302 Sonora Street
Redlands, CA, 92373
$600,000
MLS: CV25199199
Beds
4
Baths
3
Sq Ft
2,259
Lot
0.17 ac
Year Built
1913
MLS #
CV25199199
Days on Market
22
Listed
Sep 4, 2025
Description
Rare Investment Opportunity in South Redlands! Don't miss this hard-to-find residential income property in the highly desirable South Redlands area! This unique offering features two single-family units on one lot—a prime opportunity for investors or multi-generational living. Front Unit: 3 bedrooms, 1 bathroom Back Unit: 1 bedroom, 1 bathroom Ideally located near shopping centers and with easy access to the 10 Freeway, this property presents a fantastic income-generating opportunity. Whether you're looking to expand your investment portfolio or secure a dual-living arrangement, this cash-flowing asset is a must-see! Property sold AS IS.
Location
Redlands, San Bernardino County, CA 92373
Open on Google Maps ↗Listed by: Zoram Luna · REALTY MASTERS & ASSOCIATES
Payment estimate
$4,468
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $60,000 · Loan: $540,000
- Principal & Interest
- $3,318
- Property tax (1.25%)
- $625
- Homeowners insurance
- $300
- Mortgage insurance
- $225
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Redlands home with as little as 3.5% down using an FHA loan — roughly $21,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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