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610 E Lugonia Avenue, Redlands, CA 92374

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For Sale

$1,180,000

9 beds • 7 baths • 4,006 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $294.56
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

Welcome to the heart of Redlands! Generate income from 4 properties in a desirable neighborhood with a steady rental income stream. The property is conveniently located close to public transportation, highways, restaurants, schools, shopping centers, parks and major transportation routes. Residents will have easy access to all amenities. Building Features: unit # A, 3-bedroom, 2 bath & a fireplaces in the living room, and a small backyard by the kitchen back door. Unit # B, 2-bedroom 2 bathroom and a small size deck by the kitchen s back door area. Unit # C, 2-bedroom 2 bathroom and a small size of deck by the kitchen s back door area. unit # D, 2-bedroom, 1 bathroom very large living area for this unit and with a good size of deck above the laundry room. The rent is below market due to long-term tenants. Each unit has excellent surface planting, providing additional rental income potential for future growth. Each unit has individual electric and gas meters. All 4 units have their own garages, plus 3 covered parking spaces and 2 open parking spaces. Separate gas & electric meters in each unit tenant pays themself. Owner pays water and hot water tank gas bills. Each unit's tenant paid for their own electrical, gas bill. 4 gas meter and 4 electrical meters for each individual unit. Landlord has to pay for water and gas bill for hot water heater tank and laundry room services. Monthly HOA dues are $684. The HOA pays for dumpsters and normal gardening, conducts regular security patrols, and sets aside reserves to maintain the asphalt behind all buildings to provide a professionally maintained appearance.
MLS# WS24151457

Courtesy Of IRN Realty

(626) 447-5100

Property Features

  • Age
    31-40 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other

Map and Directions

Directions to 610 E Lugonia Avenue, Redlands, CA 92374

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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