331 Cajon St, Redlands, CA 92373
-
Listed Price :
$2,349,000
-
Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
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Year Built :
1930
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
Zoned |
Listing Information
| Address |
331 Cajon St |
| City |
Redlands |
| State |
CA |
| Zip |
92373 |
| County |
San Bernardino |
| Listing Agent |
Adrian Gonzalez-Pureco DRE #01844618 |
| Co-Listing Agent |
Alexio Barbara DRE #01992393 |
| Courtesy Of |
South Coast Commercial, Inc. |
| List Price |
$2,349,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
N/A |
| Year Built |
1930 |
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.
