Listed By:
Edwin Medina with Prestige Investments Group Inc;
1218 Oxford Drive, Redlands, CA
$ 1,185,000
Property Attributes
  • MLS#PW23176180
  • TypeMulti-Family
  • CityRedlands
  • AreaNot Defined
  • Zip92374
  • StyleQuadruplex
  • Price$ 1,185,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12000
  • Lot Size12,001 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Welcome to an exceptional investment opportunity in the heart of Redlands, California! This well-maintained, income-generating 4-unit property is a savvy investor's dream come true. Nestled in a desirable neighborhood, this versatile property offers not only a stable source of rental income but also tremendous potential for future growth. Situated in the charming city of Redlands, this property is conveniently located near schools, shopping centers, parks, and major transportation routes. Residents will appreciate easy access to all the amenities the city has to offer. With four individual units, this property presents an excellent opportunity for rental income. Each unit is designed to provide comfortable living spaces, ensuring a steady stream of rental revenue. Redlands has a strong rental market, and this property enjoys a historically low vacancy rate, making it a dependable income generator for investors. A Four car Garage and Ample off-street parking is available for residents, providing convenience and peace of mind. Redlands continues to grow in popularity, and property values have been on the rise. This investment property offers potential for future appreciation, making it a wise choice for long-term investors.

Price History
9/25/2023 Listed $1,185,000

General Features

Additional Parcels Y/N No
Appliances Dishwasher, Disposal
Assoc Fee Paid Per Monthly
Association Y/N Yes
Attached Garage No
Building Area Units SquareFeet
Carport Y/N No
City Redlands
Community Features Curbs, Foothills, Gutters
County San Bernardino
Days on Market 1
Directions Orange St / E Lugonia Ave
Electric Expense 0.0
Entry Location 1
Fuel Expense 0.0
Garage Spaces 4.0
Garage Y/N Yes
Gross Income 71949.0
HOA 475.0
Home Warranty Y/N No
Insurance Expense 2600.0
Interior Features CeilingFans, GraniteCounters
Land Lease Y/N No
Lease Considered Y/N No
Lease Renewal Y/N No
Levels Two
Listing Terms Conventional, Item1031Exchange, FHA, FannieMae
Lot Size Square Feet 12000.0
MLS Area 699 - Not Defined
Mobilehomeremainsyn No
Net Operating Income 60669.0
New Construction No
Number of Units Leased 4
Operating Expense 11280.0
Pool Features None
Possession CloseOfEscrow
Private Pool No
Property Attached Y/N Yes
Property Sub Type Additional Quadruplex
Property SubType Quadruplex
Property Type ResidentialIncome
Rent Control Y/N No
Senior Community Y/N No
Sewer PublicSewer
Special Listing Conditions Standard
Standard Status Active
Status Active
Stories 2
Street Name Oxford
Tax Lot 9
Tenant Pays Electricity, Gas, Telephone, Water
Total Actual Rent 5995.76
Total Units 4
Trash Expense 5700.0
View Y/N No
Water Sewer Expense 5200.0
Waterfront Y/N No
Year Built 1985
Year Built Source Assessor
ok to Lease MonthToMonth

Interior Features

Air Conditioning Y/N No
Basement (Y/N) No
Common Walls Item2CommonWalls
Electric On Property Y/N No
Entry Level 1
Fireplace Features Bath, FamilyRoom, Kitchen, Outside
Fireplace Y/N Yes
Heating Y/N No
Laundry Features CommonArea
Street Suffix Drive
Total Stories 2

Exterior Features

Building Area Total 12000.0
Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
Lot Features BackYard, FrontYard
Lot Size Acres 0.2755
Lot Size Area 12000.0
Lot Size Source Assessor
Lot Size Units SquareFeet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Open Parking Y/N No
Parking Features Assigned
Spa No
Total Parking 4.0
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 92374

AVG $880K
AVG 15
Data Provided by Inside Real Estate®
Year Built
AVG 1958

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