NOT LISTED FOR SALE
6 Beds
7 Baths
3,936 Sq Ft
8,002 Sq Ft Lot

Last Sold November 27, 2024

Last sale price $1,625,000 $413 Per Sq Ft

28 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Wall Furnace
  • Cope Middle School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 3-minute walk to Smiley Park

About This Home

As of November 2024

Welcome to this charming 7-unit complex located in the heart of Redlands, ideally situated on a spacious corner lot directly across from the serene Smiley Park. This residence offers both a tranquil environment for residents and an incredible investment opportunity.
The complex consists of six one-bedroom, one-bathroom units and one studio with a bathroom, each designed to maximize natural light and provide an open-concept living experience. Every apartment features luxury vinyl flooring throughout, along with a cozy kitchen and living space. Each unit is equipped with individual electric meters, ensuring convenience and efficiency. This peaceful and well-maintained complex boasts beautifully landscaped grounds, including a spacious front and backyard that are perfect for recreation or relaxation. Residents will enjoy the convenience of being close to a variety of dining, shopping, and entertainment options. The area is surrounded by beautiful parks and walking paths, offering ample opportunities for outdoor activities, while downtown Redlands, with its additional amenities, is just a short drive away. Don't miss your chance to own this delightful property that combines comfort, convenience, and a prime location. Schedule a viewing today and discover all that this exceptional complex has to offer!

Last Agent to Sell the Property

Prashant Sampat

Pacific Avenue Realty Brokerage Phone: 562-841-0227 License #01916221 Listed on: 08/06/2024

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty Brokerage Phone: 562-841-0227 License #01916221 Listed on: 08/06/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 8,000 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,936 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 1 / E
  • Assessor Parcel Number 0171233100000
  • $1,849 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $2,600
  • Insurance Expense $6,000
  • Water Sewer Expense $8,042
  • New Taxes Expense $19,938
  • Operating Expense $36,580
  • Gross Income $144,120
  • Net Operating Income $107,540

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

8,000 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 8042.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0171233100000
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 412.86

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 8000.00
  • Lot Size Acres: 0.1837

Multi Family

  • Average1 Bed Area: 625 Square Feet
  • Average Studio Area: 565 Square Feet
  • Fuel Expense: 2600.00
  • Gross Income: 144120.00
  • Gross Scheduled Income: 144120.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 8000.0000 Square Feet
  • Net Operating Income: 107540.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 36580.00
  • Rent Control: No
  • Total Actual Rent: 144120.00
  • Total Expenses: 36580.00

Tax Info

  • New Taxes Expense: 19938.00
  • Tax Block: E
  • Tax Census Tract: 82.01
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 1849.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/27/2024 11/27/24 Sold $1,625,000 0.0% $413 / Sq Ft
10/11/2024 10/11/24 Price Changed $1,625,000 +1.9% $413 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
08/06/2024 08/06/24 For Sale $1,595,000 +105.8% $405 / Sq Ft
01/15/2019 01/15/19 Sold $775,000 -3.1% $197 / Sq Ft View Prior Sale
10/13/2018 10/13/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $800,000 0.0% $203 / Sq Ft
01/28/2016 01/28/16 Rented $695 0.0% --
01/25/2016 01/25/16 For Rent $695 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,271 $1,625,000 $485,000 $1,140,000
2024 $10,170 $847,578 $164,048 $683,530
2023 $10,159 $830,958 $160,831 $670,127
2022 $10,013 $814,664 $157,677 $656,987
2021 $10,194 $798,690 $154,585 $644,105
2020 $10,044 $790,500 $153,000 $637,500
2019 $2,494 $185,019 $29,273 $155,746
2018 $2,437 $181,391 $28,699 $152,692
2017 $2,418 $177,834 $28,136 $149,698
2016 $2,393 $174,347 $27,584 $146,763
2015 $2,377 $171,728 $27,170 $144,558
2014 $2,337 $168,364 $26,638 $141,726
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24058476

California Regional Multiple Listing Service (CRMLS)
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