NOT LISTED FOR SALE

Estimated Value: $879,282 - $954,000

3 Beds
2 Baths
2,585 Sq Ft
$360/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $890,000 $344 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,799/month

7 Days on Market

Highlights

  • Private Pool
  • Fishing
  • No HOA
  • Cope Middle School Rated A-
  • Community Lake
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2022

Calling all investors! Don't miss your opportunity to own this turnkey Triplex income property conveniently located near the Historic Downtown Redlands. There are 3 units on site with separate gas and electric. The one-bedroom unit is currently renting at $950, the 2-bedroom unit is currently renting at $1,100 and the 3-bedroom unit is renting at $1800. Rents have not been increased in over 3 years on the 1-bedroom and 2-bedroom units! These properties can easily rent for a combined income of at least $4300 per month with adjustments in the 1 and 2 bedroom units. Take advantage of this opportunity to own your next investment on a quiet street in Redlands with a pride of ownership. The kitchens in both the 3-bedroom unit and the 1 bedroom unit have been updated. All units have separate laundry. The 3-bedroom unit has central air, stainless appliances, and granite counters, and a nicely sized master bedroom. A single car garage separates the 1- and 2-bedroom units for use at the new owners discretion. The 3 bedroom unit is detached and offers a beautiful patio space with a water feature. Parking is not an issue as there is plenty of driveway and street parking permitted. Don't miss your opportunity to be the next proud owner of this turnkey property just a few blocks from The Redlands Bowl, Restaurants and more!

Last Agent to Sell the Property

Jim Bottrell

eXp Realty Greater Los Angeles License #01154905 Listed on: 04/12/2022

eXp Realty Greater Los Angeles

Last Buyer's Agent

ROSEMARY BRUN

SMART SELL REAL ESTATE License #01951482

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.27 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Open Parking Spaces
  • 1 Car Garage

Home Design

  • 2,585 Sq Ft Home
  • Triplex

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • No Heating
  • Standard Electricity

Additional Features

  • Laundry Room
  • Private Pool

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 5
  • Assessor Parcel Number 0171203090000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units
  • Community Lake

Recreation

  • Fishing
  • Bike Trail

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $500
  • Operating Expense $925
  • Net Operating Income $3,425

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: Triplex 3 Units Any Combination
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 0171203090000
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: No
  • Price Per Square Foot: 344.29

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Electric: Standard
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Biking, Fishing, Lake

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11920.00
  • Lot Size Acres: 0.2736

Multi Family

  • Gross Scheduled Income: 3850.00
  • Insurance Expense: 500.00
  • Lot Size Area: 11920.0000 Square Feet
  • Net Operating Income: 3425.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 425.00
  • Rent Control: No
  • Total Actual Rent: 2050.00
  • Total Expenses: 925.00

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 5-000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
Apr 25, 2022
Sold by
Czech David J and Czech Clarissa
Bought by
Hernandez Johnny Ray
Seller's Agent
Jim Bottrell
eXp Realty Greater Los Angeles
Buyer's Agent
ROSEMARY BRUN
SMART SELL REAL ESTATE
List Price
$799,999
Sold Price
$890,000
Premium/Discount to List
$90,001
11.25%
Current Estimated Value
$930,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,071
Avg. Annual Appreciation
1.19%

Purchase Details

Closed on
Sep 7, 2001
Sold by
Czech Florence E
Bought by
Czech David J and Czech Clarissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,470
Interest Rate
6.87%

Purchase Details

Closed on
Jun 12, 1997
Sold by
Ryan Thomas and Ryan Karyl A
Bought by
Czech David J and Czech Clarissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
7.54%

Purchase Details

Closed on
Feb 28, 1997
Sold by
Ryan Thomas
Bought by
Ryan Thomas and Ryan Karyl A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Hernandez Johnny Ray $880,000 Lawyers Title
Czech David J -- Equity Title Company
Czech David J $123,000 Chicago Title Co
Ryan Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Czech David J $130,470
Previous Owner Czech David J $98,400
Closed Czech David J $12,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $890,000 +11.3% $344 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $799,999 -- $309 / Sq Ft
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 $11,622 $933,863 $281,220 $652,643
2024 $10,850 $915,552 $275,706 $639,846
2023 $10,837 $897,600 $270,300 $627,300
2022 $2,439 $194,839 $60,164 $134,675
2021 $2,482 $191,018 $58,984 $132,034
2020 $2,446 $189,059 $58,379 $130,680
2019 $2,380 $185,352 $57,234 $128,118
2018 $2,322 $181,718 $56,112 $125,606
2017 $2,303 $178,155 $55,012 $123,143
2016 $2,278 $174,661 $53,933 $120,728
2015 $2,262 $172,038 $53,123 $118,915
2014 $2,222 $168,668 $52,082 $116,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2203279

California Regional Multiple Listing Service (CRMLS)

APN: 0171-203-09