511 Unit 1&2 Alvarado Street, Redlands, California 92373, Redlands, - bed, bath

home-pic
ACTIVE$1,149,999
511 Unit 1&2 Alvarado Street, Redlands, California 92373
6Beds
5Baths
2,488Sqft
13,104Lot
Year Built
1911
Close
-
List price
$1.15M
Original List price
$1.19M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
TR25196297
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Two properties on one lot! Prime Location on One of the Most Sought-After Streets in Redlands! A rare opportunity featuring two separate homes on one lot – ideal for multi-generational living or rental income. The front House (Unit 1) is approximately 1,300 sq. ft. with 3 bedrooms and 2.5 bathrooms. It retains classic Redlands character with thoughtful updates and has been recently rewired and re-piped for added peace of mind. The back House (Unit 2 – Newly Built ADU) is 1,200 sq. ft. with 3 bedrooms and 2 bathrooms, newly constructed with paid-off 8 solar panels and a modern electric range, designed with contemporary finishes for comfort and efficiency. Located in desirable Downtown Redlands, this property is close to the University of Redlands, restaurants, shopping, the historic Redlands Bowl outdoor amphitheater – home to one of the nation’s oldest free summer concert series -- the Lincoln Shrine Museum, library and city hall. Convenient freeway access provides easy connections, with Big Bear only 30 minutes away for year-round recreation. This unique property combines historic charm and modern construction in a highly sought-after neighborhood within the Redlands Unified School District, with Redlands Senior High School as the assigned high school (buyer to verify). Unit 2 has a separate electrical panel. Unit 1 with gas range, unit 2 with electric range per city code, shared water meter.

Price History

Date
Event
Price
10/31/25
Price Change
$1,149,999-3.4%
09/03/25
Listing
$1,190,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (137 Listings)
Beds64
96%
Baths53
95%
Square foot2,4882,155
62%
Lot Size13,10412,000
53%
Price$1.15M$838K
78%
Price per square foot$462$389
80%
Built year19119810981
7%
HOA
Days on market63160
7%
Condition Rating
Excellent

This property features two units, one of which is a newly built ADU with contemporary finishes, modern appliances, and paid-off solar panels, qualifying it as excellent. The main house, built in 1911, has undergone extensive recent renovations, including being rewired and re-piped, and boasts updated kitchens and bathrooms with modern cabinets, quartz countertops, and contemporary fixtures. The overall condition, combining a brand-new unit with a thoroughly updated historic home, meets the criteria for excellent quality with minimal physical depreciation and no deferred maintenance.
Pros & Cons

Pros

Income/Multi-Generational Potential: Rare opportunity with two separate homes on one lot, ideal for multi-generational living or significant rental income potential.
Prime Downtown Location: Situated on a sought-after street in desirable Downtown Redlands, close to the University, dining, shopping, cultural venues, and freeway access.
Modern ADU with Solar: The newly built 1,200 sq. ft. ADU (Unit 2) features contemporary finishes, a separate electrical panel, and paid-off solar panels for energy efficiency.
Updated Historic Charm: The front house (Unit 1), built in 1911, retains classic Redlands character while benefiting from recent essential updates including rewiring and re-piping.
Desirable School District: Located within the highly regarded Redlands Unified School District, a strong selling point for families.

Cons

Shared Utilities: The property has a shared water meter, which could lead to complexities in billing and usage management between the two units.
Age of Primary Residence: Despite updates, the 1911 construction of the front house (Unit 1) may still present ongoing maintenance considerations typical of older homes.
Potential Overpricing: The current listing price is approximately 10% higher than the estimated property value, which could impact market appeal and time on market.

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