28442 San Timoteo Canyon, Redlands, CA 92373

Redlands
Local realty services provided by:ERA North Orange County Real Estate
28442 San Timoteo Canyon,Redlands, CA 92373
$1,890,000
Virtual Tour
  • 5 Beds
  • 4 Baths
  • 3,326 sq. ft.
  • Single family
  • Active
Listed by: james monks, jennifer holland
Office: tower agency
MLS#:IV26231055
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,890,000
  • Price per sq. ft.:$568.25

About this home

TWO REMODELED HOMES NEARLY 16 ACRES APPROXIMATELY $1.4 MILLION IN REMAINING CONTRACTED AM RADIO STATION GROUND-LEASE REVENUE THROUGH 2046. This extraordinary San Timoteo Canyon property combines 2 separate remodeled homes, equestrian and agricultural improvements, and a long-term ground lease with an established AM radio station. The lease currently generates $4,200 per month, includes contractual rent increases, and continues through March 2046. Based solely on the leases minimum future increases, the remaining contracted revenue is approximately $1.4 million, with potential for additional income when applicable CPI exceeds the contractual 3% annual floor. Approx. 15.93 acres, the property includes 2 detached homes totaling approx. 3,326 square feet. The two residences provide exceptional flexibility for multigenerational living, extended family, guests, ranch staff, or separate residential use. The larger residence, built in 1991, offers approx. 1,800 square feet with 3 bedrooms...

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Home facts

  • Year built:1991
  • Listing ID #:IV26231055
  • Added:1 day(s) ago
  • Updated:October 28, 2026 at 04:31 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Linoleum/Vinyl, Tile
  • Kitchen Description:Dishwasher, Electric Oven, Microwave, Pantry
  • Living area:3,326 sq. ft.

Heating and cooling

  • Cooling:Central Forced Air
  • Heating:Forced Air Unit

Structure and exterior

  • Roof:Composition
  • Year built:1991
  • Building area:3,326 sq. ft.
  • Architectural Style:Ranch
  • Construction Materials:Frame, Stucco
  • Exterior Features:Concrete, Covered, Patio, Porch
  • Levels:1 Story

Utilities

  • Water:Water Connected, Well
  • Sewer:Conventional Septic

Finances and disclosures

  • Price:$1,890,000
  • Price per sq. ft.:$568.25

Features and amenities

  • Appliances:Dishwasher, Electric Oven, Microwave

Parking

  • Total parking spaces:2
  • Parking description:Garage
  • Garage spaces:2
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