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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$1,175,000

Est. payment - /mo

10 Beds

7 Baths

0.28 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID IG26177530

Bedrooms 10

HOA Fees $718/mo

Lot Size 0.275 Acres

Property Sub-Type Res Income 2-4 Units

Property 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 $48,358. 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.

Location

State CA

County San Bernardino

Zoning Assessor

Direction 10 fwy to Orange St. to E. Brockton Ave. to Oxford Dr.

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

HOA Name Citrus HOA

HOA Fee Include Exterior (Landscaping),Trash Pickup

Senior Community No

Tax ID 0167271440000

Acceptable Financing Conventional, FHA, VA

Listing Terms Conventional, FHA, VA

Virtual Tour https://justlistedrealestatephotography1.hd.pics/1140-Oxford-Dr

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Listed by Joe Marroquin, DRE#01332311 Realty Masters & Associates

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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1140 Oxford Drive Redlands, CA 92374