$735,000
●
House -
Off Market
1001 Pomelo Ave.
Redlands, CA 92374
4 Beds
2 Baths
2,106 Ft²
$3,763
Est. Monthly
$85
HOA / Fees
About This Property
This is a rare opportunity to own a modern, newly built
single-story home with an exceptionally LOW TAX RATE of
approximately 1.23%, offering significant savings compared to
nearby new construction. Featuring the most highly desired sold out
floorplan released by the builder, this rare single-level layout
blends comfort, functionality, and long-term appeal. With no front
neighbors, the home enjoys unobstructed mountain views and enhanced
privacy. Inside, the open-concept kitchen highlights a huge
island-perfect for hosting gatherings or enjoying casual family
meals. The drought-friendly backyard is thoughtfully designed with
low-maintenance turf and freshly poured concrete, providing a
practical and easy-to-enjoy outdoor space. Equipped with 10 solar
panels, the home delivers energy efficiency, LOW utility costs, and
a more sustainable lifestyle. Ideally located just minutes from
Downtown Redlands, Citrus Valley High School, and the University of
Redlands, it's perfectly suited for both lifestyle and investment.
Commuters will appreciate the quick access to the 210 and 10
freeways, making daily travel effortless.
Unit Size
2,106 Ft²
Days on Market
55 days
Land Size
0.17 acres
Price per sqft
$356
Property Type
House
Property Taxes
-
HOA Dues
$85
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 8 months ago (CRMLS #CV26003224)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 3, 2026 | Sold | ||
| Sold | |||
| Jan 31, 2026 | In contract | - | |
| In contract | |||
| Dec 29, 2025 | Listed by REALTY MASTERS & ASSOCIATES | $749,000 | |
| Listed by REALTY MASTERS & ASSOCIATES | |||
| Oct 21, 2025 | Price Decreased |
$750,000
↓ $35K
(4.5%) | |
| Price Decreased | |||
| Jul 2, 2025 | Price Decreased |
$785,000
↓ $30K
(3.7%) | |
| Price Decreased | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
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Closing Price
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HOA + Taxes
About Northwest Redlands
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Listed by: Erin Rios, REALTY MASTERS & ASSOCIATES
Last Updated: 8 months ago
Data Source: CRMLS, MLS# CV26003224
Last Updated: 8 months ago
Data Source: CRMLS, MLS# CV26003224
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