
Redlands, California 92373
This property presents a High-Potential Investment Opportunity with a List Price of $589,950—positioned above the $554,864 Fair Market Value. While the property requires significant capital for utility repairs, the 12,000SF lot and Dual-Unit Potential offer substantial upside for forced appreciation. The Condition Rating of 5 reflects the need for sewer/septic remediation in the guest house, yet the Mid-Century Modern architecture and Mountain Views provide a strong foundation for value-add projects. This is a strategic acquisition ideal for Buy-and-Hold Investors or experienced contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1407 Pacific Street Subject | $589,950* List Price | 3 | 2 | 1,441 | $385 | - |
A 1235 Cedar Sold | $575,000 | 3 | 2 | 1,816 | $317 | 0.8 mi |
B 924 Alvarado Sold | $630,000 | 3 | 2 | 1,752 | $360 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954, this property is a cash-only investor fixer-upper. While the main house features some updates like vinyl flooring and newer kitchen cabinetry, the detached guest house has no functional plumbing or sewer connection, indicating significant utility and system defects that require extensive rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12000, living area = 1441.
The property features two dwellings on a generous 12,000 sqft lot, including a main house and a detached guest house, providing excellent opportunities for rental income or multi-generational living.
Situated in a highly desirable area near the Historic District, this property offers a blend of small-town nostalgia and proximity to a vibrant, modern scene in a prestigious neighborhood.
The guest house lacks functional plumbing and requires a significant capital investment to either connect to the public sewer system or install a new septic system.
Sold in 'As-Is' condition as a fixer-upper, the property is limited to cash-only offers, which significantly narrows the pool of potential buyers to investors.
INVESTOR OPPORTUNITY! CASH ONLY OFFERS! TWO ON A LOT! PRIME AREA OF SOUTH REDLANDS. 1960'S ERA, MID-CENTURY MODERN FIXER-UPPER! PROPERTY HAS BEEN OCCUPIED BY THE SAME FAMILY SINCE 1964! MAIN HOUSE HAS 3 BEDROOMS, 2 BATHS, OPEN FLOOR PLAN, ORIGINAL AND UNTOUCHED BEAUTIFUL STONE FIREPLACE. HUGE WINDOW OVERLOOKS THE BACK YARD CAPTURING REDLANDS VINTAGE TOWNSCAPE WITH THOSE ICONIC PALM TREES AND LUSH VEGETATION. THE DETACHED MID-CENTURY MODERN GUEST HOUSE MIRRORS THE MAIN HOUSE WITH THAT RETRO CHARM OFFERING A PRIVATE OASIS! ONE BEDROOM, ONE BATH, WITH KITCHINETTE, AND A BEAUTIFUL HUGE ROCK FIREPLACE THAT IS THE DEFINITE FOCAL POINT OF THE ENTIRE GUEST HOUSE! PROPERTY IS LOCATED NEAR REDLANDS HISTORIC DISTRICT BLENDING SMALL TOWN NOSTALGIA WITH VIBRANT, MODERN SCENE. THERE ARE SOME UPDATES IN THE MAIN HOUSE; VINYL FLOORING THOUGHOUT, SOME DUAL PANE WINDOWS AND NEWER KITCHEN CABINETRY. GUEST BATHROOM NEAR KITCHEN IS A FIXER-UPPER WITH SUBFLOOR EXPOSED. GUEST HOUSE HAS NO FUNCTIONAL PLUMBING. WILL NEED TO BE CONNECTED TO PUBLIC SEWER OR NEW SEPTIC INSTALLED. PROPERTY BEING SOLD IN ITS 'AS IS' CONDITION! MUST SEE TO TRULY APPRECIATE ALL THAT THIS HOME HAS TO OFFER!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,441 | 1,801.644 |
| Lot Size | 12,000 | 8,387.844 |
| Price | $590.0K | $681.9K |
| Price per sq ft | $409 | $378 |
| Built year | 1954 | 1982 |
| HOA | $0 | $141 |
| Days on market | 4 | 55 |
Sep 5, 2026
$589,950
Initial Listing