1464 Pacific Street, Redlands, California 92373, Redlands, 92373 - 3 bed, 2 bath
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1464 Pacific Street
Redlands, California 92373
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,500Sq Ft
104,544Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$746,284
20% AboveMARKET VALUE
SUMMARY
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.
Estimated Market Value
$746,284
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 |
|---|---|---|---|---|---|---|
★ 1464 Pacific Street Subject 3 bd · 2 ba · 1,500 sqft · $498 | $850,000* List Price | 3 | 2 | 1,500 | $498 | - |
A 1037 W Sunset Drive Sold 2 bd · 2 ba · 1,599 sqft · $482 · 0.4 mi | $770,000 | 2 | 2 | 1,599 | $482 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Development Potential
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.
- Prime South Redlands Location
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.
- Versatile Utility and ADU Flexibility
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.
CONSRISKS & DEFICIENCIES
- Significant Renovation Needs
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.
- Development Complexity
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.
About 1464 Pacific Street
A 2.4 Acre Opportunity in South Redlands *** RECENTLY APPRAISED AT $900K*** This 1920 built estate sits on a predominately usable 2.4 acre parcel, surrounded by higher value homes in one of Redlands' most desirable neighborhoods. The Land Is the Story Originally built during Redlands' early citrus era, this property's true value lies in the land itself. Restore the existing home into a stunning luxury estate, design a private custom compound, or create an expansive outdoor entertainment retreat. Endless Possibilities Exceptional ADU potential: multigenerational living, guest homes, or future income. The City of Redlands is even exploring low cost or preapproved ADU plans that could save thousands. Possible subdivision into approximately four to six parcels, subject to applicable city approvals. Custom built garage exceeding 1,000 square feet for storage, workshop, or business use. Minutes from Everything Just minutes from Downtown Redlands, the University of Redlands, Redlands Bowl, and convenient access to Interstate 10, connecting you to Riverside, Ontario, Palm Springs, and Los Angeles. Some buyers search for homes. Others recognize opportunity. The question is… what do you see?
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 104,544 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 3.6 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,500 | 1,784.033 |
| Lot Size | 104,544 | 8,391.033 |
| Price | $850.0K | $673.7K |
| Price per sq ft | $567 | $379 |
| Built year | 1920 | 1981 |
| HOA | $0 | $142 |
| Days on market | 113 | 57 |
Pricing History
Listed for Sale
Oct 9, 2026
$850,000
$900,000
-6% Price Drop
Initial Listing
Price Change
Jul 3, 2026
$900,000
Initial Listing