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31016 E Sunset Drive N
About This Property
Designed to embrace its spectacular setting, the light-filled floor plan features 3 bedrooms, 2 beautifully updated bathrooms, warm Saltillo tile, two fireplaces, and seamless indoor-outdoor living. Unwind in the backyard spa as the city lights sparkle below, or wander through your own private orchard featuring an extraordinary collection of mature fruit trees. With 9 water shares, the possibilities for gardening and outdoor living are endless.
Thoughtful recent upgrades include a newer roof, newer HVAC system and ducting, septic system (2022), tankless water heater (2023), electrical panel (2024), EV charging hookup, and a hard-wired security camera system-offering modern efficiency and peace of mind.
Located within the highly sought-after Mariposa Elementary boundaries and just minutes from downtown Redlands, this is a rare blend of privacy, views, lifestyle, and value in one of the city's most desirable 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 |
|---|---|---|---|
| Aug 19, 2026 | Sold | ||
| Sold | |||
| Aug 11, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Listed by RE/MAX ADVANTAGE | $849,999 | |
| Listed by RE/MAX ADVANTAGE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017