331 Cajon St

For Sale

331 Cajon St, Redlands, CA 92373

This Redlands property for sale is located at 331 Cajon St. The general use of 331 Cajon St is multi-family and it incorporates 7,492 square feet of class C multi-family space. The current listed sale price for 331 Cajon St is $2,349,000. 331 Cajon St is situated on a lot that is 0.18 acre in size.

Contacts

broker

Adrian Gonzalez

South Coast Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 7,492 SF
  • Units 12
  • Lot Size 0.18 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1927
  • Date Updated Jul 19, 2024
Discover the vibrant surroundings of the Redlands, CA location. This bustling area offers a favorable ambiance for prospective Office/Office Building investors. Positioned in the heart of Downtown Redlands, the property benefits from close proximity to renowned dining options, including Citrone and Caprice Café, as well as retail destinations such as J.D. Myers and Olive Ave Market. With easy access to the 10 freeway and nearby attractions like the Redlands Bowl and Prospect Park, the location presents an enticing opportunity for investors seeking a dynamic commercial real estate venture in a thriving community.Discover a prime investment opportunity in downtown Redlands, CA, with this meticulously maintained 12-unit apartment building featuring classic 1930's Spanish-style architecture. Ideal for multifamily investors, this property blends historical charm with modern updates and strong financial performance. Operating at an impressive 4.9% CAP rate, the building generates $16,217 in monthly gross income. Several units have been recently renovated to offer contemporary features such as granite countertops, terrazzo flooring, country kitchens, breakfast nooks, and mini split air conditioning, ensuring tenant comfort and satisfaction. Conveniently located within walking distance to downtown Redlands' vibrant shops, restaurants, and cultural venues, the property attracts tenants seeking a desirable urban lifestyle. Its proximity to Redlands University also provides a steady rental market among students and faculty. Featuring an interior corridor layout for added privacy and security, this property offers stability and growth potential in one of Redlands' most sought-after neighborhoods. Whether you're expanding your portfolio or starting anew in the multifamily market, this opportunity combines historic charm with smart investment potential.

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Attachments

Getting around

  • 89/100

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  • 86/100

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Location

  • City Redlands, CA
  • Neighborhood Redlands
  • Zip Code 92373
  • Market Inland Empire

Points of Interest

  • Downtown Redlands

    0.58 miles

  • University of Redlands

    0.93 miles

  • Esri

    1.14 miles

  • Tippecanoe Avenue

    4.92 miles

  • San Bernardino Depot

    8.34 miles

  • Arco

    0.38 miles

  • Union 76

    0.44 miles

  • Shell

    0.44 miles

  • Chevron

    0.78 miles

  • Circle K & Minimart

    0.79 miles

  • USA Gasoline

    0.92 miles

  • Valero

    1.07 miles

  • Shell

    1.35 miles

  • 7-Eleven

    1.70 miles

  • Chevron

    1.87 miles

  • Truesdail Parking Lot

    0.99 miles

  • Armacost Parking Lot

    1.29 miles

  • Stauffer Science Center Parking Lot

    1.36 miles

  • South Parking Lot

    2.15 miles

  • North Parking Lot

    2.19 miles

  • Yucaipa Park And Ride

    3.77 miles

  • Loma Linda VA Employee Parking Garage

    4.00 miles

  • (handicapped)

    4.15 miles

  • Oakmont Park

    4.21 miles

  • Lot M

    4.35 miles

  • Stardust Motel

    0.78 miles

  • Budget Inn Motel

    0.78 miles

  • Ayres Hotel Redlands

    1.28 miles

  • Motel 6 Redlands, CA

    1.39 miles

  • Dynasty Suites Redlands

    1.49 miles

  • Comfort Suites

    1.52 miles

  • Starlite Motel

    1.56 miles

  • Super 8 by Wyndham Redlands/San Bernardino

    1.97 miles

  • Americas Best Value Inn Redlands

    2.00 miles

  • Country Inn & Suites by Radisson, San Bernardino (Redlands), CA

    2.01 miles

  • Albertsons

    0.48 miles

  • Vons

    0.61 miles

  • Trader Joe's

    0.65 miles

  • Gerrard's Market

    0.66 miles

  • Sprouts Farmers Market

    0.85 miles

  • Stater Bros.

    0.88 miles

  • Ranch Market

    1.28 miles

  • Stater Bros.

    1.62 miles

  • Big Lots

    1.68 miles

  • Burlington

    1.83 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Adrian Gonzalez

South Coast Commercial