1002 Tribune St - Apartments FOR SALE
Redlands, CA 92374 |
1002 Tribune St
Redlands, CA 92374
HIGHLIGHTS
- Prime Redlands Location Near University & Transit: Rare Opportunity to Acquire Several Individual Parcels 1 Mile from University of Redlands
- Convenient Location: Under 2 Miles from the Citrus Plaza’s Diverse Selection of Big-Name Retailers like Target, Red Robbin, Petco, Chick-Fil-A, Kohls
- Value-Add Strategy: Capture 41% Rental Growth by Adjusting Rents to Current Market Levels
- Solid In-Place Returns with Market Rent Upside: Delivers a Stable 5.42% In-Place Cap Rate Based on Current Operations, Complemented by a 10.96 GRM
- Attractive Unit Mix: Property Features 4, 2.5-Bedroom/1.5- Bathroom Units, 2-Bedroom/2-Bathroom Units, and 4, 3-Bedroom/2-Bathroom Units
- Property Amenities: Offers Mature Landscaping, Mountain Views, Courtyards, On-Site Laundry, Plus Multiple Parking Options
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
The Los Arboles Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
57992.966
STORIES
2
YEAR BUILT
1964
PARKING SPACES
9
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
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APN/PARCEL ID
0169-092-01,0169-092-02,0169-092-03,0169-092-04,0169-092-05,0169-092-09,0169-092-10
