Active
331 Cajon St
Redlands CA, 92373
$2,349,000
Active
Residential
Built in 1930
Listed by Adrian Gonzalez-Pureco with South Coast Commercial, Inc. 858-735-9977
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.
240017045SD
MLSⓇ ID
July 23, 2024
Listed
September 13, 2024
Updated
Map
331 Cajon St
Redlands CA, 92373
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Zoned
Heating
Yes
Exterior/Building Features
Other Property Details
Area Name
268 - Redlands
Days on Market
21
Garage
No
Parking Total
0
View
No
County
San Bernardino
Pool
No
Listing Contact: 619-226-6011
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/13/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 9/13/2024 at 3:06 PM UTC