610 E Lugonia AVE #4 Active

Redlands,CA 92374

$ 1180000

- Bed

- Bath

4006 SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,006 sqft

Price per Sqft $294

MLS Listing ID WS24151457

HOA Y/N Yes

Year Built 1985

Lot Size 0.303 Acres

Acres 0.303

Property Description

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. Seller replaced all units plumbing work and termite work. Unit Features:
Unit # A: 3-bedrooms, 2 bathrooms, and a cozy fireplace in the living room.
Unit # B, 2-bedrooms and 2 bathrooms and a small size of patio off the kitchen.
Unit # C, 2-bedrooms and 2 bathrooms and a deck off the kitchen.
Unit D: 2 bedrooms and 1 bathroom, with a spacious living area and a deck above the laundry room.
Rental Income, Rents are below market due to long-term tenants. Each unit has an excellent floor plan that provides additional rental income potential for future growth. Each unit has its own electric and gas meters. Landlord pays, water & gas bill for the hot water tank for all 4 units and the laundry area.
Monthly HOA dues are $718. 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.

Location

State CA

County San Bernardino

Area 268 - Redlands

Interior

Cooling Central Air

Laundry Individual Room

Exterior

Garage Spaces 4.0

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description Front Yard

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Confidential INFO

TERMS Cash To New Loan

LIST AGRMT Seller Reserved

LIST SERVICE Limited Service

PRIVATE REMARKS Drive by only, all units are occupied by tenants. Seller will provide all utility bills when offer received.

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Helen Chan

SHOW CONTACT PH 6266323688

SHOW INSTRUCTIONS Please, drive by only, tenants fully occupied. Can be showing but need to give seller 48 hour to notify the tenants, weekend viewing is best for tenant's cooperation. HOA fee will be $718 per month, starting in Jan/2025

View More
Favorite Go Tour