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Listing 7 out of 173
$749,900 Active Under Contract

1250 Tribune Street
Redlands, CA 92374

4 units | Multi Family Home
12388 sq ft - MLS# PW18245911
Property Photo
1/18

Description

One of the best, "Covington Style" 4-Units in the area on a prime corner lot with abundant parking and stable tenants. Excellent cash-flow and plenty of upside on rents. Current income is $4560 per month (with laundry income) and the pro-forma is $5310. Well maintained units, built in 1981 and a low cost per square foot. Separate electric and gas meters for each unit and a great bed/bath mix which consists of a 3 bed, 2 bath unit and three 2 bedroom units. All 4 units have its own detached garage + carport or uncovered parking space. The landscaping and the carports are managed by the HOA. Conveniently located near public transportation, freeways, shops, restaurants and more. Located in close proximity to Redlands University, Loma Linda University, Loma Linda Hospital, 10 & 210 freeways.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active Under Contract
  • Zip Code: 92374
  • Year Built: 1981
  • Stories: Two
  • Units: 4 units
  • # of Parking Spaces: 9.00
  • Fireplace: Family Room,Gas, Yes
  • Lot Size: 12388 sq ft
  • Area: 268 - Redlands
  • Appliances: Electric Range, Water Heater Unit
  • Appliances YN: Yes
  • Association Amenities: Maintenance Grounds, Dues Paid Monthly
  • Association Fee: 360.00
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 4006.00
  • Building Area Units: Square Feet
  • Cap Rate: 4.40
  • Carport Spaces: 3.00
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Gutters, Sidewalks, Suburban
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: Intersection of Tribune & Lugonia
  • Electric Expense: 660.00
  • Flooring: Carpet, Tile
  • Foundation Details: Slab
  • Fuel Expense: 624.00
  • Garage Spaces: 4.00
  • Gross Income: 54720.00
  • Gross Scheduled Income: 54000.00
  • Heating: Forced Air
  • Heating YN: Yes
  • Insurance Expense: 1854.00
  • Laundry Equipment Own Lease: Own
  • Laundry Features: Community
  • Laundry Income: 720.00
  • Laundry YN: Yes
  • Listing Agent License: 01862860
  • Listing Office License: 01991628
  • Lot Features: Corner Lot, Lawn, Level with Street, Lot 10000-19999 Sqft, Lot Shape-Rectangular, Lot-Level/Flat, Near Public Transit, Patio Home, Value In Land, Walkstreet
  • Lot Size Area: 12390.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 2400.00
  • Net Operating Income: 32275.00
  • New Taxes Expense: 8867.70
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Operating Expense: 21725.00
  • Other Expense: 4320.00
  • Other Expense Description: HOA
  • Parking Features: Carport, Garage, Uncovered
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
  • Roof: Shingle
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: Sewer Assessments
  • Stories Total: 2
  • Total Actual Rent: 4500.00
  • Total Expenses: 21725.70
  • Uncovered Spaces: 2.00
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: 3000.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Compass Newport Beach, Philip Kang

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The Mission Company
CalBRE #01380867
31258 Endymion Way
Redlands, CA 92373

Eugene Lowmaster
BRE #01512428
909-307-1225 ext. 2

lowmaster210@yahoo.com

The Mission Company, Inc. | BRE 01380867 | NMLS 1562962 | 909-307-1225 office 909-307-1224 fax | lowmaster210@yahoo.com
31258 Endymion Way, Redlands CA 92373
Copyright © 2015. Yolanda Lowmaster, All Rights Reserved