316 W Lugonia Avenue, Redlands, California 92374, Redlands, - bed, bath

home-pic
ACTIVE$750,000
316 W Lugonia Avenue, Redlands, California 92374
4Beds
4Baths
2,437Sqft
15,011Lot
Year Built
1902
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25124855
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood

About this home

TWO HOUSES ON ONE LOT. HOUSES SIT FACING LUGONIA STREET AND ARE SIDE BY SIDE. The addresses are 316 & 320 W Lugonia Ave. Each have their own electric & gas meters, water lines and drive ways. Each house has 2 bedrooms with 2 baths and are approximately 1200 sq foot each. 320 W Lugonia was built in 1928 and moved to this location back in 1950. The second home was added, built in the late 50s. Both have indoor laundry hook ups. Both units have updated electrical systems including main boxes, 316 has partially upgraded water piping, address 320 has full water piping upgrade. Unit 320 has carport parking and 316 has uncovered parking space. Both homes have their own fenced backyards. Unit 320 has newer roof, within 3-4 years old. BOTH PROPERTIES HAVE CENTRAL HEATING AND AIR SYSTEMS. They are close to Texonia Park, Citrus Plaza and easy freeway access. Could work well for an investor or an extended/multiple family living situation, or live in one and rent the other.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (180 Listings)
Beds43
57%
Baths42
94%
Square foot2,4371,613
87%
Lot Size15,0117,090
94%
Price$750K$600K
88%
Price per square foot$308$357
19%
Built year19021986
1%
HOA
Days on market154174
41%
Condition Rating
Fair

The property consists of two houses, one built in 1902 and the other in the late 1950s. While there have been some updates to the electrical and plumbing systems, the overall age of the structures suggests that the kitchens and bathrooms are likely outdated and require further updates. The newer roof on one unit and the presence of central heating and air are positive aspects, but the age of the properties places them in the 'fair' condition category.
Pros & Cons

Pros

Dual Income Potential: Two separate houses on one lot offer excellent potential for rental income or multi-generational living.
Updated Systems: Both units feature updated electrical systems, including main boxes, and upgraded water piping in at least one unit, reducing potential maintenance costs.
Central Heating and Air: Both properties are equipped with central heating and air conditioning systems, ensuring year-round comfort.
Location: Close proximity to Texonia Park, Citrus Plaza, and easy freeway access provides convenient access to amenities and transportation.
Individual Amenities: Each house has its own electric & gas meters, water lines, driveways, fenced backyards, and indoor laundry hookups, providing privacy and independence.

Cons

Age of Property: One house was built in 1902 and the other in 1928, potentially requiring ongoing maintenance and updates due to their age.
Parking Limitations: One unit has carport parking while the other has uncovered parking, which may be a disadvantage for some buyers.
Varied Construction Dates: The different construction dates (1902 and late 1950s) and the fact that one house was moved to the location in 1950 might raise concerns about structural integrity or code compliance.

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