$579,000
●
House -
Off Market
616 Monterey Street
Redlands, CA 92373
2 Beds
1 Bath
1,140 Ft²
$2,843
Est. Monthly
About This Property
Single story, South Redlands Spanish Revival home with a detached
garage on a quiet street. Built in 1926 and located just blocks
from Gerrards Market and Side Door Coffee, this charming home is an
excellent example of Redlands diverse architecture. You're greeted
by a covered front patio that leads you into the living room with
windows on two separate walls. A sizable kitchen with eat in dining
and a pantry is opposite the two bedrooms. There is a full
bathroom, and a large bonus room on the back of the home - perfect
for a home office, play room, or possibly a third bedroom. The home
has central heat and air. The lot is over 5000 square feet, and
features both a detached garage and a sizable lawn. This is a very
walkable location. Excellent Redlands Schools.
Unit Size
1,140 Ft²
Days on Market
74 days
Land Size
0.12 acres
Price per sqft
$508
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1926
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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: 8 months ago (CRMLS #IG26002950)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 23, 2026 | Sold | ||
| Sold | |||
| Feb 21, 2026 | In contract | - | |
| In contract | |||
| Jan 30, 2026 | Price Decreased |
$579,000
↓ $18K
(3%) | |
| Price Decreased | |||
| Oct 15, 2025 | Listed by Shaw Real Estate Brokers | $597,000 | |
| Listed by Shaw Real Estate Brokers | |||
| Jun 23, 2025 | Listed | $615,000 | |
| Listed | |||
| | |||
|
Single story, South Redlands Spanish Revival home with a detached garage on a quiet street. Built in 1926 and located just blocks from Gerrards Market and Side Door Coffee, this charming home is an excellent example of Redlands diverse architecture. You're greeted by a covered front patio that leads you into the living room with windows on two separate walls. A sizable kitchen with eat in dining and a pantry is opposite the two bedrooms. There is a full bathroom, and a large bonus room on the back of the home - perfect for a home office, play room, or possibly a third bedroom. The home has central heat and air. The lot is over 5000 square feet, and features both a detached garage and a sizable lawn. This is a very walkable location. Excellent Redlands Schools.
| |||
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: 8 months ago
Data Source: CRMLS, MLS# IG26002950
Last Updated: 8 months ago
Data Source: CRMLS, MLS# IG26002950
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