403 Cajon Street

  • Redlands

  • $1,275,000
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Residential Income Details

Description
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 $94,620±.
Essential
MLS #EV17130532
Price$1,275,000
Number of Units9
Sale TypeStandard
StatusActive
Listing BrokerageREGIONCY REAL ESTATE
Listing AgentNATHAN DIONES
Listing Agent BRE #01767311
Interior
FloorCarpet,Tile,Vinyl
CoolingWall Window
HeatingWall Heater
Exterior
ParkingUnassigned
Garage Spaces0
PoolNone
Community
Area268 - Redlands
CommunityCurbs,Suburban
Address403 Cajon Street
CityRedlands
CountySan Bernardino
StateCA
ZipCode92373
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Friday, September 29, 2017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.