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Sold on 12/27/2021
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7 Parkwood Dr, Redlands, CA 92373

$552,000

Last sold 12/27/2021 for $2.4M

  • —

    bed

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    bath

Multi-family not for sale
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About 7 Parkwood Dr

Property type Multi-family
Neighborhood
Year built 1927
HOA fee $0/month
Lot size 6,250 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
Rare investment opportunity in the desirable Smiley Park Historic District of South Redlands! Properties include 4 duplexes and 1 single-family residence, most are currently being rented with tenants in place. These homes are conveniently located close to the Redlands Bowl, Smiley Library and walking distance to historic downtown Redlands. Addresses are 7 & 7 1/2 Parkwood, 11 & 15 Parkwood, 17 & 19 Parkwood, 21 Parkwood and 618 & 620 Glenwood. Absolutely do not disturb tenants!
Listed by
Listing Agent - JESSE BLACK
Listing Office - RITA SHAW BROKER & ASSOCIATES
Source: CRMLS mls logo
MLS#EV21250062 • last updated 4 years ago
Movoto checked CRMLS for data 8 minutes ago
Overview
Levels/Style One
Type Residential Income
Status Closed
Lot Size (Acres) 0.1435
Lot Size (SqFt) 6250
Year Built 1927
Interior
Laundry None
Other Room(s) All Bedrooms Down
Appliances Water Heater
Exterior
Building Area Square Feet, 882
# Parking Spaces 2
# Garage Spaces 2
Lot Description 6-10 Units/Acre, Sprinklers In Front, Sprinklers In Rear
Amenities / Utilities
Fireplaces Dining Room, Family Room, Kitchen, Living Room, Patio, Gas
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County San Bernardino
Community Features Biking, Curbs, Golf, Hiking, Park, Sidewalks, Suburban
Neighborhood Smiley Park Historic District
Directions Use GPS
APN 171241080000
Multifamily Details
Expense: Trash 7200
Operating Expense 39000
Expense: Insurance 1500
Total Expenses 39000
Gross Scheduled Income 131000
$552K
Range: $474K-$629K
Last 30 days 
Rental est.: $1,705/month
Gross rent multiplier: 117.3
  • Dec 2021
    Public Records
  • Dec 27, 2021 Sold
    $2,400,000
  • Dec 2021
    mls logo MLS # EV21250062
  • Dec 27, 2021 Sold
    $2,400,000 (-14.3%)
  • Dec 3, 2021 Pending
    —
  • Nov 15, 2021 Listed
    $2,800,000 (+2233.3%)
  • Dec 2001
    Public Records
  • Dec 17, 2001 Sold
    $120,000
  • Year Property taxes Tax assessment
  • 2024
    $6,156 +0.1%
    $520,200 +2.0%
  • 2023
    $6,149 +1.5%
    $510,000 +2.0%
  • 2022
    $6,060 +189.7%
    $500,000 +205.29%
  • 2021
    $2,092 +1.5%
    $163,777 +1.04%
  • 2020
    $2,061 +2.8%
    $162,098
  • 2019
    $2,004 +2.5%
    $162,098 +2.0%
  • 2018
    $1,955
    $158,919
  • 7 Parkwood Dr
    $2.4M
  • South Redlands
    $829K +3% y/y
  • 92373
    $835K +5% y/y
  • Redlands
    $716K +5% y/y
No chart available
Statistics calculated by Movoto

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6/10
McKinley Elementary School
public Grades K-5
Redlands Unified School District
6/10
Cope Middle School
public Grades 6-8
Redlands Unified School District
8/10
Redlands Senior High School
public Grades 9-12
Redlands Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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