Owner-Occupied Co-Op Residence with
186 N Center Redlands, CA 92373
New
For Sale
$199,900
MULTI_FAMILY - Redlands, CA
Property Size915 SF
Lot Size0.02 Acres
Price / SF$218.47
Days on Market1
Property Features for 186 N Center
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Kitchen, Bathroom 1, Bedroom 2, Bedroom 1, Laundry Room
- Parking
- 1
- Parking features
- Carport
- Window features
- Double Pane Windows
- Patio and Porch features
- Deck
- Interior features
- Built-in Features, High Ceilings, Ceiling Fan(s), Open Floorplan
- Appliances
- Water Heater, Refrigerator, Range Hood, Gas Range, Dishwasher
- Standard status
- Active
- APN
- 0171393024037
- Size
- 915 SF
- Lot size
- 0.02 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1956
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Wood, Vinyl
- Roof type
- Composition
Listing Agency:
RE/MAX ADVANTAGE
(909) 797-4133
Listed By:
BRANDON MIHLD · License #01968068
(909) 709-9841
Added: Jul 24
Last Checked: Jul 24 at 9:06PM
MLS# IG26161633
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This owner-occupied co-op upstairs unit offers updated living space with two bedrooms and one full bathroom. The layout includes a living room with vaulted ceilings flowing into a dining area and an upgraded kitchen with updated cabinetry, countertops, newer appliances, and views of the community. Large sliding glass doors open to a spacious private deck overlooking maintained community grounds. Additional updates noted include hardwood flooring, dual-pane windows, central heating and air conditioning, and an updated bathroom with a bathtub/shower combination.
The residence is located within the Braemar Community in Redlands. The HOA coverage described in the remarks includes fire insurance, water, sewer, trash, landscaping, exterior maintenance, in-wall plumbing and electrical, hot water heater maintenance, community laundry facilities for owners, and community amenities including a pool and a community garden. The community is described as minutes from Downtown Redlands and the University of Redlands, with easy freeway access.
Please note Braemar is an exclusive owner-occupied co-op community and is not available for investment or rental purposes; the remarks indicate cash offers only. Video and 3D tour links are referenced under the features section.
The residence is located within the Braemar Community in Redlands. The HOA coverage described in the remarks includes fire insurance, water, sewer, trash, landscaping, exterior maintenance, in-wall plumbing and electrical, hot water heater maintenance, community laundry facilities for owners, and community amenities including a pool and a community garden. The community is described as minutes from Downtown Redlands and the University of Redlands, with easy freeway access.
Please note Braemar is an exclusive owner-occupied co-op community and is not available for investment or rental purposes; the remarks indicate cash offers only. Video and 3D tour links are referenced under the features section.
Key Highlights
- Nearly 1,000 sq ft upstairs co‑op unit with 2 bedrooms and 1 full bathroom
- Open floorplan with high ceilings, built‑in features, and ceiling fan(s)
- Upgraded kitchen with modern cabinetry, updated countertops, newer appliances, and range hood
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.7k | $17.16 |
| − Vacancy | −$973 | −$1.06 |
| EGI | $14.7k | $16.10 |
| − OpEx | −$6.6k | −$7.24 |
| NOI | $8.1k | $8.85 |
915 SF · lease $17.16/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$115.7K
$101.3K – $135.0K
NOI $8,100 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$193.0K
$168.9K – $225.2K
NOI $13,510 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Upstairs unit features two bedrooms, one full bath, and a private deck, with HOA covering numerous exterior and utility expenses.
Where is this residential income property located?
The property is located at 186 N Center Redlands, CA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Nearly 1,000 sq ft upstairs co‑op unit with 2 bedrooms and 1 full bathroom; Open floorplan with high ceilings, built‑in features, and ceiling fan(s); Upgraded kitchen with modern cabinetry, updated countertops, newer appliances, and range hood
