1007 Lombard, Redlands, California 92374, Redlands, 92374 - 0 bed, 0 bath
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1007 Lombard
Redlands, California 92374
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,360Sq Ft
11,250Lot Size
Property Price
LIST PRICE$1,250,000
EST. MARKET VALUE
$1,225,998
SUMMARY
This quadruplex presents a High-Potential Investment Opportunity with a List Price of $1,250,000, which is currently priced slightly above the $1,225,998 Fair Market Value. While the property requires modernization, its 4,360 square feet and 11,250 square foot lot provide significant value-add potential. With a Fair Condition Rating, the structure offers a stable foundation for capital improvements to boost rental yields. This asset is well-suited for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on Redlands' consistent market appreciation.
Estimated Market Value
$1,225,998
Based on Realkey algorithm analyzing recent comparable sales in Redlands.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1007 Lombard Subject 0 bd · 0 ba · 4,360 sqft · $281 | $1,250,000* List Price | 0 | 0 | 4,360 | $281 | - |
A 1140 Oxford Drive Active Under Contract 0 bd · 0 ba · 4,006 sqft · $268 · 0.2 mi | $1,074,999 List Price | 0 | 0 | 4,006 | $268 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1964, this 60-year-old quadruplex exceeds the 20-year threshold for 'Fair' condition. While the exterior shows evidence of maintenance and updates such as vinyl windows and fresh paint, the age of the structure suggests that interior kitchens, bathrooms, and primary systems (HVAC/Electric) are likely dated and will require minor repairs or modernization to reach current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious Living Units
With a total of 4,360 square feet, this quadruplex offers an average of over 1,000 square feet per unit, providing a competitive edge in the rental market by attracting long-term tenants seeking more space than typical apartments.
- Substantial Lot Size
The 11,250 square foot lot provides ample space for tenant parking and potential outdoor common areas, which are highly valued features for residential income properties in the Redlands area.
- Proven Value Appreciation
The property has demonstrated a consistent and strong upward trend in market value over the last decade, reflecting the desirability of the location and its potential for long-term capital gains.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1964, the property may require significant capital expenditures for updates to major systems such as plumbing, electrical, or roofing to meet modern standards and maintain tenant satisfaction.
- Aggressive Pricing
The current list price of $1.25M represents a substantial 54% increase from its 2021 sale price of $810,000, which may challenge the capitalization rate and overall ROI for investors in the current market.
About 1007 Lombard
Exceptional opportunity in Redlands. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1964
- Lot Size
- 11,250 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,360 | 2,259.4 |
| Lot Size | 11,250 | 8,125 |
| Price | $1.25M | $706.0K |
| Price per sq ft | $287 | $366 |
| Built year | 1964 | 1942 |
| HOA | $0 | $0 |
| Days on market | 11 | 118 |
Pricing History
Listed for Sale
Oct 13, 2026
$1,250,000
Initial Listing
Sold
Apr 22, 2021
$810,000
Public Record
Sold
Feb 29, 2016
$510,000
Public Record
Sold
Apr 25, 2014
$426,000
Public Record
Sold
Jan 17, 2012
$245,000
Public Record
Sold
Jan 6, 2012
$231,000
Public Record