76 San Gorgonio, Redlands, California 92373, Redlands, - bed, bath
ACTIVE$415,000
76 San Gorgonio, Redlands, California 92373
2Beds
1Bath
838Sqft
4,550Lot
Year Built
1938
Close
-
List price
$415K
Original List price
$415K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25243269
Home ConditionPoor
Features
Patio
View-
About this home
Investor Special- Cash Only - Drive by only property—perfect for investors or cash buyers looking for their next project. Seller will make no repairs and property being sold "AS-IS". Cash offers only. Will not qualify for a Standard Convectional, FHA or VA loan. Rehab loans may be possible. No property inspection prior to offers. Purchase is subject to inspection. Do not go onto the property or attempt to go in.
Price History
Date
Event
Price
10/28/25
Listing
$415,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (137 Listings) | |
|---|---|---|---|
| Beds | 2 | 4 | 7% |
| Baths | 1 | 3 | 7% |
| Square foot | 838 | 2,130 | 2% |
| Lot Size | 4,550 | 11,950 | 6% |
| Price | $415K | $833K | 1% |
| Price per square foot | $495 | $389 | 86% |
| Built year | 1938 | 9810981 | 15% |
| HOA | |||
| Days on market | 8 | 160 | 1% |
Condition Rating
Poor
Built in 1938, this property is explicitly marketed as an 'Investor Special' and 'Cash Only,' indicating significant issues. The images confirm this, showing an extremely outdated kitchen with original-era appliances and tile, and a bathroom with fixtures and finishes from decades past. The flooring is heavily worn, and there's no central cooling. The overall condition suggests major systems are likely at the end of their lifespan, requiring substantial repairs and rehabilitation, consistent with a 'poor' rating.
Pros & Cons
Pros
Targeted Investor Opportunity: Explicitly marketed as an 'Investor Special' and 'perfect for investors or cash buyers looking for their next project,' attracting a specific market segment seeking value-add opportunities.
Desirable Location: Located in Redlands, a well-regarded city known for its community and served by the Redlands Unified high school district, which can support future property value.
Significant Value-Add Potential: The 'AS-IS' condition and stated need for a 'project' present a substantial opportunity for a buyer to create significant equity through a comprehensive renovation and modernization.
Generous Lot Size: A 4550 sqft lot for an 838 sqft home provides ample space for potential expansion, landscaping, or outdoor amenities, enhancing the property's appeal post-renovation.
Cash Transaction Efficiency: For qualified cash buyers, the 'cash only' requirement can lead to a faster, more streamlined closing process without the delays associated with traditional financing.
Cons
Severe Financing Limitations: The 'Cash Only' requirement and inability to qualify for standard conventional, FHA, or VA loans drastically restrict the potential buyer pool, making it a niche market property.
Extensive Renovation Required: Being sold 'AS-IS' with 'no repairs' and described as a 'project' indicates substantial deferred maintenance and significant capital investment needed for a full rehabilitation.
Restricted Access & Due Diligence: The 'drive by only' and 'no property inspection prior to offers' clauses create significant risk for buyers, limiting their ability to fully assess the property's internal condition before committing to an offer.