28442 San Timoteo Canyon, Redlands, CA 92373

Redlands
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
28442 San Timoteo Canyon,Redlands, CA 92373
$2,100,000
Virtual Tour
  • 5 Beds
  • 4 Baths
  • 3,326 sq. ft.
  • Single family
  • Active
Listed by: james monks, jennifer holland
Office: tower agency951-369-8002
MLS#:IV26148460
Source:CRMLS

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$631.39

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 lease’s 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...

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Home facts

  • Year built:1991
  • Listing ID #:IV26148460
  • Added:91 day(s) ago
  • Updated:October 09, 2026 at 02:58 PM

Rooms and interior

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

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1991
  • Building area:3,326 sq. ft.
  • Lot area:15.93 Acres
  • Lot Features:Agricultural, Horse Property, Lot Over 40000 Sqft, Pasture, Ranch
  • Architectural Style:Ranch
  • Construction Materials:Frame, Stucco
  • Exterior Features:Concrete, Covered, FrontPorch, Patio, Porch
  • Levels:1 Story

Utilities

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

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$631.39

Features and amenities

  • Appliances:Dishwasher, Electric Oven
  • Laundry features:Inside
  • Amenities:Carbon Monoxide (CO2) Detector, Ceiling Fans, Open Floor Plan, Quartz Counters, Recessed Lighting, Storage

Parking

  • Total parking spaces:2
  • Parking description:Concrete, Driveway, Garage
  • Garage:Yes
  • Garage spaces:2
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