1002 Tribune St | Redlands, CA 92374
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1002 Tribune St
Redlands, CA 92374
The Los Arboles Apartments · Multifamily Property For Sale
·
25 Units
Investment Highlights
- Prime Redlands Location Near University & Transit: Rare Opportunity to Acquire Several Individual Parcels 1 Mile from University of Redlands
- Value-Add Strategy: Capture 41% Rental Growth by Adjusting Rents to Current Market Levels
- Attractive Unit Mix: Property Features 4, 2.5-Bedroom/1.5- Bathroom Units, 2-Bedroom/2-Bathroom Units, and 4, 3-Bedroom/2-Bathroom Units
- Convenient Location: Under 2 Miles from the Citrus Plaza’s Diverse Selection of Big-Name Retailers like Target, Red Robbin, Petco, Chick-Fil-A, Kohls
- Solid In-Place Returns with Market Rent Upside: Delivers a Stable 5.42% In-Place Cap Rate Based on Current Operations, Complemented by a 10.96 GRM
- Property Amenities: Offers Mature Landscaping, Mountain Views, Courtyards, On-Site Laundry, Plus Multiple Parking Options
Property Facts
| No. Units | 25 | Building Size | 57,993 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1964 |
| Building Class | C | Parking Ratio | 0.36/1,000 SF |
| Lot Size | 1.68 AC |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.68 AC |
| Building Size | 57,993 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.36/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | $2,005 | 1,000 |
| 2+2 | 17 | $1,850 | 1,080 |
| 3+2 | 4 | $2,250 | 1,300 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,537,975 | |
| Land Assessment | $632,955 | Total Assessment | $3,170,930 |
Property Taxes
Parcel Numbers
Land Assessment
$632,955
Improvements Assessment
$2,537,975
Total Assessment
$3,170,930
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