NOT LISTED FOR SALE
12 Beds
6 Baths
4,524 Sq Ft
0.63 Acres

Last Sold December 29, 2022

Last sale price $1,500,000 $332 Per Sq Ft

23 Days on Market

Highlights

  • 0.63 Acre Lot
  • Laundry Room
  • Bike Trail
  • Cope Middle School Rated A-

About This Home

As of December 2022

Very unique 5 units apartment built separately one unit has 3 bedrooms 1.5 bathroom, one unit 3 bedrooms 1 bathroom, all three units has two bedrooms 1 bathroom. All units have their own washer/dryer , central AC and heating system, has four garages but huge yard front and back yard where tenants can park. It has also community open patio at the backyard. Property located across medical offices and other community businesses
closed to churches, commercial center and downtown Redlands. Profitable investment for new owner can ask for market rent rate. One unit has new roof. Seller will carry loan at 3.75 % interest rate with 20% down payment for 20 years .

Last Agent to Sell the Property

Patricia Conejos

Berkshire Hathaway HomeServices California Properties License #01294186 Listed on: 10/27/2022

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Patricia Conejos

Berkshire Hathaway HomeServices California Properties License #01294186 Listed on: 10/27/2022

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

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

Parking

  • 4 Car Garage
  • 6 Carport Spaces
  • Parking Available
  • Rear-Facing Garage
  • Three Garage Doors
  • Gravel Driveway
  • Unpaved Parking

Home Design

  • 4,524 Sq Ft Home
  • Shingle Roof
  • Tile Roof

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 8 / O
  • Tax Tract Number 3756
  • Assessor Parcel Number 0172031520000
  • $3,000 per year additional tax assessments

Community Details

Overview

  • 5 Buildings
  • 5 Units

Recreation

  • Bike Trail

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $2,200
  • Trash Expense $1,800
  • Water Sewer Expense $4,200
  • Operating Expense $9,700
  • Gross Income $77,580
  • Net Operating Income $70,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 562 881-4107
  • Price Per Unit: 300000
  • Property Attached: No
  • Water Sewer Expenses: 4200.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 0172031520000
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 331.56

Exterior Features

  • Pool Private: No
  • Roof: Shingle, Tile

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Gravel, Unpaved, Garage Faces Rear, Garage - Three Door
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 27500.00
  • Lot Size Acres: 0.6313

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 920 Square Feet
  • Average3 Bed Area: 1100 Square Feet
  • Gross Income: 77580.00
  • Gross Scheduled Income: 77580.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 27500.0000 Square Feet
  • Net Operating Income: 70080.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 7500.00
  • Rent Control: No
  • Total Expenses: 9700.00

Tax Info

  • Tax Block: O
  • Tax Census Tract: 83.01
  • Tax Lot: 8
  • Tax Tract Number: 3756
  • TaxOtherAnnualAssessmentAmount: 3000.00

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
12/29/2022 12/29/22 Sold $1,500,000 0.0% $332 / Sq Ft
11/15/2022 11/15/22 Price Changed $1,500,000 -10.4% $332 / Sq Ft
10/27/2022 10/27/22 For Sale $1,675,000 +324.1% $370 / Sq Ft
05/03/2012 05/03/12 Sold $395,000 -12.0% $10 / Sq Ft
03/23/2012 03/23/12 Pending -- -- --
09/07/2011 09/07/11 For Sale $449,000 -- $11 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22230571

California Regional Multiple Listing Service (CRMLS)

APN: 0172-031-52