217 Judson St - Apartments FOR SALE


Redlands, CA 92374- North Redlands
$1,175,000 USD
714-423-3819
217 Judson St, Redlands, CA for Sale
$1,175,000 USD
Apartments - FOR SALE
1/29
null | 5.04% Cap Rate

217 Judson St
Redlands, CA 92374
North Redlands


HIGHLIGHTS

  • Strong yield with a current CAP Rate of 4.77% with a Pro Forma CAP Rate of 5.04% achievable through market rent adjustments.
  • Current GRM of 12.56 with a Pro Forma GRM of 11.94
  • One atached buildings situated on a 0.167-acre lot with approximately 3,852 rentable SF
  • Individual Single Car Garages / Laundry Room Onsite
  • Attractive Unit Mix: (1) 3B2B Unit (3) 2B/1B Units
  • New Plumbing and Central AC/Heating

OVERVIEW

Welcome to 217 Judson Street, Redlands, CA 92374, a premier multi-family investment opportunity in the thriving city of Redlands. This well-maintained apartment complex, built in 1964, is situated on a lot totaling 0.167 acres, offering ample space and strategic central positioning. With 4 units, the property boasts an attractive unit mix that appeals to a broad tenant base: - 3 Units: 900 Sq. Ft., 2 Bedrooms, 1 Bathroom - 1 Unit: 1,150 Sq. Ft., 3 Bedrooms, 3 Bathrooms The spacious layouts and competitive unit sizes provide a distinct advantage over market rentals in the area, attracting tenants seeking comfort and value. The property is very well kept, featuring four dedicated garages for each unit, an on-site laundry room, and a prime location, enhancing its appeal for investors. Located in the heart of Redlands, this property benefits from its central location and excellent accessibility, with proximity to schools, churches, downtown amenities, shopping, and major transportation routes. The city continues to experience strong market fundamentals, including stabilization, steady rental demand with average rates around $2,250–$2,525, and increasing property values. This makes 217 Judson Street a compelling opportunity for both seasoned and first-time investors looking to capitalize on the area’s growth and demand for quality housing.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

4

PRICE/UNIT

$293,750

CAP RATE

5.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-2, Redlands

APN/PARCEL ID

0170-221-22

ASK ABOUT THIS PROPERTY

Anthony LeLe Investment GroupMore Info
714-423-3819

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Anthony LeLe Investment GroupMore Info
714-423-3819

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.