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Listed by Eric Chen • CB RICHARD ELLIS
$6,750,000
Est. payment /mo
27,592 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 27,592 sqft
Price per Sqft $244
MLS Listing ID CRCV25088667
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1964
Lot Size 1.689 Acres
Property Sub-Type Other
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 of
Location
State CA
County San Bernardino
Interior
Heating Wall Furnace, Other
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Laundry Other
Building
Water Public
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