tomo logo

$649,000

Beds
5
Baths
3.0
sq ft
1,866

1207 6th St, Redlands, CA 92374

1207 6th St

Redlands, CA 92374

  • 2 days on market
    • Open house Jan 25
Fantastic Investment Opportunity in Redlands – Turnkey Multi-Unit Property with GREAT RENT POTENTIAL! This income-generating property offers a prime opportunity for investors looking to expand their portfolio with two beautifully maintained homes, each with its own entrance and outdoor space. The front house features 3 bedrooms and 2 bathrooms, with PLUMBING and ELECTRICAL SYSTEMS UPDATED along with a BRAND NEW ROOF. It boasts an open layout filled with natural light as well as spacious bedrooms and laundry inside. With reliable tenants are already in place, ensuring steady cash flow. The back house has been NEWLY CONVERTED with all NEW CONSTRUCTION. It offers 2 bedrooms and 1 bathroom, with an open, modern floor plan and private laundry inside. It also has a separate entrance and private patio, offering added privacy. Both homes are conveniently located near Downtown Redlands, providing easy access to shopping, dining, and entertainment—making it a desirable spot for tenants. With minimal maintenance and high rental demand, this property presents a fantastic investment opportunity. Don’t miss out on adding this turnkey multi-unit property to your portfolio!

Details

Property type

Single Family Residence

Est. home value

$509,990

Lot size

6,500 sq ft

Price per sq ft

$348

Year built

1907

HOA

No

Price History

01/21/2025
CRMLS

CRMLS #CV25009226

Listed
$649,000
+24.81%
01/31/2024
CRMLS

CRMLS #DW23166905

Sold
$520,000
01/11/2024
CRMLS

CRMLS #DW23166905

Pending
$520,000

Schools & Community

Elementary school: 

Lugonia

Middle school: 

Moore

High school: 

Unknown

Community features: 

Curbs, Suburban, Sidewalks

High school district: 

Redlands Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$107,824
Asking price
$649,000
Closing costs (~8% of asking)
-$51,920
Est. remaining loan balance
-$489,256
Cash to seller
$107,824

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Secure Choice Lending

Loan start date

January 2024

Original loan amount

$494,000

Est. remaining balance

$489,256

Interest rate

7.29%

Loan type

New Conventional, 30 year

Seller

Marco Antonio Martinez

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/23/2025 at 5:10 AM

Listing updated: 01/22/2025 at 7:19 PM

Listed by: Rossmery Rodriguez, OMEGA REAL ESTATE Phone #: (909) 291-9494

MLS: CRMLS #CV25009226

CRMLS logo

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