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11006-11034 Iowa St - Redlands Multifamily Development Opportunity 4.97 Acres of Residential Land in Redlands, CA 92373
Investment Highlights
- Buy Right R-3 Zoned Development Site
- Proximity to Loma Linda, major medical employment and broader Inland Empire
- Contact City Planner Kevin Beery, 909-798-7555 kbeery@cityofredlands.org with zoning questions
- Highly Sought After, Redlands Location
- Seller to provide time for entitlement process
Executive Summary
Rarely available, 4.97 acres of R-3 land located in Redlands. Current density allows up to 30 residential units to the acre. Seller will provide time for entitlements.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
1 Lot Available
Lot
| Lot Size | 4.97 AC |
| Lot Size | 4.97 AC |
216,384 Square Feet of R-3 zoned, developable land in Redlands, CA. The property encompasses three separate parcels and fronts on Iowa Street. Close proximity to Loma Linda and major medical employment, as well as the broader Inland Empire
Description
Redlands and the broader Inland Empire have experienced steady population growth fueled by migration from high-cost coastal counties like Los Angeles and Orange County. Many renters are drawn by lower housing costs, more space, and improving job opportunities. Vacancy rates in the region remain low, and rental demand is strong for both workforce and market-rate housing, projecting new multifamily construction as a sound long-term investment.
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $419,419 | |
| Land Assessment | $1,147,156 | Total Assessment | $1,566,575 |
Property Taxes
Parcel Numbers
Land Assessment
$1,147,156
Improvements Assessment
$419,419
Total Assessment
$1,566,575
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