NOT LISTED FOR SALE

Estimated Value: $678,000 - $918,000

2 Beds
2 Baths
1,628 Sq Ft
$487/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $665,000 $408 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,881/month

43 Days on Market

Highlights

  • Open Floorplan
  • Laundry Room
  • Fenced
  • Redlands Senior High School Rated A
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of March 2023

We are pleased to present for sale a rare mixed-use investment in an ideal location, nestled between historic downtown Redlands and the Redlands Packing House District. 1 bedroom plus flex room and 1 bath each unit. The 1628sf property is walking and biking distance to University of Redlands (East), ESRI campus (South), Trader Joes, Vons, Orange Theory, Sprouts, Redlands Passenger Rail station, all major banks and several coffee shops. Loma Linda University and Medical Center is a 10 min drive. With recent improvements, this San Francisco style mixed-use property has long term residential tenancy with stabilized rental income. Both units feature an open concept interior with loft height ceilings, fully remodeled kitchen and bathroom per unit, separate HVAC, electrical and water, laundry hookups, fully landscaped yards, side yards(dog run) with motorized-gated secured parking per unit. Redlands Elementary, Franklin Elementary and Redlands High School are nearby. The property has convenient access to the 10 and 210 freeways. Both units are fully occupied paying market rents.

Last Agent to Sell the Property

Michael De Perio

Kirela Real Estate Co License #01870969 Listed on: 02/06/2023

Last Buyer's Agent

Rick Mason

Interbanc Real Estate License #01132706

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,033

Year Built

  • Built in 1908

Lot Details

  • 7,700 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • No Sprinklers

Home Design

  • Duplex

Interior Spaces

  • 1,628 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Gas Oven

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 2 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,881
  • Trash Expense $600
  • Gross Income $11,337
  • Net Operating Income $46,163

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 80
  • Assessor Parcel Number 0169233040000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,033

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 0169233040000
  • Year Built: 1908
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 399.26
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Heating Type: Central
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 7700.00
  • Lot Size Acres: 0.1768

Multi Family

  • Gross Income: 11337.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1881.00
  • Lot Size Area: 7700.0000 Square Feet
  • Net Operating Income: 46163.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Operating Expense: 11337.00
  • Rent Control: No

Tax Info

  • Tax Lot: 29
  • Tax Tract Number: 80.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2023
Closed on
Mar 17, 2023
Sold by
Higgins Karena A
Bought by
Flores Graciela A
Seller's Agent
Michael De Perio
Kirela Real Estate Co
Buyer's Agent
Rick Mason
Interbanc Real Estate
List Price
$650,000
Sold Price
$665,000
Premium/Discount to List
$15,000
2.31%
Total Days on Market
43
Views
165
Current Estimated Value
$793,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,649
Avg. Annual Appreciation
8.41%
Original Mortgage
$498,750
Outstanding Balance
$485,847
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$307,802

Purchase Details

Closed on
Oct 3, 2019
Sold by
Higgins Fe L Ebora and Higgins Karena A
Bought by
Higgins Karena A

Purchase Details

Closed on
Dec 18, 2018
Sold by
Higgins Fe L Ebora
Bought by
Higgins Fe L Ebora and Higgins Karena A

Purchase Details

Listed on
Jun 10, 2018
Closed on
Jul 23, 2018
Sold by
Pimentel Alfredo and Pimentel Mary D
Bought by
Higgins Fe L Ebora
Seller's Agent
Juliet Camacho
CENTURY 21 EXPERIENCE
Buyer's Agent
Michael De Perio
COMPASS
List Price
$410,000
Sold Price
$392,500
Premium/Discount to List
-$17,500
-4.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.01%
Original Mortgage
$314,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2013
Sold by
Smith Gerald and Smith Mary
Bought by
Pimentel Alfredo and Pimentel Mary D
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Flores Graciela A $665,000 Chicago Title
Higgins Karena A -- None Available
Higgins Fe L Ebora -- None Available
Higgins Fe L Ebora $392,500 Orange Coast Title Company
Pimentel Alfredo $160,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Graciela A $498,750
Previous Owner Higgins Fe L Ebora $314,000
Previous Owner Smith Jerry $136,000
Previous Owner Smith Jerry $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $665,000 +2.3% $408 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
02/06/2023 02/06/23 For Sale $650,000 0.0% $399 / Sq Ft
06/08/2022 06/08/22 Rented $2,400 0.0% --
05/20/2022 05/20/22 Price Changed $2,400 -2.0% $3 / Sq Ft
05/19/2022 05/19/22 Price Changed $2,450 -2.0% $4 / Sq Ft
05/18/2022 05/18/22 Price Changed $2,500 -3.8% $4 / Sq Ft
05/11/2022 05/11/22 Price Changed $2,600 -3.7% $4 / Sq Ft
05/05/2022 05/05/22 For Rent $2,700 0.0% --
09/07/2018 09/07/18 Sold $392,500 -4.3% $239 / Sq Ft
07/19/2018 07/19/18 Pending -- -- --
06/10/2018 06/10/18 For Sale $410,000 -- $250 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $8,033 $678,300 $188,700 $489,600
2023 $5,102 $420,839 $123,303 $297,536
2022 $5,028 $412,587 $120,885 $291,702
2021 $5,120 $404,497 $118,515 $285,982
2020 $5,044 $400,350 $117,300 $283,050
2019 $4,903 $392,500 $115,000 $277,500
2018 $823 $63,413 $21,855 $41,558
2017 $816 $62,169 $21,426 $40,743
2016 $807 $60,950 $21,006 $39,944
2015 $802 $60,034 $20,690 $39,344
2014 $788 $58,858 $20,285 $38,573
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-12571

Pasadena-Foothills Association of REALTORS®

APN: 0169-233-04