217 Judson, Redlands, California 92374, Redlands, 92374 - bed, bath
ACTIVE$1,125,000
217 Judson, Redlands, California 92374
0Bed
0Bath
3,852Sqft
7,274.52Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Price Reduction: A recent $50,000 price reduction indicates a motivated seller, potentially offering a favorable purchase opportunity and room for negotiation.
Top Cons:
Age of Property: Built in 1964, the property is over 50 years old. While plumbing and HVAC are new, other major components (e.g., roof, foundation, electrical wiring, windows) may be original or older, potentially requiring future maintenance or upgrades.
Compared to the nearby listings
Price:$1.12M vs avg $900.0K (+$225,000)67%
Size:3,852 sqft vs avg 2,410 sqft67%
Price/sqft:$292 vs avg $30433%
More Insights
Built in 1964 (61 years old).
Condition: The property, built in 1964, is aged but appears well-maintained. While the listing highlights significant upgrades like new plumbing and central AC/heating, the interior images reveal cosmetically dated kitchens and bathrooms. The kitchens feature older white appliances, basic white cabinets with simple hardware, and black countertops, which are functional but not modern. Bathrooms also appear basic with standard tile and fixtures. The widespread beige tile flooring, while durable, contributes to an outdated aesthetic. The property is move-in ready and functional, but the interiors would require minor to moderate cosmetic updates to align with current styles and maximize appeal, fitting the 'fair' condition criteria of being aged but maintained with functional yet outdated components.
Year Built
1964
Close
-
List price
$1.13M
Original List price
$1.18M
Price/Sqft
$292
HOA
-
Days on market
-
Sold On
-
MLS number
IV25253620
Home ConditionFair
Features
Good View:
View-
About this home
RECENT 50K PRICE REDUCTION MOTIVATED SELLER / Highlights: ProForma CAP Rate of 5.32% / Attractive Unit Mix: (1) 3B2B Unit (3) 2B/1B Units / New Plumbing and Central AC/Heating / Possible FHA Financing Options: Eligible with as little as 3.5% down / Strong Rents with Long-Term Tenancy / Added Features: (4) Individual Single Car Garages / Laundry Room Onsite / Welcome to 217 Judson Street, Redlands CA 92374, a premier multi-family investment opportunity in the thriving city of Redlands. This well-maintained apartment complex, built in 1964, is situated on a lot totaling 0.167 acres, offering ample space and strategic central positioning. With 4 units, the property boasts an attractive unit mix.
Price History
Date
Event
Price
10/28/19
Sold
$720,000
11/17/17
Sold
$605,500
10/20/17
Sold
$550,000
04/16/04
Sold
$470,000
04/17/03
Sold
$323,000
Condition Rating
Fair
The property, built in 1964, is aged but appears well-maintained. While the listing highlights significant upgrades like new plumbing and central AC/heating, the interior images reveal cosmetically dated kitchens and bathrooms. The kitchens feature older white appliances, basic white cabinets with simple hardware, and black countertops, which are functional but not modern. Bathrooms also appear basic with standard tile and fixtures. The widespread beige tile flooring, while durable, contributes to an outdated aesthetic. The property is move-in ready and functional, but the interiors would require minor to moderate cosmetic updates to align with current styles and maximize appeal, fitting the 'fair' condition criteria of being aged but maintained with functional yet outdated components.
Pros & Cons
Pros
Significant Price Reduction: A recent $50,000 price reduction indicates a motivated seller, potentially offering a favorable purchase opportunity and room for negotiation.
Strong Investment Fundamentals: The property boasts a ProForma CAP Rate of 5.32% with strong rents and long-term tenancy, signaling a stable and attractive income-generating asset.
Key System Upgrades: Recent installation of new plumbing and central AC/heating significantly reduces immediate capital expenditure for a buyer and enhances tenant comfort and property longevity.
Attractive Unit Mix & Amenities: The desirable unit mix of (1) 3B/2B and (3) 2B/1B units, coupled with individual single-car garages and an onsite laundry room, appeals to a broad tenant base and adds value.
FHA Financing Eligibility: Eligibility for FHA financing with as little as 3.5% down broadens the potential buyer pool, including owner-occupant investors, making the property more accessible.
Cons
Age of Property: Built in 1964, the property is over 50 years old. While plumbing and HVAC are new, other major components (e.g., roof, foundation, electrical wiring, windows) may be original or older, potentially requiring future maintenance or upgrades.
Potential for Outdated Interiors: Despite recent system upgrades, the description does not specify if all unit interiors have been modernized. Older cosmetic finishes could require updates to maximize rental income and tenant appeal.
Limited Parking Beyond Garages: With four individual single-car garages for a four-unit complex, additional parking for tenants with multiple vehicles or guests may be limited, which could be a minor inconvenience.