$1,497,000
$98K PRICE DROP

Estimated payment $9,765/month

Total Views 13,100
6 Beds
7 Baths
4,618 Sq Ft
$324 Price per Sq Ft

Highlights

  • Views of a landmark
  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Cope Middle School Rated A-
  • No HOA
  • 1-minute walk to Smiley Park

About This Home

Seven unit apartment complex with two separate buildings, four garages, private yard for tenants, and coin laundry - located directly across from the historic Redlands Bowl and Jocelyn Senior Center, one block from the AK Smiley Public Library, and adjacent to Smiley Park. On the market for the first time in over fifty years, 'The Prosellis' apartments offer a unique opportunity for either a live in owner, or an investor who is looking for an A+ location with rents that are currently under market rate. Our front building consists of four one bedroom units, two studios, and a common laundry area (est. 3484 sq ft). The back building (est. 1134 sq ft), which has it's own private yard, is a two bedroom apartment located on top of the four separate garages. A basement underneath the front building provides ample storage space for ownership, and easy access to systems like water heaters, plumbing, and electrical. The four garages open up to the alley. Excellent Redlands Schools.

Listing Agent

Joseph Shaw

Shaw Real Estate Brokers Brokerage Phone: 909-725-0241 License #01957392 Listed on: 03/31/2025

Co-Listing Agent

CHRISTINA AUSTIN

Shaw Real Estate Brokers Brokerage Phone: 909-725-0241 License #02174676

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 8,000 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Density is 36-40 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Side Facing Garage

Home Design

  • Traditional Architecture
  • Apartment
  • Turnkey
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 4,618 Sq Ft Home
  • 2-Story Property
  • Views of a landmark
  • Laundry Room

Kitchen

  • Gas Oven
  • Tile Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 0171241190000
  • $416 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Bike Trail

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Electric Expense $1,635
  • Furniture Replacement Expense $748
  • Gardener Expense $1,253
  • Insurance Expense $8,000
  • Maintenance Expense $3,137
  • Pest Control $891
  • Professional Management Expense $7,313
  • Trash Expense $2,262
  • Water Sewer Expense $2,262
  • Operating Expense $23,372
  • Gross Income $107,169
  • Net Operating Income $83,797

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 213857
  • Professional Management Expense: 7313.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 2262.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1253.00
  • Parcel Number: 0171241190000
  • Year Built: 1930
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Stories: 2
  • Entry Location: South East
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 324.17

Exterior Features

  • Foundation: Raised
  • View: Landmark
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Side
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 891.00
  • Sewer: Public Sewer
  • Trash Expense: 2262.00
  • 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: Biking, Curbs, Park, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 8000.00
  • Lot Size Acres: 0.1837

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1635.00
  • Furniture Replacement Expense: 748.00
  • Gross Income: 107169.00
  • Gross Scheduled Income: 107169.00
  • Insurance Expense: 8000.00
  • Laundry Income: 2052.00
  • Lot Size Area: 8000.0000 Square Feet
  • Maintenance Expense: 3137.00
  • Net Operating Income: 83796.87
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number Wall A C: 6
  • Operating Expense: 23372.30
  • Rent Control: No
  • Total Expenses: 23372.00

Tax Info

  • Tax Census Tract: 81.00
  • Tax Lot: 7
  • TaxOtherAnnualAssessmentAmount: 416.00

Map

Range of Values:

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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 Change Sq Ft Price
07/02/2025 07/02/25 Price Changed $1,497,000 -6.1% $324 / Sq Ft
03/31/2025 03/31/25 For Sale $1,595,000 0.0% $345 / Sq Ft
08/22/2023 08/22/23 Rented $1,545 -3.1% --
08/09/2023 08/09/23 For Rent $1,595 0.0% --
07/15/2022 07/15/22 Rented $1,595 0.0% --
07/06/2022 07/06/22 For Rent $1,595 +38.7% --
11/01/2019 11/01/19 Rented $1,150 0.0% --
10/25/2019 10/25/19 For Rent $1,150 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG25011837

California Regional Multiple Listing Service (CRMLS)