323 E Colton, Redlands, California 92374, Redlands, 92374 - bed, bath
323 E Colton
Redlands, California 92374
Property Price
SUMMARY
Analysis of 323 E Colton, Redlands, California 92374 is currently available with a list price of $629,900. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Redlands Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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 While the roof was replaced in 2016, the overall aesthetic and fixtures are outdated, placing it firmly in the 'fair' category.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Ideally situated within walking distance to both the University of Redlands and downtown, ensuring consistently high rental demand and low vacancy risk.
- Turnkey Investment
The property is fully leased to reliable long-term tenants and maintained in excellent condition, providing immediate cash flow with no initial renovation required.
- Recent Capital Improvements
A roof replacement in 2016 and professional landscaping significantly reduce the immediate need for major capital expenditures for the new owner.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1536, other record living area = 1256.
- Historic Age
Built in 1891, the structure may require specialized maintenance or face higher insurance premiums and stricter building code requirements due to its vintage.
- Shared Utility Costs
While electricity is metered separately, other utilities like water and gas may be shared, which can complicate expense tracking and tenant billing.
About 323 E Colton
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1891
- Lot Size
- 5,652 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,536 | 3,203 | 25% |
| Lot Size | 5,652 | 12,057.9 | 25% |
| Price | $629.9K | $743.5K | 25% |
| Price per sq ft | $410 | $296 | 75% |
| Built year | 1891 | 1953 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 114 | 25% |
Pricing History
Listed for Sale
Feb 13, 2026
$629,900
Initial Listing
Sold
Sep 23, 2016
$190,000
Public Record