Property Details

403 Cajon St
Redlands, CA 92373

Price
$1,275,000
GRM
13  
GSI
$93,480  
NOI
$57,156  
CAP Rate
5  
Units
9  
Price/unit
$141,667  
Square Footage
7,583  
Price/sqft
$168  
Lot Size (sqft)
9,000  
Year Built
1930  

Property Description

The Old University Club apartments are centrally located in the coveted south Redlands market. High demand rent area provides very little turnover. Collectively a total of 9 units with a mix of studios, one bedrooms and a two bedroom. Rents are under market rates which provides an upside opportunity to a new investor. Located on the south east corner of Fern Ave & Cajon St, directly across from Beaver Medical Group and 3 blocks to downtown Redlands amenities.

Generational opportunity to acquire a unique property, with value add potential in a historically high demand rental market. Always re-rented within 1-2 weeks of a turnover. Annual gross income on actual rents is $93,480±.

Apartment building for sale Redlands, CA.


Unit Composition

QtyBedroomsBathrooms
21 Bedroom1 Bath
61 Bedroom1 Bath
12 Bedroom1 Bath

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