See all 55 photos
55 photos
$4,800,000
$6,000,000 20.0%
Est. payment /mo
7 Beds
6 Baths
UPDATED:
Key Details
Sold Price $4,800,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV25088667
Bedrooms 7
Property Sub-Type Res Income 2-4 Units
Property Description
We are proud to present an unique investment opportunity in the heart of Redlands: The Los Arboles Apartments. This 25-unit property, located at 1002, 1006, 1016, 1022, and 1028 Tribune Street and 1001 and 1007 Post Street, offers a rare advantage it comprises seven individually parceled buildings (three triplexes and four fourplexes) situated on a spacious 1.66-acre lot. Built in 1965, the well-maintained complex features pitched composition roofs, and secure iron fencing with entry gates around all but one of the building clusters. The desirable unit mix includes primarily single-story two-bedroom/two-bathroom units, supplemented by townhouse-style two-bedroom/two-bathroom units and three-bedroom/two-bathroom units within two of the fourplexes. Residents benefit from ample parking with 23 garages, 4 carports, and 13 open spaces. The properties boast mature landscaping with lovely mountain views, courtyards, laundry facilities, individual porches or patios, and ample street parking. Units feature fully equipped kitchens with oven ranges, horizontal blinds, AC/ heating, storage space, carpet flooring, spacious floorplans, ample closet space and select units have dishwashers. Strategically positioned near vibrant Downtown Redlands and the University of Redlands, Los Arboles offers investors a stabilized asset with significant structural flexibility and strong location fundamentals. Redlands benefits from a diverse and resilient economy, anchored by major employers in technology (like global GIS leader Esri), logistics (including large distribution centers), healthcare, and
Location
State CA
County San Bernardino
Zoning Assessor
Interior
Cooling Central Forced Air, Wall/Window
Exterior
View Y/N No
Building
Story 2
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Listed by Eric Chen CB RICHARD ELLIS
Bought with Eric Chen CB RICHARD ELLIS
Bought with Eric Chen CB RICHARD ELLIS