133 Rainbow Lane
About This Property
The downstairs level includes a versatile bedroom currently used as an office, a full bathroom, and a convenient laundry room with a washer and dryer included. The three-car garage offers ample space, outside, the backyard is an entertainer's paradise, surrounded by stunning palm trees that frame the property beautifully, complete with a covered patio, firepit, BBQ island, spa, and a variety of fruit trees. With plenty of space for a pool, this outdoor haven is perfect for enjoying Southern California's finest weather.
Upstairs, the master suite is a true retreat, boasting double doors, a walk-in closet, an additional separate closet, and a luxurious bathroom with a soaking tub and separate shower. All upstairs bedrooms are generously sized, each featuring walk-in closets. Overlooking the formal living and dining rooms, the open hallway adds to the grandeur of this home.
With a tile roof, shutters and blinds throughout, all appliances, and even a jeweler's safe included, this home offers the perfect blend of elegance and functionality. Don't miss your chance to own this exceptional property in one of Redlands' most coveted neighborhoods.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 11, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $999,900 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017