1251 W Crescent Avenue
About This Property
Nestled in the highly desirable South Redlands neighborhood of Crescent Heights, this stunning and well-maintained 3-bedroom home sits on an oversized private corner lot and boasts breathtaking views of the San Bernardino and San Gabriel Mountains. This home offers many features, including original wood floors, vaulted wood beam ceilings, large windows throughout to maximize natural light and stunning views, an updated kitchen with a center island, a custom-built-in kitchen banquette, granite countertops, a sparkling solar-heated pool and jacuzzi, a private upper deck to enjoy the sunrise and sunset views, and a paid-off 6.75 kW solar system to reduce or eliminate your electric bills. The large master suite includes a luxurious en-suite bath. Additional features include RV parking access, a large detached shed for extra storage or a workshop, and raised garden planter boxes. Enjoy everything that Redlands has to offer, including top-rated schools and nearby Redlands University and LLUMC (Loma Linda University Faculty Medical Group), only five miles away. Experience summer concerts at the Redlands Bowl, plenty of shopping and restaurant options, and easy access to the mountains for hiking in the summer or skiing and snowboarding in winter.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 16, 2025 | Sold | ||
| Sold | |||
| Mar 10, 2025 | Listed by Wyman Real Estate | $925,000 | |
| Listed by Wyman Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017