331 Cajon St, Redlands
Redlands Home For Sale
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.
Property Details
Additional Information
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- City:
- Redlands
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- County:
- San Bernardino
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- Zip:
- 92373
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- MLS® #:
- 240017045SD
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- Bathrooms:
- 12
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- Lot Size:
- 0.00
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- Levels:
- Two
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of August 27th, 2024 at 12:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.