924 Alvarado, Redlands, California 92373, Redlands, 92373 - 3 bed, 2 bath
Loading property details...
Redlands, California 92373
This 1930s Restoration Project is a classic Value-Add Asset listed at $629,000, currently priced above the $569,652 Fair Market Value. The property’s Poor Condition Rating confirms the need for a comprehensive restoration of its 1,752 sqft interior and major systems. However, the 8,100 sqft lot and prime location near Prospect Park in the Redlands Unified district provide a high-ceiling opportunity for forced appreciation through historic preservation. Featuring a basement and two-car garage, this is a strategic project for Fix-and-Flip Investors or Contractors ready to revitalize a historic jewel.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 924 Alvarado Subject | $629,000* List Price | 3 | 2 | 1,752 | $334 | - |
A 645 Cajon Sold | $645,000 | 3 | 2 | 1,739 | $371 | 0.4 mi |
B 521 Bond Sold | $590,000 | 4 | 2 | 1,508 | $391 | 0.6 mi |
C 979 Kevin Ave Sold | $495,000 | 3 | 2 | 1,300 | $381 | 0.5 mi |
D 657 W Cypress Sold | $645,000 | 3 | 2 | 1,569 | $411 | 0.4 mi |
E 302 Sonora Street Pending | $600,000 List Price | 0 | 0 | 2,007 | $299 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930 and explicitly described as being 'in need of restoration,' this property requires a full rehab. Given the age and the listing's call for restoration, the kitchen, baths, and major systems are likely original or significantly outdated (30-50+ years), fitting the criteria for poor condition.
Ideally situated at the end of a quiet, lightly traveled street just below Prospect Park, offering a peaceful setting within walking distance to local cultural performances and recreation.
Built in 1930, this home features a classic layout with a formal dining room, a basement for extra storage, and a large kitchen, providing a high-value opportunity for a custom restoration.
The property includes a generous 8,100 sqft lot with a fully fenced backyard and a security gate, offering enhanced privacy and safety for the residents.
The property is explicitly noted as needing significant restoration to return it to its former condition, which will require a substantial capital investment beyond the purchase price.
As a 1930s residence, the home likely lacks modern energy-efficient features and may require costly updates to its core systems, such as electrical, plumbing, or HVAC.
This is the older home you have been waiting to restore. Located just below Prospect Park and located at the end of Alvarado Street, which is lightly traveled. There is 1 bedroom and bath downstairs along with the living room, formal dining room, and kitchen large enough for a breakfast table. The enclosed back porch is large enough area for the washer and dryer. The other two bedrooms and bath are located upstairs on the second story. There is also a basement for extra storage, along with a two car garage. The private back yard is totally fenced with a security gate. Walk to Prospect park to enjoy the performances and enjoy a delightful picnic. This home is in need of restoration to bring it back to the jewel it was in the past.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,752 | 1,782 |
| Lot Size | 8,100 | 7,956 |
| Price | $629.0K | $690.3K |
| Price per sq ft | $359 | $377 |
| Built year | 1930 | 1987 |
| HOA | $0 | $145 |
| Days on market | 0 | 59 |
$629,000
Initial Listing