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403 Cajon St
Redlands, CA 92373
Old University Club Apartments · Multifamily Property For Sale
·
9 Units
PROPERTY FACTS
| No. Units | 9 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 7,583 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1930 |
| Building Class | C | Parking Ratio | 0.79/1,000 SF |
| Zoning | A-P | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 7,583 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | A-P |
ABOUT 403 CAJON ST , REDLANDS, CA 92373
The “Old University Club” apartments are centrally located in the coveted south Redlands market. High demand rent area provides very little turnover. Collectively a total of 9 units with a mix of studios, one bedrooms and a two bedroom. Rents are under market rates which provides an upside opportunity to a new investor. Located on the south east corner of Fern Ave & Cajon St, directly across from Beaver Medical Group and 3 blocks to downtown Redlands amenities. Generational opportunity to acquire a unique property, with value add potential in a historically high demand rental market. Always re-rented within 1-2 weeks of a turnover. Annual gross income on actual rents is $99,180± and climbing. Please see attached marketing package or email broker for full income / expense summary. South Redlands, CA.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $795.00 | - |
| 1+1 | 6 | $937.50 | - |
| 2+1 | 1 | $1,125 | - |
PROPERTY TAXES
| Parcel Number | 0173-051-11 | Improvements Assessment | $1,182,450 |
| Land Assessment | $239,836 | Total Assessment | $1,422,286 |
PROPERTY TAXES
