
Redlands, California 92373
This property presents a High-Potential Investment Opportunity with a List Price of $900,000—positioned well above the $746,285 Fair Market Value by -20%. Featuring a Condition Rating of 5, the 1920s structure requires significant renovation. However, the 2.4-acre lot offers exceptional subdivision potential for 4-6 parcels and ADU flexibility. Located in a prime South Redlands neighborhood with Mountain Views, this asset is a strategic acquisition for Real Estate Developers or Experienced Investors focused on long-term land value and development upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1464 Pacific Street Subject | $900,000* List Price | 3 | 2 | 1,500 | $498 | - |
A 1037 W Sunset Drive Sold | $770,000 | 2 | 2 | 1,599 | $482 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1920 and shows no evidence of recent renovation. Interior images reveal dated 1970s/80s-style cabinetry, popcorn ceilings, and a window AC unit suggesting a lack of modern central HVAC. The listing explicitly states the value is in the land and suggests the home needs to be 'reimagined' or the lot subdivided, indicating the structure requires a total rehab.
The massive 2.4-acre mostly usable parcel offers a rare opportunity for subdivision into 4-6 separate lots or the creation of an expansive private custom compound in a high-demand market.
Situated in one of the city's most desirable neighborhoods and surrounded by higher-value estates, the property provides prestigious positioning near Downtown Redlands and the University.
With a 1,000+ sqft custom garage and significant acreage, the property is ideal for multi-generational living, guest houses, or workshop needs, supported by favorable local ADU planning initiatives.
The original 1920s structure is likely in need of extensive restoration or a complete rebuild to align with modern luxury standards and the high value of the surrounding area.
While the land offers high upside, realizing its full potential through subdivision requires navigating city approvals and incurring significant costs for planning, design, and infrastructure.
Opportunities like this simply do not come along often in South Redlands. Welcome to 1464 Pacific Street, a distinctive 1920 built estate property situated on an exceptionally unique 2.4 acre predominately usable parcel in one of Redlands’ most desirable neighborhoods, surrounded by higher-value homes and offering a level of flexibility that is becoming increasingly difficult to find in today’s market. Originally built during Redlands’ early citrus era, this character-rich property represents far more than a home. The true value here lies in the land itself and the extraordinary possibilities it creates for the next owner. For those who can recognize potential beyond what exists today, this property presents the opportunity to create something truly exceptional. Restore and reimagine the existing home into a stunning luxury estate, design a private custom compound, create an expansive outdoor entertainment retreat, or preserve and elevate a truly unique legacy property unlike anything else currently available in South Redlands. The size and usability of this parcel also creates exceptional ADU flexibility, offering the potential for multi-generational living, guest homes, a private family compound, or future income-producing opportunities. Even more compelling, the City of Redlands is currently exploring low-cost or potentially pre-approved ADU plans that could save future owners thousands in planning and design costs. For those thinking on an even larger scale, there may be potential to subdivide the property into approximately four to six separate parcels, creating an exceptional future development opportunity in one of Redlands’ most sought after residential markets. Adding even more utility, the property includes a custom-built garage exceeding 1,000 square feet, offering flexibility for storage, workshop use, business needs, or future creative possibilities. Located just minutes from Downtown Redlands, the University of Redlands, Redlands Bowl, local dining, shopping, and convenient access to I10 connecting to Riverside, Ontario, Palm Springs, and Los Angeles, this property offers the ideal combination of location, land, flexibility, and long-term upside that is becoming increasingly difficult to find. Some buyers search for homes. Others recognize opportunity. 1464 Pacific Street offers something far more valuable than what exists here today. The question is… What do you see?
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 | 1,500 | 1,782 |
| Lot Size | 104,544 | 7,956 |
| Price | $900.0K | $690.3K |
| Price per sq ft | $600 | $377 |
| Built year | 1920 | 1987 |
| HOA | $0 | $145 |
| Days on market | 19 | 59 |
Jul 3, 2026
$900,000
Initial Listing