331 Cajon St
Redlands, CA 92373
#240017045SD
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.
Property Details
- Stories2
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1930
Community and Neighborhood Details
- CountySan Bernardino
Financial Details
- Original List Price$2,349,000
Other
- MLS #240017045SD
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Adrian Gonzalez-Pureco (#SAND-651208)
Listing Office: South Coast Commercial, Inc. (#SAND-69464)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
