NOT LISTED FOR SALE
2 Beds
6 Baths
4,262 Sq Ft
7,400 Sq Ft Lot

Sale Details

Date Sold: February 8, 2019

Last sale price $890,000 $209 Per Sq Ft

197 Days on Market

Highlights

  • No HOA
  • Fireplace
  • Laundry Facilities
  • Cope Middle School Rated A-
  • Central Heating and Cooling System
  • 4-minute walk to Smiley Park

About This Home

As of February 2019

Amazing opportunity to own a Medical Bldg with 4 tenants in place. Current rents are $5780 with 650 sq ft available for an additional $1300 a month. Fully rented the building would gross cash flow $6730 a month.

Waiting room would account for approximately 412 sq. feet shared space with two suites.

1500 sq ft currently has a 4 year lease with 2 - 5 year options at $3750 and $3950(2nd term) a month. 500 sq. ft is rented for $530 a month (this is a year lease so there is up potential to raise the rent). Two units above the building are 600 sq. feet 1/1 each newly renovated and rent for $875 each. Located in a prime area of Redlands this charming building is a great investment opportunity and with the additional 650 sq feet available for another rental. 6 designated parking spaces behind the building. Newly stucco, new ramp being built. Zoned professional office
SUBJECT TO CANCELLATION OF PREVIOUS ESCROW.

Last Agent to Sell the Property

Janet Burke

RE/MAX ADVANTAGE License #01111173 Listed on: 03/28/2018

RE/MAX ADVANTAGE

Last Buyer's Agent

Jacob Abeelen

T.N.G. Real Estate Consultants License #01973535

T.N.G. Real Estate Consultants
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 7,400 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Tile Roof

Interior Spaces

  • 4,262 Sq Ft Home
  • 2-Story Property
  • Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 0171223100000

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $360
  • Insurance Expense $2,500
  • Trash Expense $600
  • Water Sewer Expense $2,400
  • New Taxes Expense $9,625
  • Operating Expense $17,885
  • Gross Income $6,730
  • Net Operating Income $53,015

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

7,400 Sq Ft Lot

Listing Details

  • CapRate: 13.90
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 0171223100000
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 208.82

Exterior Features

  • Pool Private: No
  • Roof: Tile
  • Spa: No

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7400.00
  • Lot Size Acres: 0.1699

Multi Family

  • Average1 Bed Area: 850 Square Feet
  • Average2 Bed Area: 2500 Square Feet
  • Average3 Bed Area: 850 Square Feet
  • Average Studio Area: 630 Square Feet
  • Electric Expense: 2400.00
  • Fuel Expense: 360.00
  • Gross Income: 6730.00
  • Gross Scheduled Income: 70800.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 7400.0000 Square Feet
  • Net Operating Income: 53015.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Operating Expense: 17785.00
  • Rent Control: No
  • Total Actual Rent: 5780.00
  • Total Expenses: 17885.00

Tax Info

  • New Taxes Expense: 9625.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2026
Sold by
Affinity Property Investments Llc
Bought by

Purchase Details

Closed on
Sep 9, 2021
Sold by
Affinity Property Investments Llc
Bought by
Affinity Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,000
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 28, 2018
Closed on
Feb 6, 2019
Sold by
Caley James Patrick and Caley Barbara
Bought by
Affinity Property Investments Llc
Seller's Agent
Janet Burke
RE/MAX ADVANTAGE
Buyer's Agent
Jacob Abeelen
T.N.G. Real Estate Consultants
List Price
$899,000
Sold Price
$890,000
Premium/Discount to List
-$9,000
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 20, 2018
Sold by
Caley James and Caley Barbara
Bought by
James Patrick Caley and James Barbara Jean Cal

Purchase Details

Closed on
Mar 5, 2001
Sold by
Montross Rosa M
Bought by
Montross Ernest E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.92%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Affinity Property Investments Llc -- First American Title
Affinity Property Investments Llc $889,000 Ticor Title
James Patrick Caley -- None Available
Montross Ernest E -- Fidelity National Title Ins
Caley James $225,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $487,000
Previous Owner Affinity Property Investments Llc $465,000
Previous Owner Caley James $275,000
Previous Owner Caley James $283,000
Previous Owner Caley James $220,000
Previous Owner Caley James $180,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/08/2019 02/08/19 Sold $890,000 -1.0% $209 / Sq Ft
02/03/2019 02/03/19 For Sale $899,000 0.0% $211 / Sq Ft
10/11/2018 10/11/18 Pending -- -- --
08/17/2018 08/17/18 For Sale $899,000 0.0% $211 / Sq Ft
06/07/2018 06/07/18 Pending -- -- --
04/25/2018 04/25/18 For Sale $899,000 0.0% $211 / Sq Ft
04/10/2018 04/10/18 Pending -- -- --
03/28/2018 03/28/18 For Sale $899,000 -- $211 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,291 $1,011,530 $193,430 $818,100
2025 $12,291 $991,696 $189,637 $802,059
2024 $11,471 $972,251 $185,919 $786,332
2023 $11,458 $953,188 $182,274 $770,914
2022 $11,291 $934,498 $178,700 $755,798
2021 $11,499 $916,174 $175,196 $740,978
2020 $11,327 $906,780 $173,400 $733,380
2019 $3,797 $303,933 $49,980 $253,953
2018 $3,702 $297,974 $49,000 $248,974
2017 $3,671 $292,131 $48,039 $244,092
2016 $3,630 $286,403 $47,097 $239,306
2015 $3,603 $282,101 $46,390 $235,711
2014 $3,538 $276,575 $45,481 $231,094
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV18070941

California Regional Multiple Listing Service (CRMLS)

APN: 0171-223-10

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