$548,000
●
House -
Off Market
501 Lemon Street
Redlands, CA 92374
3 Beds
1 Bath
1,148 Ft²
$2,775
Est. Monthly
About This Property
South Redlands, Turnkey single story three bedroom home with a
detached two car garage and no HOA - minutes from downtown,
Alberstons, and the University exit! Tucked in the back of the
beloved Lemon Lime streets, this 1950s ranch has been extensively
upgraded. Enter into the living room, flooded with light on
two sides from large windows, and you're greeted my a brick
fireplace and new Pergo flooring throughout. The updated kitchen
features white cabinets and quartz countertops - all appliances are
included. The bathroom has just been rebuilt, and features a
brand new vanity, light fixtures, and mirror. The entire home was
just professionally painted inside and out. A section one termite
clearance was also completed. Windows are dual pane.
The private, low maintenance backyard is fenced, and
accessible directly from the attached two car garage. The front and
side yard features several producing fruit trees. Excellent
location, just off of Cypress Ave but on a quiet street. It's
easy for downtown or the freeway. Excellent Redlands schools,
walkable to Redlands High School.
Unit Size
1,148 Ft²
Days on Market
67 days
Land Size
0.14 acres
Price per sqft
$492
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953
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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: 10 months ago (CRMLS #IG25243139)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 30, 2025 | Sold | ||
| Sold | |||
| Dec 2, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Price Decreased |
$565,000
↓ $9K
(1.6%) | |
| Price Decreased | |||
| Aug 4, 2025 | Listed by Shaw Real Estate Brokers | $574,000 | |
| Listed by Shaw Real Estate Brokers | |||
Property Highlights
Garage
Air Conditioning
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: JOSEPH SHAW, Shaw Real Estate Brokers
Last Updated: 10 months ago
Data Source: CRMLS, MLS# IG25243139
Last Updated: 10 months ago
Data Source: CRMLS, MLS# IG25243139
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