$565,000
●
House -
Off Market
638 Cypress Circle
Redlands, CA 92373
2 Beds
1 Bath
990 Ft²
$2,785
Est. Monthly
About This Property
Price Improvement! Classic South Redlands craftsman bungalow style
home with a detached two car garage and a private yard on Cypress
Circle! Built in 1926, this absolute charmer features a comfortable
layout, tremendous character, and a killer location. You're
greeted by a front lawn and sizable front porch. Enter into
the living room with a brick fireplace, built in book shelves, and
real hardwood floors - all flooded with natural light! Dining is
adjacent, and features windows that lead out to the private
backyard. The vintage kitchen is winged by indoor laundry
with an adjacent storage closet. The bedrooms are on the opposite
side of the house, and separated by a hallway and a full bathroom.
There is new interior and exterior paint and brand new
carpets. Heading out back, you'll find a sizable private yard
and an oversized, detached two car garage. Cypress Circle is
a very unique street. It features sidewalks in the center of
the roadway, and is lined with Italian Cypress trees. It's
very private, but still in very close proximity to Albertsons,
Starbucks, and downtown. Excellent Redlands schools.
Unit Size
990 Ft²
Days on Market
75 days
Land Size
0.14 acres
Price per sqft
$573
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: 12 months ago (CRMLS #IG25186154)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Oct 2, 2025 | Price Decreased |
$567,000
↓ $15K
(2.6%) | |
| Price Decreased | |||
| Sep 10, 2025 | Price Decreased |
$582,000
↓ $15K
(2.5%) | |
| Price Decreased | |||
| Jul 9, 2025 | Listed by Shaw Real Estate Brokers | $597,000 | |
| Listed by Shaw Real Estate Brokers | |||
Property Highlights
Garage
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: 12 months ago
Data Source: CRMLS, MLS# IG25186154
Last Updated: 12 months ago
Data Source: CRMLS, MLS# IG25186154
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