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Pebble Brook 621 Church St 52 Unit Apartment Building $15,250,000 ($293,269/Unit) 4.93% Cap Rate Redlands, CA 92374



Investment Highlights
- * Strategic Location: Only one block from the University of Redlands and near Historic downtown
- *Spans over 3 acres with 7 buildings and encompassed by a park like setting and ability to add ADUs -Plans for 5
- * Gated property with controlled access.
- * Strong rental demand from students, professionals, and families.
- * Rare mix of 1-, 2-, and 3-bedroom designs. Included Washer/dryer and large PRIVATE outdoor space
- * Reposition Opportunity: Potential to enhance income with further updates, ADU construction, and rent optimization
Executive Summary
Pebble Brook Apartments in beautiful quaint Redlands, CA offers residents a highly advantageous location that blends convenience, community, and quintessential Southern California charm. Situated just one block from the University of Redlands and Historic downtown Redlands, this address places you within easy walking distance of vibrant local eateries, boutique shops, cultural attractions, parks, and community events — making it ideal for students, professionals, and anyone who enjoys a lively yet relaxed neighborhood atmosphere. Pebble Brook offers 1, 2,and 3 bedroom units that are spacious and well though out and a true sense of home. Amenities that offer tenants comfort, security are very ample. Proximity to major roads like the 10 Freeway also means commuting to nearby cities and key employment centers is simple and efficient. The gated, park-like setting further enhances the appeal, giving residents a sense of tranquility amidst an urban-friendly environment.
Beyond its enviable location, living at Pebble brook brings everyday lifestyle benefits that many find truly rewarding. The community features thoughtfully designed floor plans with spacious patios and or balconies, modern kitchens, and in-unit conveniences like full-size washers and dryers, allowing for comfortable and functional living. Being in such a central and connected part of Redlands means essential services like schools, shopping, and recreational amenities are all close by.
For the astute investor Pebble Brook offers several options for upside- whether its further upgrades, ADU construction or focused management this asset provides all the avenues. With 7 living buildings spanning over 3 acres, and garages for all - this project offers opportunities for income streams waiting to be capitalized on.
Beyond its enviable location, living at Pebble brook brings everyday lifestyle benefits that many find truly rewarding. The community features thoughtfully designed floor plans with spacious patios and or balconies, modern kitchens, and in-unit conveniences like full-size washers and dryers, allowing for comfortable and functional living. Being in such a central and connected part of Redlands means essential services like schools, shopping, and recreational amenities are all close by.
For the astute investor Pebble Brook offers several options for upside- whether its further upgrades, ADU construction or focused management this asset provides all the avenues. With 7 living buildings spanning over 3 acres, and garages for all - this project offers opportunities for income streams waiting to be capitalized on.
Property Facts
| Price | $15,250,000 | Property Subtype | Apartment |
| Price Per Unit | $293,269 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.07 AC |
| Cap Rate | 4.93% | Building Size | 45,520 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 99% |
| Gross Rent Multiplier | 13.1 | No. Stories | 2 |
| No. Units | 52 | Year Built/Renovated | 1980/2025 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Price | $15,250,000 |
| Price Per Unit | $293,269 |
| Sale Type | Investment |
| Cap Rate | 4.93% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.1 |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 3.07 AC |
| Building Size | 45,520 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2025 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Patio
- Porch
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $2,100 | - |
| 2+1 | 8 | $2,295 | - |
| 2+2 | 16 | $2,655 | - |
| 3+2 | 4 | $2,950 | - |
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Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | 0169-192-13 | Improvements Assessment | $9,816,174 |
| Land Assessment | $4,244,832 | Total Assessment | $14,061,006 |
Property Taxes
Parcel Number
0169-192-13
Land Assessment
$4,244,832
Improvements Assessment
$9,816,174
Total Assessment
$14,061,006
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Pebble Brook | 621 Church St
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