323 E Colton, Redlands, California 92374, Redlands, 92374 - 0 bed, 0 bath
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Redlands, California 92374
This Turnkey Residential Income Asset is listed at $599,000, representing a stable entry point at its $599,000 Fair Market Value. The property maintains a Fair Condition Rating and features a 2016 Roof Replacement, Mountain View, and Separate Electricity Meters for operational efficiency. Located within walking distance to the University of Redlands and downtown, it offers high rental demand and immediate cash flow from established long-term tenants. This well-maintained duplex is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking for a reliable house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 323 E Colton Subject | $599,000* List Price | 0 | 0 | 1,536 | $390 | - |
A 1120 Clay Sold | $520,000 | 4 | 2 | 1,224 | $425 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1891, this duplex is well-maintained but shows significant signs of age in its interior finishes. The kitchen features older white appliances, painted cabinetry, and laminate flooring with visible wear and scuffing. The bathrooms are functional but dated, and the use of wall-mounted AC units rather than central HVAC further reflects an older renovation standard. While the roof was replaced in 2016, the overall aesthetic and fixtures are outdated, placing it firmly in the 'fair' category.
Ideally situated within walking distance to both the University of Redlands and downtown, ensuring consistently high rental demand and low vacancy risk.
The property is fully leased to reliable long-term tenants and maintained in excellent condition, providing immediate cash flow with no initial renovation required.
A roof replacement in 2016 and professional landscaping significantly reduce the immediate need for major capital expenditures for the new owner.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1536, other record living area = 1256.
Built in 1891, the structure may require specialized maintenance or face higher insurance premiums and stricter building code requirements due to its vintage.
While electricity is metered separately, other utilities like water and gas may be shared, which can complicate expense tracking and tenant billing.
Fantastic opportunity to purchase a turnkey duplex within walking distance to University of Redlands and downtown. This rare investment opportunity offers a fully leased 2 units includes a spacious 2 bedroom, 1 bath downstairs and a generous 1 bedroom, 1 bath upstairs. Also includes a garage and a storage room, along with a shared laundry room including 2 washers and 2 dryers. The roof was replaced in 2016. Separate meters for electricity. The units are in great condition and the lot is fully landscaped. Fantastic long term tenants that would love to stay. This is an easy breezy long term investment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,536 | 3,852 | 40% |
| Lot Size | 5,652 | 7,274.52 | 20% |
| Price | $599.0K | $757.0K | 40% |
| Price per sq ft | $390 | $291 | 60% |
| Built year | 1891 | 1964 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 113 | 179 | 40% |
Mar 11, 2026
$599,000
$629,900
-5% Price Drop
Initial Listing
Feb 13, 2026
$629,900
Initial Listing
Sep 23, 2016
$190,000
Public Record