1002 Lombard, Redlands, California 92374, Redlands, 92374 - bed, bath
ACTIVE$849,000$4,360/sqft
1002 Lombard, Redlands, California 92374
0Bed
0Bath
4,360Sqft
12,173Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: The property boasts an unbeatable location, just blocks from the University of Redlands and minutes from downtown, situated in one of Redlands’ most desirable areas, ensuring strong tenant appeal.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-12-19. The sold price is $757,000.00.
Compared to the nearby listings
Price:$849.0K vs avg $803.0K (+$46,000)50%
Size:4,360 sqft vs avg 4,183 sqft50%
Price/sqft:$195 vs avg $24150%
More Insights
Built in 1965 (61 years old).
Condition: Built in 1965, the property explicitly states it 'needs a complete remodel in 3 Units' and is 'SOLD AS IS.' The images confirm a very dated interior with original or very old renovations in the kitchen and bathrooms, featuring old cabinets, appliances, tiled countertops, and basic fixtures. The exterior also shows signs of age and deferred maintenance, including visible window AC units. This aligns with the 'poor' condition criteria requiring substantial repairs and rehabilitation.
Year Built
1965
Close
-
List price
$849K
Original List price
$849K
Price/Sqft
$195
HOA
-
Days on market
-
Sold On
-
MLS number
IV26008128
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
Prime Redlands 4-Plex — Priced Below Market! Located just blocks from the University of Redlands and minutes from downtown Redlands, this 4-unit property features identical 2 bedrooms and 2 bathrooms in each unit, dedicated garage and off street parking, and a shared on-site laundry area. Large 12,000 Sqft+ Lot! Priced well below market value, this property needs a complete remodel in 3 Units. 3 of the 4 units are vacant. This offers strong upside for investors looking to add value in a high-demand rental area. Strong rental demand, ideal unit layout, and an unbeatable location make this a solid investment in one of Redlands’ most desirable areas. Needs TLC and SOLD AS IS.
A
AMANDA RIOS
Listing Agent
Price History
Date
Event
Price
12/19/25
Sold
$757,000
06/14/10
Sold
$205,000
12/02/04
Sold
$552,000
Condition Rating
Poor
Built in 1965, the property explicitly states it 'needs a complete remodel in 3 Units' and is 'SOLD AS IS.' The images confirm a very dated interior with original or very old renovations in the kitchen and bathrooms, featuring old cabinets, appliances, tiled countertops, and basic fixtures. The exterior also shows signs of age and deferred maintenance, including visible window AC units. This aligns with the 'poor' condition criteria requiring substantial repairs and rehabilitation.
Pros & Cons
Pros
Prime Location: The property boasts an unbeatable location, just blocks from the University of Redlands and minutes from downtown, situated in one of Redlands’ most desirable areas, ensuring strong tenant appeal.
Significant Value-Add Potential: Priced below market value with 3 of 4 units requiring a complete remodel, this property offers substantial upside for investors looking to add value and maximize rental income.
Strong Rental Demand: Located in a high-demand rental area with strong rental demand, indicating a robust market for securing tenants post-renovation.
Ideal Unit Configuration: Each of the four units features an identical and desirable 2-bedroom, 2-bathroom layout, appealing to a broad range of potential renters.
Ample Parking & On-Site Laundry: The property includes dedicated garage and off-street parking, along with a shared on-site laundry area, enhancing convenience and attractiveness for tenants.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-12-19. The sold price is $757,000.00.
Extensive Renovation Required: Three of the four units require a complete remodel, necessitating significant capital expenditure and project management before they can be rented at market rates.
Vacant Units & Immediate Income Loss: With three units currently vacant, the property will incur immediate carrying costs and lost rental income during the renovation period.
Sold As-Is Condition: The property is sold 'AS IS,' meaning the buyer assumes full responsibility for all necessary repairs, upgrades, and potential unforeseen issues without seller contribution.