$471,000
●
House -
Off Market
238 Myrtle Street
Redlands, CA 92373
3 Beds
1 Bath
1,088 Ft²
$2,195
Est. Monthly
About This Property
Great opportunity in South Redlands walking distance to downtown
shops and dining! This property offers all the charms of a
classic Redlands home, with room to make it your own! The
entry begins at a spacious front porch, great to accommodate a
bench or small table and chairs for enjoying your morning coffee.
Enter into a light and bright living room featuring original
bay windows. Home features wood flooring throughout. The
first bedroom branches off the living room, and a formal dining
room sits between the living room and kitchen space. The two
additional bedrooms both connect to the pass through bathroom with
a clawfoot tub and characteristic tile and wall paneling. An
expansive yard would be ideal for building a pool or enjoying a
garden; there is also great potential for an ADU or a sizable
garage! On the side of the home, a gated covered carport is wired
for electric car charging. The location is directly across
the street from the YMCA, and just down the street from Citrone
Italian Chophouse. Excellent Redlands Schools. The home is ready
for some repairs and renovations, and is being sold strictly as is.
Unit Size
1,088 Ft²
Days on Market
35 days
Land Size
0.18 acres
Price per sqft
$411
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1801
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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: 2 years ago (CRMLS #IG25140425)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2025 | Sold | ||
| Sold | |||
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Listed by Shaw Real Estate Brokers | $447,000 | |
| Listed by Shaw Real Estate Brokers | |||
Property Highlights
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
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About South Redlands
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Listed by: JOSEPH SHAW, Shaw Real Estate Brokers
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IG25140425
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IG25140425
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