1104 E Pennsylvania Avenue, Redlands, California 92374, Redlands, 92374 - 4 bed, 2 bath
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1104 E Pennsylvania Avenue
Redlands, California 92374
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
2Baths
1,423Sq Ft
8,700Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$502,748
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $502,748 Fair Market Value by 0.75%. This valuation gap offers $3,748 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires significant renovation, yet its 8,700 sqft corner lot and proximity to the University of Redlands provide excellent rental demand. This is a value-add asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity through strategic improvements.
Estimated Market Value
$502,748
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 |
|---|---|---|---|---|---|---|
★ 1104 E Pennsylvania Avenue Subject | $499,000* List Price | 4 | 2 | 1,423 | $353 | - |
A 1626 Jason Court Sold | $425,000 | 4 | 2 | 1,308 | $325 | 0.6 mi |
B 1209 Anthony Sold | $560,000 | 2 | 2 | 1,335 | $419 | 1.0 mi |
C 1543 Hanford Sold | $570,000 | 3 | 2 | 1,325 | $430 | 0.2 mi |
D 1631 Church Sold | $430,000 | 3 | 2 | 1,130 | $381 | 0.5 mi |
E 1011 Gail Sold | $605,000 | 3 | 2 | 1,460 | $414 | 0.2 mi |
F 1317 Susan Avenue Sold | $570,000 | 3 | 2 | 1,509 | $378 | 0.4 mi |
G 513 E Pioneer Avenue Sold | $600,000 | 3 | 3 | 1,532 | $392 | 0.8 mi |
H 1602 Glover Street Active | $559,000 List Price | 4 | 2 | 1,308 | $427 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1979 (45 years old) with no evidence of recent major renovations. The listing explicitly describes the property as a 'value-add opportunity' needing 'TLC' and 'renovation.' Visuals confirm dated interiors, popcorn ceilings, and significant wear on kitchen countertops and appliances, indicating a need for a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8700, living area = 1423.
- Strategic University Proximity
Located less than one mile from the University of Redlands, this property is perfectly positioned for high rental demand from students and faculty, ensuring long-term investment viability.
- Expansive Corner Lot
The generous 8,700 square foot corner lot offers significant curb appeal, privacy, and ample space for potential expansions, landscaping, or an Accessory Dwelling Unit (ADU).
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property requires significant 'TLC' and modernization, which will necessitate immediate capital expenditure and project management from the buyer.
- As-Is Sale Condition
Being sold in as-is condition may limit certain traditional financing options and places the full burden of repairs and structural due diligence on the purchaser.
About 1104 E Pennsylvania Avenue
Value-add opportunity near the University of Redlands! Located less than one mile from campus, this 4-bedroom, 2-bath home offers an exciting opportunity for investors or owner-occupants looking for a project. Situated on a large corner lot, the property features a spacious backyard, covered patio, and attached 2-car garage. Previously used as a rental, the home is in need of some TLC and offers plenty of potential for renovation and personalization. The four-bedroom layout and convenient location make it well-suited for a rental property, with potential appeal to students and university-related tenants. For a buyer looking to make the home their own, this is an opportunity to renovate and create your ideal space while building value along the way. Bring your vision and unlock the potential of this well-located Redlands property. Priced to sell as-is.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 8,700 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | 4.0 | 3.8 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,423 | 1,801.644 |
| Lot Size | 8,700 | 8,387.844 |
| Price | $499.0K | $681.9K |
| Price per sq ft | $351 | $378 |
| Built year | 1979 | 1982 |
| HOA | $0 | $141 |
| Days on market | 30 | 55 |
Pricing History
Listed for Sale
Aug 10, 2026
$499,000
Initial Listing
Sold
Apr 30, 2018
$372,500
Public Record
Sold
Mar 25, 2003
$208,000
Public Record
Sold
Sep 29, 2000
$152,500
Public Record
Sold
Aug 31, 1998
$120,000
Public Record