$372,500
●
House -
Off Market
214 Myrtle Street
Redlands, CA 92373
2 Beds
1 Bath
878 Ft²
$519,815
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
This adorable building is zoned for use as an office.It was an
accounting office in a past life and is now being used as a
single-family rental. As a home it is a 2 bedroom, 1 bath with
original Craftsmen built-ins. As an office the front was the
reception room with room for file cabinets and a printer. Then the
second office could be rented to another business. The kitchen
became the office lounge. This is truly downtown just across the
street from the YMCA.It is rented for $1625 per month and the
tenant pays all utilities. There are ten months remaining on the
lease.
Unit Size
878 Ft²
Days on Market
37 days
Land Size
0.11 acres
Price per sqft
$432
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1927
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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: 5 months ago (CRMLS #EV20144301)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2020 | Sold | ||
| Sold | |||
| Jul 21, 2020 | Listed by RITA SHAW BROKER & ASSOCIATES | $379,500 | |
| Listed by RITA SHAW BROKER & ASSOCIATES | |||
| Jun 2, 2020 | No longer available | - | |
| No longer available | |||
| May 26, 2020 | Listed | $379,500 | |
| Listed | |||
| | |||
|
This adorable building is zoned for use as an office.It was an accounting office in a past life and is now being used as a single-family rental. As a home it is a 2 bedroom, 1 bath with original Craftsmen built-ins. As an office the front was the reception room with room for file cabinets and a printer. Then the second office could be rented to another business. The kitchen became the office lounge. This is truly downtown just across the street from the YMCA.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About South Redlands
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Listed by: RITA SHAW, RITA SHAW BROKER & ASSOCIATES
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV20144301
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV20144301
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