
Redlands, California 92373
This Prime Investment Opportunity is a fully operational, state-approved RCFE listed at $1,205,000, positioned well below the $1,237,074 Fair Market Value by 2%. This valuation gap offers $32,074 in Instant Equity. Featuring a Mint Condition Rating, the property includes a fire sprinkler system, accessibility enhancements, and a resort-style pool and spa. Located in the prestigious Smiley Heights neighborhood, this turnkey asset is ideal for Buy-and-Hold Investors or Healthcare Operators seeking a high-end, income-generating facility with panoramic views.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1531 Edgehill Subject | $1,205,000* List Price | 6 | 3 | 2,841 | $435 | - |
A 1110 Cedar Avenue Sold | $985,000 | 5 | 3 | 2,656 | $371 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1977, the property is described as fully renovated and professionally improved for use as a state-approved Residential Care Facility (RCFE). It features upgraded life-safety systems, a fire sprinkler system, and accessibility enhancements, qualifying it as a turnkey, mint-condition property with a recent renovation (under 5 years).
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19895, living area = 2841.
The property is a fully renovated, state-approved Residential Care Facility for the Elderly (RCFE) featuring essential life-safety upgrades, fire sprinklers, and accessibility enhancements, providing immediate operational value for investors.
Situated in the elite Smiley Heights neighborhood of South Redlands, the residence offers breathtaking panoramic mountain and city views on a sprawling, nearly half-acre lot.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
The specialized configuration and institutional safety features tailored for RCFE use may limit the property's appeal to traditional single-family homebuyers without significant interior modifications.
With six bedrooms but only three bathrooms, the property has a high occupancy-to-bathroom ratio, which may present logistical challenges for both high-end residential living and care facility operations.
Nestled in the highly desirable Smiley Heights neighborhood of South Redlands, this beautifully maintained single-story residence offers approximately 2,800 square feet of comfortable living space with 4 bedrooms and 3 bathrooms. Enjoy breathtaking mountain and city views from multiple areas of the home, creating a serene setting for everyday living and entertaining. The spacious floor plan features formal living and dining rooms, a separate family room with fireplace and wet bar, and a generously sized kitchen with abundant cabinetry, ample counter space, and a casual dining area overlooking the backyard. Large bedrooms provide flexibility for family, guests, home office space, or multigenerational living. Step outside to a private backyard retreat complete with a sparkling pool, covered patio, mature landscaping, and plenty of room for entertaining or relaxing while enjoying the peaceful surroundings. Additional features include a 3-car garage, ample parking, and convenient access to hospitals, schools, shopping, dining, and major transportation routes. A rare opportunity to own a spacious home in one of Redlands’ most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 97% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,841 | 2,060 | 74% |
| Lot Size | 19,895 | 12,000 | 71% |
| Price | $1.21M | $785.0K | 88% |
| Price per sq ft | $424 | $387 | 64% |
| Built year | 1977 | 1963 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 149 | 4% |
May 29, 2026
$1,205,000
Initial Listing
Feb 14, 2024
$1,087,500
Public Record