1140 Oxford Drive, Redlands, California 92374, Redlands, 92374 - 0 bed, 0 bath
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This quadruplex presents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned above the $1,033,890 Fair Market Value. While the property requires capital for cosmetic updates to achieve top-tier rents, its 4-unit diverse mix and 2:1 parking ratio provide significant operational stability. With a Condition Rating of 4, this asset is best suited for Buy-and-Hold Investors seeking long-term rental income or Value-Add Investors looking to modernize the units and optimize the net operating income against the existing HOA expenses.
Property is moderate renovation needed.
Built in 1985 (41 years old), the property falls into the >20y category. While described as well-maintained, there is no mention of recent major renovations to kitchens, bathrooms, or core systems, suggesting the units are likely dated and will require minor repairs or cosmetic updates to achieve top market rents.
The property features a versatile combination of 3-bedroom, 2-bedroom, and 1-bedroom units, catering to a wide range of tenant demographics and ensuring long-term rental stability.
With a four-car garage, four covered carports, and additional off-street parking, the property offers a rare 2:1 parking ratio per unit, significantly increasing its attractiveness to potential renters.
Listed as 'Active Under Contract' within just one day on the market, this property demonstrates immediate investor appeal and strong liquidity in the desirable Redlands submarket.
The monthly association fee of $684 is relatively high for a residential income property, which directly impacts the net operating income and overall capitalization rate for investors.
The reliance on a centrally located community laundry room rather than in-unit hookups may limit the ability to achieve top-of-market rents compared to more modern or upgraded competing units.
Exceptional investment opportunity in the heart of Redlands! This well-maintained quadruplex features four individually designated units, including one spacious 3-bedroom/2-bath unit, two comfortable 2-bedroom units, and one cozy 1-bedroom unit — offering a versatile mix designed to accommodate a variety of tenant needs. Each residence provides its own unique living space, making this property an attractive option for long-term rental stability and strong income potential. Additional highlights include a four-car garage with one garage space assigned to each unit, four covered carports, ample off-street parking, and a centrally located community laundry room for added tenant convenience. Ideally located near schools, shopping, parks, and everyday conveniences, tenants will appreciate the easy access to local amenities and commuter routes. Whether you're looking to expand your investment portfolio or secure a multi-unit property in a desirable location, this income-producing property offers outstanding potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,006 | 4,006 | 50% |
| Lot Size | 12,000 | 11,919 | 60% |
| Price | $1.20M | $1.12M | 80% |
| Price per sq ft | $300 | $291 | 60% |
| Built year | 1985 | 1965 | 80% |
| HOA | $684.0 | $0 | 80% |
| Days on market | 16 | 179 | 20% |
May 21, 2026
$1,200,000
Initial Listing
Oct 11, 2024
$940,000
Public Record
Jan 25, 2005
$555,000
Public Record
Sep 3, 2004
$502,000
Public Record