323 E Colton, Redlands, California 92374, Redlands, - bed, bath
ACTIVE$675,000
323 E Colton, Redlands, California 92374
0Bed
0Bath
1,536Sqft
5,652Lot
Year Built
1891
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25244652
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
Fantastic opportunity to purchase a turnkey duplex close to University of Redlands and downtown. This rare investment opportunity offers a fully leased 2 units with a spacious 2 bedroom, 1 bath downstairs and a 1 bedroom, 1 bath upstairs. Also includes a single car garage and a storage room, along with a separate 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 investment.
Price History
Date
Event
Price
10/22/25
Listing
$675,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,536 | 1,973 | 50% |
| Lot Size | 5,652 | 7,826 | 50% |
| Price | $675K | $788K | 50% |
| Price per square foot | $439 | $406 | 50% |
| Built year | 1891 | 9455981 | 50% |
| HOA | |||
| Days on market | 14 | 191 | 50% |
Condition Rating
Fair
This property, built in 1891, is well-maintained for its age, with a roof replaced in 2016 and updated flooring (laminate/vinyl plank) and paint in some areas. However, the kitchens in both units feature dated cabinets, basic older appliances, and laminate countertops. The property lacks central air conditioning, relying on window units and wall heaters, which is a significant drawback for modern comfort. While functional and 'turnkey' for tenants as described, the overall style and key systems (HVAC, kitchens, and likely bathrooms, which are not pictured) are outdated and would require minor to moderate updates to meet contemporary standards. It's aged but maintained, fitting the 'Fair' category.
Pros & Cons
Pros
Strong Investment Potential: This is a turnkey duplex with two fully leased units and fantastic long-term tenants who wish to stay, offering immediate and stable rental income for investors.
Prime Location: Strategically located close to the University of Redlands and downtown, ensuring high rental demand and convenience for tenants.
Well-Maintained Condition: The units are in great condition, the roof was replaced in 2016, and the lot is fully landscaped, indicating good upkeep and reduced immediate capital expenditures.
Tenant-Friendly Amenities: Features separate electricity meters for each unit, a shared laundry room with two washers and dryers, a single-car garage, and additional storage, enhancing tenant convenience and operational efficiency.
Aesthetic Appeal: The property offers desirable mountain views, adding to its overall attractiveness and potential tenant appeal.
Cons
Historic Property Age: Built in 1891, the property is over a century old, which may suggest potential for aging infrastructure (e.g., plumbing, electrical systems) that could require future maintenance or upgrades not explicitly detailed.
Limited Dedicated Parking: A single-car garage for a duplex (two units) may be insufficient for tenant parking needs, potentially leading to reliance on street parking or tenant inconvenience.
Unspecified HVAC System: The property description does not mention the presence or condition of a central heating or air conditioning system, which could be a significant factor for tenant comfort and utility costs, especially in the Redlands climate.