
Redlands, California 92374
This property presents a High-Potential Investment Opportunity with a List Price of $514,950—positioned well below the $494,976 Fair Market Value by -4%. While the home features a Fair Condition Rating (5/10) with some unfinished interior work, the Detached Guest Quarters and Spacious Corner Lot provide significant value-add potential. The property offers a versatile layout for multi-generational living or rental income generation. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project with immediate functional utility in the Redlands Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1005 Ohio Street Subject | $514,950* List Price | 3 | 2 | 1,480 | $334 | - |
A 915 Alta Sold | $489,000 | 4 | 2 | 1,504 | $325 | 0.3 mi |
B 1103 Alta Sold | $390,000 | 3 | 2 | 1,012 | $385 | 0.3 mi |
C 1203 Ohio Street Sold | $475,000 | 2 | 1 | 1,354 | $351 | 0.2 mi |
D 1132 Calhoun Active | $499,990 List Price | 5 | 3 | 1,368 | $365 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1979 (>45 years old) with only superficial cosmetic updates like paint and carpet. Bathrooms feature dated linoleum and older fixtures, and Image 8 shows a room with exposed studs and plumbing, indicating significant unfinished rehab work is required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7638, living area = 1480.
The property includes a separate detached building with its own bedroom, bathroom, and kitchenette, providing exceptional versatility for multi-generational living, a home office, or potential rental income.
Extensive recent improvements, including fresh interior and exterior paint, new carpeting, and a serviced HVAC system, ensure the home is in excellent condition for immediate occupancy.
The listing specifies no significant views, which may be a drawback for buyers looking for the elevated or aesthetic vistas often sought after in the Redlands area.
Built in 1979, the property may require more frequent maintenance of its original core systems and infrastructure compared to newer residential builds in the region.
Charming Corner Lot Home with Detached Guest Quarters in Redlands! Welcome to this beautifully refreshed 3-bedroom, 2-bathroom home situated on a spacious corner lot with a fenced yard, offering comfort, versatility, and endless possibilities. Extensive recent improvements include fresh exterior and interior paint, landscape cleanup with tree reduction, drywall and baseboard repairs, new carpet, freshly painted kitchen cabinets and fireplace, reglazed shower enclosures, kitchen sink drain replacement, HVAC service, installation of missing door knobs and outlet covers, and other miscellaneous repairs, making this home move-in ready. Inside, you'll find a welcoming living room highlighted by a cozy fireplace, creating the perfect gathering space. The adjacent kitchen features newer-style cabinetry, attractive countertops, and appliances, providing both functionality and style. Down the hall are the comfortable bedrooms and two bathrooms, offering a practical layout for everyday living. A unique feature of this property is the separate detached building, complete with its own bedroom, bathroom, and kitchenette, making it ideal for extended family, guests, a home office, or other flexible living arrangements. The fenced yard offers plenty of outdoor space to enjoy, while the detached two-car garage and extended driveway provide ample parking and storage. Conveniently located near shopping, dining, schools, parks, and freeway access, this versatile Redlands property presents an exceptional opportunity for homeowners and investors alike. Don't miss your chance to make this unique property your own!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,480 | 1,782 |
| Lot Size | 7,638 | 7,956 |
| Price | $515.0K | $690.3K |
| Price per sq ft | $348 | $377 |
| Built year | 1979 | 1987 |
| HOA | $0 | $145 |
| Days on market | 7 | 59 |
Jul 15, 2026
$514,950
Initial Listing
May 21, 2012
$116,000
Public Record
Jan 12, 2001
$124,000
Public Record
Sep 21, 1999
$94,000
Public Record