$575,000
●
House -
Off Market
518 W Olive Avenue
Redlands, CA 92373
4 Beds
2 Baths
2,500 Ft²
$853,137
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model
About This Property
Built in 1904, Craftsman Home is Located in the HEART OF SOUTH
REDLANDS on a 9176 sq ft flat lot! Featuring 4 (or possible 5)
Bedrooms and 2 baths. Original hardwood floors, molding, and more
throughout. Newer kitchen that was remodeled 8 yrs ago. Forced Heat
& AC and dual pane windows upstairs. Electrical and Plumbing
partially updated, New Fence, 2 Car detached Garage plus Shed/
Workshop. Earthquake Retrofitting Bracing completed. PAID for Solar
Panels! Current owners have owned the home since 1972. This
home is completely live-able as is, but with some TLC can be
amazing. Priced accordingly. Possible multi unit or
multi family dwelling. You will have endless possibilities
with this Amazing home. CHECKOUT THE VIRTUAL TOUR AND
CLICK ON THE 3D WALKTHROUGH.
Actual on MLS date is 3/19.
Minutes from Downtown Redlands, Freeway, Gerrard's Market, Parks, Schools, Shopping and MORE!
Actual on MLS date is 3/19.
Minutes from Downtown Redlands, Freeway, Gerrard's Market, Parks, Schools, Shopping and MORE!
Unit Size
2,500 Ft²
Days on Market
64 days
Land Size
0.21 acres
Price per sqft
$240
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1904
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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 #EV20059932)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2020 | Sold | ||
| Sold | |||
| Feb 19, 2020 | Listed by KELLER WILLIAMS REALTY | $600,000 | |
| Listed by KELLER WILLIAMS REALTY | |||
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: MITCHELL WEISBERG, KELLER WILLIAMS REALTY
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV20059932
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV20059932
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