Address
1218 Oxford Drive, Redlands, CA
Price
$ 1,185,000
Property Attributes
- MLS#PW23176180
- TypeMulti-Family
- CountySAN BERNARDINO
- 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 |
Amenities
- 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
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of December 8, 2023 4:32 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
