323 E Colton, Redlands, California 92374, Redlands, - bed, bath
ACTIVE$675,000
323 E Colton, Redlands, California 92374
3Beds
2Baths
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
IV25247912
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
Fantastic opportunity to purchase a turnkey home plus attached ADU, close to the University of Redlands and downtown. This rare opportunity offers a spacious 2 bedroom, 1 bath downstairs and a completely separate 1 bedroom, 1 bath ADU upstairs. Also includes a single car 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 if possible. This is an excellent investment opportunity!
Price History
Date
Event
Price
10/28/25
Listing
$675,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (180 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,536 | 1,608 | 45% |
| Lot Size | 5,652 | 7,087 | 37% |
| Price | $675K | $600K | 75% |
| Price per square foot | $439 | $357 | 78% |
| Built year | 1891 | 1986 | 1% |
| HOA | |||
| Days on market | 7 | 173 | 1% |
Condition Rating
Fair
Built in 1891, this property is aged but appears well-maintained with some updates, such as a roof replacement in 2016 and newer LVP/laminate flooring in some areas. However, the kitchens feature dated white cabinets, basic laminate countertops, and older white appliances. The property lacks central heating and air conditioning, relying on window AC units and wall heaters, which are significant outdated features. While functional and described as 'great condition,' it requires minor updates and modernization, particularly in the kitchens, bathrooms (implied), and HVAC systems, to meet current quality and comfort standards.
Pros & Cons
Pros
Attached ADU & Income Potential: Features a completely separate 1-bedroom, 1-bath ADU, offering significant rental income potential or flexible multi-generational living arrangements.
Turnkey Condition: Described as a 'turnkey home' with units in 'great condition,' minimizing immediate renovation or repair costs for a new owner.
Strategic Location: Situated close to the University of Redlands and downtown, enhancing rental demand and convenience for residents.
Independent Utilities: Equipped with separate electricity meters for each unit, simplifying tenant billing and management.
Established Tenancy: Benefits from fantastic long-term tenants who wish to remain, providing immediate and stable rental income.
Cons
Historic Property Maintenance: Built in 1891, the property's age may lead to higher long-term maintenance costs or require updates to older systems not explicitly mentioned.
Valuation Discrepancy: The listing price is approximately 10% above the current property estimation, which could impact buyer perception or financing.
Limited Dedicated Parking & Shared Facilities: A single-car garage for two units and a shared laundry room may present minor inconveniences for tenants or limit parking options.