhood: 268 - Redlands
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Parcel Number: 0167271360000
Postal Code Plus 4: 3493
Source System Name: C2C
| 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 |
$1,150,000
CRMLS
Listed 2024-05-12
$1,180,000
CRMLS
Sold 2018-09-27
$700,000
CRMLS
Listed 2018-05-23
$735,000
CRMLS
Sold 2010-04-20
$340,000
Public Record
Sold 2003-03-03
$285,000
Public Record
Sold 1999-08-31
$332,500
Public Record
Sold 1999-05-28
$170,000
Public Record
Sold 1997-09-11
$295,000
Public Record
Sold 1988-03-25
$240,000
Public Record
Sold 1986-12-31
$6,500,000
Public Record
Year Built: 1985
Building Features: 1
Common Walls: No Common Walls
Construction Materials: Stucco
Direction Faces: South
Entry Level: 1
Entry Location: front door
Property Age: 39
Roof: Composition
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Electricity Connected
Natural Gas Connected
Water Connected
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  | ||
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.