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Listed by Joe Marroquin, DRE #01332311 • Realty Masters & Associates
$ 1,099,999
Est. payment /mo
Price Dropped by $75K
1140 Oxford DR Redlands, CA 92374
0.28 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIG26177530
HOA Fees $718
Year Built 1985
Lot Size 0.275 Acres
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Excellent investment opportunity in the heart Redlands! This well-maintained quadruplex features four separate units, including two spacious 3-bedroom, units and two spacious 2-bedroom units, offering a desirable mix of floor plans. The property has recently been updated with a new roof, new exterior paint, and new PEX plumbing throughout, providing several important improvements for the next owner. Each unit has its own garage and covered carport, providing residents with convenient covered parking, along with additional off-street parking. A centrally located community laundry room adds another convenience for tenants. Excellent value-add opportunity with four spacious units and current gross rental income of $81,288 annually. Actual NOI is $50,158. Current rents offer approximately $2,200 per month in potential upside, providing investors an opportunity to increase income through future rent growth. The property is ideally located with easy access to Downtown Redlands for shopping, dining, and entertainment, along with convenient freeway access and close proximity to the University of Redlands. With four separate units, recent improvements, ample parking, and a desirable location, this property presents an excellent opportunity for an investor looking to add a multifa
Location
State CA
County San Bernardino
Area 268 - Redlands
Rooms
Kitchen Dishwasher, Garbage Disposal, Oven Range - Gas
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Laminate
Laundry Laundry Area, Washer/Dryer - Owned, Community Facility
Exterior
Parking Features Assigned Spaces, Carport , Garage, Parking Area
Garage Spaces 12.0
Pool 31, None
View Hills, Local/Neighborhood
Roof Type Composition
Building
Water Hot Water, District - Public
Others
Tax ID 0167271440000
Special Listing Condition Not Applicable

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