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28442 San Timoteo Canyon
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Single Family Residence 
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28442 San Timoteo Canyon 
$2,100,000
Offered at
Redlands, CA 92373
San Bernardino County
5
Beds
4
Baths
3,326
Sq Ft
693,985
Lot Sq Ft
1991
Year Built
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…
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 bedrooms and 3 bathrooms. The second home, built in 1960, approx. 1,600 square feet with 2 bedrooms and 1 bathroom. Offering modern interiors and country living. A valuable and unique feature is the property’s established AM radio station ground lease. Approx. 4.9 acres are for the station’s broadcast site. The radio station owns and maintains its towers and related broadcasting equipment, while the property owner receives the ground-lease income. The lease currently produces $50,400 annually. The approx. $1.4 million in remaining contracted revenue assumes only the minimum 3% increase for every future period, meaning actual total payments may be higher. Beyond the income stream, well equipped for equestrian use, 32 horse stalls, multiple corrals, turnout areas. Substantial possibilities for a private equestrian estate, boarding, training, breeding, or other permitted agricultural uses. The property also includes an Old West town, creating a setting for enjoyment, events, photography, film and television production, or other creative uses. A mature producing citrus grove enhances the property’s agricultural character. Enjoy open space, privacy, and views of the surrounding hills, mountains, orchards, and San Timoteo Canyon. Despite its peaceful rural setting, it has access to shopping, dining, and major transportation routes. The nearby Nature Sanctuary contributes to the open-space character of the surrounding area.
Facts & Features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- Cooling: Central Air
Appliances
- Included: Dishwasher, Electric Oven, Microwave, Range Hood
- Laundry: Inside, Laundry Room
Features
- Flooring: Tile, Vinyl
- Has fireplace: Yes
- Fireplace features: Living Room, Masonry
Interior area
- Total interior livable area: 3,326 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Driveway, Garage, Rv Access Parking
- Attached garage spaces: 2
Features
- Stories: 1
- Patio & porch: Concrete, Covered, Front Porch, Patio, Porch
- Has private pool: No
- Fencing: Cross Fenced, Livestock, Vinyl
- Has view: Yes
- View features: Hills, Mountains, Orchard, Pasture, Valley
Lot
- Size: 15.93 Acres
- Features: Sixteen To Twenty Units Acre, Agricultural, Horse Property, Lot Over40000 Sqft, Pasture, Ranch
Details
- Parcel number: 0294091460000
Construction
Type & style
- Home type: Residential
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Stucco
- Roof: Composition
Condition
- Year built: 1991
Location
Mike Zwarg
Broker / Owner
951-528-0626
mike@mzhomes.us
mike@mzhomes.us
Listing Office: Tower Agency · Listing Agent: JAMES MONKS · 951-640-7469 · CRMLS
The property listing information on this website comes in part from the California Regional Multiple Listing Service (CRMLS) via Internet Data Exchange (IDX). Information is deemed reliable but is not guaranteed accurate by the MLS, and all properties are subject to prior sale, change, or withdrawal. This data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than identifying properties consumers may be interested in purchasing. Buyers should independently verify all information, including square footage, lot size, schools, and property condition.
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28442 San Timoteo Canyon, Redlands, CA 92373
951-528-0626
mike@mzhomes.us
mzhomes.us
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