331 Cajon St

Redlands, CA 92373

$2,349,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1930

calendar_month Built

Property Description

Discover a prime investment opportunity in downtown Redlands, CA, with this meticulously maintained 12-unit apartment building featuring classic 1930's Spanish Style architecture. Ideal for multifamily investors, this property blends historical charm with modern updates and strong financial performance. Operating at an impressive 4.9% CAP rate, the building generates $16,217 in monthly gross income. Several units have been recently renovated to offer contemporary features such as granite countertops, terrazzo flooring, country kitchens, breakfast nooks, and mini split air conditioning, ensuring tenant comfort and satisfaction. Conveniently located within walking distance to downtown Redlands' vibrant shops, restaurants, and cultural venues, the property attracts tenants seeking a desirable urban lifestyle. Its proximity to Redlands University also provides a steady rental market among students and faculty. Featuring an interior corridor layout for added privacy and security, this property offers stability and growth potential in one of Redlands' most sought-after neighborhoods. Whether you're expanding your portfolio or starting anew in the multifamily market, this opportunity combines historic charm with smart investment potential.

Listing Information

List Price $2,349,000
Status Active
MLS 240017045SD
HOA $0
Type Residential Income
Year Built 1930
Lot Size N/A
Structure Size N/A
DOM 65
Courtesy Of South Coast Commercial, Inc.
Listing Agent Adrian Gonzalez-Pureco DRE#01844618
Co-Listing Agent Alexio Barbara DRE#01992393

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Zoned

Exterior Information

Maps

Listing information courtesy of: Adrian Gonzalez-Pureco, Alexio Barbara, South Coast Commercial, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 26th, 2024 at 7:20 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.