49 Summit Avenue
About This Property
Featuring four spacious bedrooms and four beautifully appointed bathrooms, the home is centered around a private courtyard with a sparkling pool and outdoor fireplace-perfect for seamless indoor-outdoor living. Inside, you'll find rich wood beam ceilings, arched doorways, and hand-painted tiles in the bathrooms that highlight the home's authentic charm.
Indoor and outdoor fireplaces create warm, inviting spaces, while the open layout offers exceptional flow for both everyday comfort and sophisticated entertaining. This exceptional property blends Old World craftsmanship with the character and soul of one of Redlands' most beloved 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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| Jun 2, 2025 | In contract | - | |
| In contract | |||
| Jan 1, 2025 | Listed by eXp Realty of Southern California | $1,390,000 | |
| Listed by eXp Realty of Southern California | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017