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610 E Lugonia Avenue, Redlands, CA 92374

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For Sale

$1,170,000

9 beds • 7 baths • 4,006 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $292.06
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

Welcome to the heart of Redlands! Generate income from 4 properties in a desirable neighborhood with a steady rental income stream. The property is conveniently located close to public transportation, highways, restaurants, schools, shopping centers, parks and major transportation routes. Residents will have easy access to all amenities. Seller replaced all units plumbing work and termite work. Unit Features: Unit # A: 3-bedrooms, 2 bathrooms, and a cozy fireplace in the living room. Unit # B, 2-bedrooms and 2 bathrooms and a small size of patio off the kitchen. Unit # C, 2-bedrooms and 2 bathrooms and a deck off the kitchen. Unit D: 2 bedrooms and 1 bathroom, with a spacious living area and a deck above the laundry room. Rental Income, Rents are below market due to long-term tenants. Each unit has an excellent floor plan that provides additional rental income potential for future growth. Each unit has its own electric and gas meters. Landlord pays, water & gas bill for the hot water tank for all 4 units and the laundry area. Monthly HOA dues are $718. The HOA pays for dumpsters and normal gardening, conducts regular security patrols, and sets aside reserves to maintain the asphalt behind all buildings to provide a professionally maintained appearance.
MLS# WS25085542

Courtesy Of IRN Realty

(626) 447-5100

Property Features

  • Age
    31-40 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 610 E Lugonia Avenue, Redlands, CA 92374

Home seller CENTURY 21 Lois Lauer Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Lois Lauer Realty

(909) 748-7000
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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