Welcome to 1619 South Wabash, a radiantly updated, one-owner
Redlands estate where spacious living, sweeping mountain and city
light views, and resort-style amenities come together. Built in
2006, the home offers soaring ceilings, multiple living areas, an
office, two primary suites, a main-level bedroom, and several
fireplaces that bring warmth and character throughout. At the heart
of the home, the kitchen features granite countertops, a generous
center island, six-burner range, double ovens, and an open
connection to the family room. Step outside to your own private
retreat, where a saltwater pool and spa, covered and wraparound
patios, an outdoor fireplace, and a barbecue area create the
perfect setting for entertaining or simply taking in the views.
Surrounded by beautifully landscaped grounds, the property also
features a leased solar system, a three-car garage, ample
additional parking, and a location within the Mariposa Elementary
attendance area. With its inviting indoor and outdoor spaces, this
estate offers an exceptional opportunity to enjoy the Southern
California lifestyle.
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.
Interior Features: Breakfast Bar, Built-in Features, Tray Ceiling(s), Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Pantry, Stone Counters, Recessed Lighting, Storage, Wired for Sound, Walk-In Closet(s), Balcony, BreakfastArea, MultipleStaircases, SolidSurfaceCounters, BedroomOnMainLevel, JackAndJillBath, MultiplePrimarySuites, PrimarySuite
Appliances: Convection Oven, Double Oven, Dishwasher, Gas Range, Microwave, Refrigerator, Range Hood, Warming Drawer, SixBurnerStove
Flooring Type: Carpet, Laminate, Tile
Door Features: French Doors, PanelDoors
Laundry Features: Inside, Laundry Room
Has Fireplace
Fireplace Features: Gas, Living Room, Masonry, Bedroom, Outside, See Through, Wood Burning, MultiSided
Exterior Details
Square Footage: 4318
Square Footage Source: $0
Security Features: Prewired, Security System, Fire Sprinkler System, Smoke Detector(s)
Property Condition: Updated/Remodeled, Turnkey
Architectural Style: Contemporary
Year Built Source: Public Records
Year Built: 2006
Levels: Two
Window Features: Blinds, Double Pane Windows
Construction Materials: Stucco, Wood Siding
Patio and Porch Features: Covered, Front Porch, Patio, Wrap Around, Concrete
Pool Features: In Ground, Private, Salt Water, Pebble
Pool is Private
Lot Features: Back Yard, Front Yard, Garden, Sprinklers In Rear, Sprinklers In Front, Landscaped, Paved, Rolling Slope, Sloped Up, DripIrrigationBubblers, Lawn, SprinklersTimer, SprinklersOnSide, SprinklerSystem, Yard
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