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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$1,099,999

Est. payment - /mo

0.28 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Citrus Hoa

MLS Listing ID IG26177530

HOA Fees $718/mo

HOA Y/N Yes

Year Built 1985

Lot Size 0.275 Acres

Property Sub-Type Quadruplex

Property Description

Excellent investment opportunity in the heart Redlands! This well-maintained quadruplex features four separate units, including two spacious 3-bedroom, units and two spacious 2-bedroom units, offering a desirable mix of floor plans. The property has recently been updated with a new roof, new exterior paint, and new PEX plumbing throughout, providing several important improvements for the next owner.

Each unit has its own garage and covered carport, providing residents with convenient covered parking, along with additional off-street parking. A centrally located community laundry room adds another convenience for tenants.

Excellent value-add opportunity with four spacious units and current gross rental income of $81,288 annually. Actual NOI is $50,158. Current rents offer approximately $2,200 per month in potential upside, providing investors an opportunity to increase income through future rent growth.

The property is ideally located with easy access to Downtown Redlands for shopping, dining, and entertainment, along with convenient freeway access and close proximity to the University of Redlands. With four separate units, recent improvements, ample parking, and a desirable location, this property presents an excellent opportunity for an investor looking to add a multifamily property to their portfolio.

Location

State CA

County San Bernardino

Area 268 - Redlands

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Laminate, Tile

Fireplaces Type Gas, Living Room

Fireplace Yes

Appliance Dishwasher, Disposal, Gas Range, Water Heater

Laundry Common Area

Exterior

Parking Features Assigned, Carport, Garage, One Space

Garage Spaces 4.0

Carport Spaces 4

Garage Description 4.0

Fence None

Pool None

Community Features Gutter(s), Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Amenities Available Maintenance Grounds, Trash, Utilities

View Y/N Yes

View Mountain(s), Neighborhood

Roof Type Composition

Total Parking Spaces 12

Private Pool No

Building

Lot Description Near Public Transit, Sprinkler System

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

HOA Name Citrus HOA

HOA Fee Include Pest Control

Senior Community No

Tax ID 0167271440000

Energy Description 1360.0

Acceptable Financing Cash to New Loan, Conventional, FHA, VA Loan

Listing Terms Cash to New Loan, Conventional, FHA, VA Loan

Special Listing Condition Standard, Trust

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Listed by Joe Marroquin Realty Masters & Associates 909-557-3802, DRE #01332311

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent License ID: 01854556

1140 Oxford DR Redlands, CA 92374

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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