Price Reduced Listing
1140 Oxford Drive,Redlands, CA 92374
Redlands, CA 92374
Description
Excellent investment opportunity in the heart Redlands! This well-maintained quadruplex features four separate units, including two spacious 3-bedroom, units and two spacious 2-bedroom units, offering a desirable mix of floor plans. The property has recently been updated with a new roof, new exterior paint, and new PEX plumbing throughout, providing several important improvements for the next owner. Each unit has its own garage and covered carport, providing residents with convenient covered parking, along with additional off-street parking. A centrally located community laundry room adds another convenience for tenants. Excellent value-add opportunity with four spacious units and current gross rental income of $81,288 annually. Actual NOI is $50,158. Current rents offer approximately $2,200 per month in potential upside, providing investors an opportunity to increase income through future rent growth. The property is ideally located with easy access to Downtown Redlands for shopping, dining, and entertainment, along with convenient freeway access and close proximity to the University of Redlands. With four separate units, recent improvements, ample parking, and a desirable location, this property presents an excellent opportunity for an investor looking to add a multifamily property to their portfolio.
Details
| MLS | IG26177530 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $718 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 27 |
| Listing Provided By | Realty Masters & Associates | Joe Marroquin |
Features
| SQ Feet | 4,006 |
|---|---|
| Garage | 4 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.28 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Window Features | Blinds |
| Appliances | Dishwasher, Disposal, Gas Range, Water Heater |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Lot Features | Near Public Transit, Sprinkler System |
| Fencing | None |
Parking
| Parking Features | Assigned, Carport, Garage, One Space |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Gutters, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | Redlands |
| Zip Code | 92374 |
| Area | 268 Redlands |
| Listing VS Median (in 92374) | |
Price: $1,074,999 low | high Med: $599,000 sqft: 4,006 low | high Med: 1,684 $ / sqft: $268 low | high Med: $356 On site: 27 low | high Med: 35 | |
Market Activity 92374
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Redlands |
| Zip Code | 92374 |
| Area | 268 Redlands |
| Listing VS Median (in 92374) | |
Price: $1,074,999 low | high Med: $599,000 sqft: 4,006 low | high Med: 1,684 $ / sqft: $268 low | high Med: $356 On site: 27 low | high Med: 35 | |
 | $1,170,000610 E Lugonia Avenue 4Redlands, CA 92374 |