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
0Bed
0Bath
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
TR25198483
Home ConditionExcellent
Features
Good View:
Patio
View-

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 (133 Listings)
Beds04
Baths03
Square foot2,4882,168
60%
Lot Size13,10412,636
51%
Price$1.15M$845K
77%
Price per square foot$462$389
81%
Built year19119810981
7%
HOA
Days on market63163
5%
Condition Rating
Excellent

This property features two distinct units. Unit 2 is a newly built ADU, which by definition is in excellent, brand-new condition with modern finishes, solar panels, and contemporary appliances. Unit 1, while built in 1911, has undergone extensive and thoughtful updates, including being recently rewired and re-piped, which are significant system upgrades. The images confirm that Unit 1's kitchen and bathrooms have been fully renovated with modern white shaker cabinets, quartz/solid surface countertops, stainless steel appliances (dishwasher, range hood), modern fixtures, and stylish tiling. The flooring throughout Unit 1 is well-maintained hardwood. Both units present as virtually new or extensively renovated within the last 5 years, meeting current quality standards with no apparent deferred maintenance.
Pros & Cons

Pros

Dual Income/Multi-Generational Potential: The property features two separate homes on one lot, offering significant flexibility for multi-generational living or substantial rental income generation.
Prime Downtown Redlands Location: Situated on a highly sought-after street in desirable Downtown Redlands, providing convenient access to the University, cultural attractions, shopping, dining, and city services.
Newly Constructed ADU with Modern Amenities: Unit 2 is a newly built 1,200 sq. ft. ADU with 3 beds/2 baths, featuring paid-off solar panels and a modern electric range, ensuring energy efficiency and contemporary living.
Updated Historic Charm (Unit 1): The front house (Unit 1), built in 1911, retains classic Redlands character while benefiting from recent essential updates including rewiring and re-piping for peace of mind.
Excellent Accessibility & Recreation: Offers convenient freeway access and is only 30 minutes from Big Bear, providing easy access to year-round recreational activities.

Cons

Shared Water Meter: Both Unit 1 and Unit 2 share a single water meter, which could complicate individual utility billing and management for separate tenants or multi-generational living.
Age of Front House: Despite recent updates, the front house (Unit 1) was built in 1911, which may lead to ongoing maintenance considerations or less modern insulation/energy efficiency compared to newer construction.
Listing Price vs. Estimated Value: The current listing price is notably higher than the property's estimated value, which may require a strong justification for the premium or indicate potential overvaluation.

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