2061 W Redlands 21e, Redlands, California 92373, Redlands, 92373 - 2 bed, 2 bath
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Redlands, California 92373
This property represents a High-Potential Investment Opportunity, listed at a List Price of $285,000, which aligns with the $285,000 Fair Market Value. While the property is currently priced at market, its Fair Condition Rating (1979 build) provides a clear path for value-add through cosmetic renovations. The 1,190-square-foot layout offers a functional, low-maintenance asset in a central Redlands location. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable entry point into a sought-after neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2061 W Redlands 21e Subject | $299,000* List Price | 2 | 2 | 1,190 | $251 | - |
A 26200 Redlands Boulevard Sold | $300,000 | 2 | 2 | 994 | $302 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1979 (45+ years old) and shows no evidence of recent renovations. Visuals confirm dated popcorn ceilings, older carpet/tile flooring, and original-style fixtures. Based on the age-specific criteria (>30 years without renovation), the property is classified as poor and likely requires a full rehab of the kitchen, bathrooms, and major systems.
Priced at $285,000, this property represents a highly accessible entry point into the Redlands real estate market, making it an attractive option for first-time buyers or budget-conscious investors.
Situated in the heart of Redlands, the condo offers excellent proximity to major freeways, diverse shopping centers, and local dining, ensuring high convenience and long-term desirability.
The 1,190-square-foot layout features a well-proportioned 2-bedroom, 2-bathroom configuration with ample natural light, providing a comfortable and practical environment for residents.
With 88 days on the market, the property has surpassed the typical local turnover rate, which may suggest a need for cosmetic updates or a more aggressive pricing strategy to attract buyers.
The $435 monthly association fee is a significant recurring expense that impacts the overall debt-to-income ratio for buyers and reduces the net cash flow for potential investors.
Opportunity in the heart of Redlands! Located at 2061 W Redlands Blvd #21E, this condo is situated in a quiet, well-maintained community and convenient access to shopping, dining, and major freeways. This unit offers a functional layout with great natural light and a comfortable living space, making it ideal for long-term tenants. The low-maintenance setup and community setting provide ease of ownership, while the desirable Redlands. Don’t miss this opportunity to own a unit in a sought-after area!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,190 | 1,288 |
| Lot Size | 1,190 | 1,644 |
| Price | $299.0K | $413.4K |
| Price per sq ft | $251 | $311 |
| Built year | 1979 | 1981 |
| HOA | $435.0 | $528 |
| Days on market | 126 | 79 |
Jul 10, 2026
$299,000
$285,000
+5% Price Increase
Initial Listing
Mar 18, 2026
$285,000
Initial Listing
Oct 8, 2019
$260,000
Public Record
Feb 7, 2019
$260,000
Public Record
May 18, 2004
$175,000
Public Record