NOT LISTED FOR SALE

441 Cajon St Redlands, CA 92373

South Redlands Neighborhood
12 Beds
8 Baths
5,920 Sq Ft
0.43 Acres

Last Sold April 27, 2016

Last sale price $1,200,000 $203 Per Sq Ft

5 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Shed
  • Cope Middle School Rated A-
  • Laundry Room
  • Wall Furnace

About This Home

As of April 2016

Very desirable area of South Redlands, well maintained units. 4 1/1 and 4 2/1 units all have individual garages, laundry hook ups in each unit. only a block from the Beaver Medical Clinic. Rents are below market and the owner is not charging for the garages. This allows for an increase in income.

Last Agent to Sell the Property

Kenneth Patterson

KELLER WILLIAMS REALTY License #00774852 Listed on: 02/19/2016

KELLER WILLIAMS REALTY

Last Buyer's Agent

Scott Cheramie

MERIDIAN PROPERTY GROUP License #01409016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.43 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 5,920 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting
  • Shed

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 0173051030000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,616
  • Insurance Expense $6,262
  • Trash Expense $1,400
  • Water Sewer Expense $1,400
  • New Taxes Expense $17,160
  • Gross Income $6,830
  • Net Operating Income $69,230

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 5.30
  • Property Attached: Yes
  • Water Sewer Expenses: 1400.00
  • Property Type: Residential Income
  • Parcel Number: 0173051030000
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 202.70

Exterior Features

  • Other Structures: Shed(s)
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 40.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Trash Expense: 1400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 11-15 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 18900.00
  • Price Per Lot Square Foot: 63.49
  • Lot Size Acres: 0.4340

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 780
  • Electric Expense: 1616.00
  • Gross Income: 6830.00
  • Gross Scheduled Income: 81692.00
  • Insurance Expense: 6262.00
  • Lot Size Area: 18900.0000 Square Feet
  • Net Operating Income: 69230.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 12563.00
  • Rent Control: No
  • Total Actual Rent: 6905.00

Tax Info

  • New Taxes Expense: 17160.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2016 04/27/16 Sold $1,200,000 -7.7% $203 / Sq Ft
02/24/2016 02/24/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $1,300,000 +128.1% $220 / Sq Ft
08/15/2012 08/15/12 Sold $570,000 -28.7% $96 / Sq Ft View Prior Sale
07/17/2012 07/17/12 Pending -- -- --
06/30/2012 06/30/12 For Sale $799,000 -- $135 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kenneth Patterson

    KELLER WILLIAMS REALTY

    Section Image
  • Scott Cheramie

    Buyer's Agent in 2016

    Scott Cheramie

    MERIDIAN PROPERTY GROUP

    (909) 581-6055

    1 in this area

    54 Total Sales

    Scott Cheramie
    Section Image

  • G

    Seller's Agent in 2012

    GINA IBARRA

    CENTURY 21 LOIS LAUER REALTY

  • B

    Buyer's Agent in 2012

    BRAD HUNDMAN

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV16035896

California Regional Multiple Listing Service (CRMLS)

APN: 0173-051-03

California San Bernardino County Redlands 92373 South Redlands

441 Cajon St, Redlands, CA

Not Listed for Sale

MultiFamily

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