Prime Investment Opportunity in the Smiley Park Historic District! Take advantage of this opportunity in one of Redlands’ most desirable and historically rich neighborhoods. This 3-bedroom, 1-bath home sits on a spacious 7,800 sq. ft. lot and was updated in 2021, offering modern improvements with strong rental appeal. The property includes a 293 sq. ft. converted garage that is currently generating rental income, creating immediate cash-flow potential. Whether you choose to continue renting, house hack, or explore additional value-add strategies, this flexible setup offers multiple exit options. Ideally located near Downtown Redlands, major amenities, and within the Redlands School District, this property benefits from strong tenant demand and long-term appreciation potential. Perfect for investors seeking steady income, future upside, and a foothold in a high-demand historic district.
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.
Old Town Redlands Opportunity. A 1905-built, multi-family apartment building. The structural improvements consist of a two-story building structure, which was originally constructed as a single-family home but converted to multi-family many years ago. The total building area is approx 2,873 gross square feet, which is divided into 5 rentable units, all of which have 1-bedroom/1- bath. The property is currently 100% occupied with under market rents. Adequate parking and fabulous location.
Income generates 4 unit in a desirable neighborhood. Conveniently located close to public transportation, highways, restaurants, schools, shopping centers, parks and major transportation routes. Residents will have easy access to all amenities. Unit Features: Unit # A: 3-bedrooms, 2 bathrooms, and a cozy fireplace in the living room. Unit # B, 2-bedrooms and 2 bathrooms and a small size of patio off the kitchen. Unit # C, 2-bedrooms and 2 bathrooms and a deck off the kitchen. Unit D: 2 bedrooms and 1 bathroom, with a spacious living area and a deck above the laundry room. Rental Income: Rents are below market due to long-term tenants. Each unit has an excellent floor plan that provides additional rental income potential for future growth. Each unit has its own electric and gas meters. Landlord pays water for the hot water tank for all 4 unit. Monthly HOA dues are $718 for trash, gardening, conducts regular security patrols, and sets aside reserves to maintain the asphalt behind all buildings to provide a professionally maintained appearance.
Redlands is located in California. Redlands, California has a population of 72,649. Redlands is less family-centric than the surrounding county with 31.52% of the households containing married families with children. The county average for households married with children is 33.94%.
The median household income in Redlands, California is $87,184. The median household income for the surrounding county is $70,287 compared to the national median of $69,021. The median age of people living in Redlands is 35.5 years.
The average high temperature in July is 96.7 degrees, with an average low temperature in January of 39.5 degrees. The average rainfall is approximately 13.6 inches per year, with 0 inches of snow per year.
