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403 Cajon Street, Redlands, CA 92373

$1,275,000

  • For Sale
  • Active
  • Multi-Family
403 Cajon Street, Redlands, CA 92373View this property at 403 Cajon Street, Redlands, CA 92373
403 Cajon StreetRedlandsCA92373

Property 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 ± $99,180.00 and climbing. Please see attached marketing
package or email broker for full income / expense summary.

Full Property Detailsfor 403 Cajon Street

General

  • Price: $1,275,000
  • Status: Active
  • Type: Multi-Family
  • MLS ID: EV17130532
  • Updated: 4/9/2018
  • Added: 380 day(s) ago

Interior

  • Flooring: Carpet, Tile, Vinyl

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None

Parking

  • Parking Features: Unassigned
  • Parking: Unassigned

Location

  • Area: 268 - Redlands
  • County: San Bernardino
  • Development Name: 268 - Redlands
  • Driving Directions: Cajon and Fern

Heating & Cooling

  • Cooling Type: Wall Window
  • Heating Type: Wall Heater

Utilities

  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 10

Structural Information

  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 7,583
  • Year Built: 1930

Unit Information

Unit 1

  • Number of Units: 2
  • Total Bathrooms: 1

Unit 2

  • Number of Units: 6
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Sq. Ft.): 9,000
  • Lot Size Source: Assessor
  • Lot Description: 11-15 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $168.14

Listed by Regioncy Real Estate, NATHAN DIONES

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Schools

Schoolsserving 403 Cajon Street

School District:Redlands Unified School District
School Name
Grades
Distance
Kingsbury Elementary School
600 Cajon St, Redlands, CA 92373
K-5
0.3 mi
Cope Middle School
1000 West Cypress Avenue, Redlands, CA 92373
6-8
0.8 mi
Redlands Senior High School
840 East Citrus Ave, Redlands, CA 92374
9-12
0.4 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 403 Cajon Street Get Price Alerts

Date
Details
Price
Change
Source
6/09/2017
Listed
$1,275,000
35.64%
MLS
9/06/2007
Sold
$940,000
Public Record
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Community Info

Community Infofor 403 Cajon Street

Listed by Regioncy Real Estate, NATHAN DIONES

403 Cajon Street, Redlands, CA 92373 (MLS# EV17130532) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 403 Cajon Street is currently listed for $1,275,000 and was received on June 09, 2017. Want to learn more about 403 Cajon Street? Do you have questions about finding other Multi-Family real estate for sale in Redlands? You can browse all Redlands real estate or contact a Coldwell Banker agent to request more information.