527 Ruiz Street, Redlands, California 92374, Redlands, 92374 - 2 bed, 1 bath
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Redlands, California 92374
This property represents a High-Potential Investment Opportunity, listed at $950,000. With a Fair Market Value of $886,148, the property is priced above current market estimates, reflecting its premium Village Center Development potential. Featuring a 6,804 sq. ft. lot and a Condition Rating of 6, the structure serves primarily as a land-value play. The Village Center zoning provides significant flexibility for future density projects. This is a strategic acquisition for Commercial Developers or Long-term Land Investors focused on the Redlands growth corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 527 Ruiz Street Subject | $950,000* List Price | 2 | 1 | 700 | $1,266 | - |
A 601 Ruiz Street Active | $850,000 List Price | 3 | 1 | 816 | $1,042 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1951 (>70 years old) with no evidence of renovation. The listing description focuses exclusively on land value and development potential in a 'Village Center' zone. Visible roof damage and the high price-to-square-footage ratio indicate the value is in the lot, not the structure.
Located in the heart of the Village Center Development Area, this property is positioned in a rapidly expanding corridor with a new apartment community breaking ground nearby, signaling strong future appreciation.
The Village Center designation allows for a variety of potential uses, offering significant flexibility for investors, developers, or business owners to maximize the lot's utility and value.
The property boasts an excellent location with immediate proximity to essential amenities, including shopping, dining, and retail services, complemented by attractive city light views.
With a list price of $950,000 for a 700-square-foot home, the cost per square foot is exceptionally high, as the value is primarily tied to the land and development potential rather than the current residence.
The existing 1951 structure is small and likely requires extensive modernization or complete demolition to meet the standards of the surrounding new developments.
Prime 6,800+ sq. ft. lot located in the heart of the City's Village Center Development Area! Positioned in one of the community's fastest-growing corridors, this property offers exceptional investment and development potential. A new apartment community is currently breaking ground nearby, adding to the area's continued growth and demand. Conveniently located near shopping, restaurants, retail, services, and other amenities. The Village Center designation may allow for a variety of potential uses, making this an excellent opportunity for investors, developers, or business owners. Buyer to independently verify zoning, permitted uses, development standards, and all potential uses with the City. Don't miss this chance to invest in a rapidly developing area with tremendous future potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 700 | 1,782 |
| Lot Size | 6,804 | 7,956 |
| Price | $950.0K | $690.3K |
| Price per sq ft | $1.4K | $377 |
| Built year | 1951 | 1987 |
| HOA | $0 | $145 |
| Days on market | 30 | 59 |
Jun 22, 2026
$950,000
Initial Listing
May 22, 2015
$195,000
Public Record
Jan 31, 2001
$70,000
Public Record