Sold for $1,250,000

Listed by: Berkshire Hathaway Homeservices California Realty • COLEEN WESSEL • Contact: 909-583-9600

Bought with: GUARDIAN REALTY

$1,250,000

1128 W Palm Ave, Redlands, CA 92373

9beds

89baths

8,709sqft

Mixed Use

Built in 1930

-- sqft lot

$1,462,400 Zestimate^®

$144/sqft

$1,659 Estimated rent

Home value

$1,462,400

$1.18M - $1.77M

$1,659/mo

Zestimate^® history

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$1,659/mo

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$7,872/mo

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What's special

Drive by only! Cash offers, Property sold As Is. Sale includes a total of 4 APN#: #1) victorian home with 5 units: 4- 1 bed/ 1 bath and 1 studio. land use is Apartment 5-14 units, #2) Quadplex: 2 studio, 1 -1 bed/ 1 bath, 1- 2 bed/ 1 bath. land use is quad ( there is a community laundry in this building) #3) 8 unit apartment: land use apartment 5-14 units. 6- studio's, 2- 1 bed/ 1 bath. #4) vacant land. The total combined lot size is approx 1.41 acres. Street addresses are 1122 W Palm Ave and 1128 W Palm Ave.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 89

Cooling

None

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 8,709
Total interior livable area: 8,709 sqft

Property

Features

Entry location: 2
Pool features: None

Lot

Size: 0.45 Acres
Features: Front Yard, Lot Over 40000 Sqft, Level, Yard

Details

Additional parcels included: 017234113,017234112,017234117
Parcel number: 0172341140000
Special conditions: Standard,Trust

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Condition

New construction: No
Year built: 1930

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Biking

Location

Region: Redlands

Financial & listing details

Price per square foot: $144/sqft
Tax assessed value: $275,400
Annual tax amount: $3,401
Date on market: 4/16/2024
Cumulative days on market: 9 days
Listing terms: Cash
Inclusions: 4 APN# 0172341130000, 0172341120000, 0172341140000, 017234117
Exclusions: tenants personal property, portable storage units and sheds.
Total actual rent: 9320
Tenant pays: None

Price history

Date	Event	Price
6/11/2024	Sold	$1,250,000-16.7%$144/sqft
Source: CRMLS #EV24072831 Report a problem
5/9/2024	Pending sale	$1,500,000$172/sqft
Source: BHHS broker feed #EV24072831 Report a problem
4/26/2024	Listing removed	$1,500,000$172/sqft
Source: BHHS broker feed #EV24072831 Report a problem
4/17/2024	Listed for sale	$1,500,000$172/sqft
Source: BHHS broker feed #EV24072831 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,401 +2241.8%	$275,400 +2147.8%
2024	$145 +0.1%	$12,252 +2%
2023	$145 +1.5%	$12,012 +2%
2022	$143 -1.8%	$11,776 +2%
2021	$146 +1.5%	$11,545 +1%
2020	$143 +2.9%	$11,427 +2%
2019	$139 +2.6%	$11,203 -78%
2018	$136 +0.8%	$51,000 +373.6%
2017	$135	$10,768 +2%
2016	$135 +1.1%	$10,557 +1.5%
2015	$133 +0.7%	$10,398 +2%
2014	$132	$10,194 +22.9%
2001	--	$8,293 +2%
2000	--	$8,130