Active
331 Cajon St
Redlands CA, 92373
$2,349,000
$313.53 per sqft
Active
12 Baths
7,492 sqft
Multi-family
Built in 1930
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.
240017045
MLSⓇ ID
July 23, 2024
Listed
September 16, 2024
Updated
Map
331 Cajon St
Redlands CA, 92373
Interior Features
Total Stories
2
Total Bathrooms
12
Full Bathrooms
12
Appliances
Range/Oven, Refrigerator
Fireplace
No
Cooling
Yes
Cooling Description
Zoned
Heating
No
Exterior/Building Features
Roof
Other
Other Property Details
Days on Market
21
Garage
No
View
No
County
San Bernardino
Pool
No
Listed by South Coast Commercial, Inc., Adrian Gonzalez-Pureco,
Listing Contact: 858-735-9977
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