$1,275,000
0.2 acres
34.0503 -117.178

403 Cajon Street Redlands, CA 92373

$1,275,000
Est. Monthly $6,483 recalculate
0.2 acres
 

Have A Question? Contact Office Contact CENTURY 21 Lois Lauer Realty

CENTURY 21 Lois Lauer Realty
1998 Orange Tree Lane
Redlands, CA 92374
909.­748.7000
909.­748.7000
CENTURY 21 Lois Lauer Realty
1998 Orange Tree Lane Redlands, CA 92374
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403 Cajon Street
Redlands, CA 92373

Explore This Property

Multi-Family (2-4 Units) - The Old University Club apartments are centrally located in the coveted south Redlands market. High demand rent area provides very little turnover. Collectively a total of 9 units with a mix of studios, one bedrooms and a two bedroom. Rents are under market rates which provides an upside opportunity to a new investor. Located on the south east corner of Fern Ave & Cajon St, directly across from Beaver Medical Group and 3 blocks to downtown Redlands amenities. Generational opportunity to acquire a unique property, with value add potential in a historically high demand rental market. Always re-rented within 1-2 weeks of a turnover. Annual gross income on actual rents is $94,620±.
MLS # EV17130532
Courtesy Of Regioncy Real Estate

Property Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Cooling System: Window Unit(s) A/C
  • Floor Covering: Carpet, Tile, Vinyl
  • Lot Size: 0.2 Acres
  • Parking Type: Assigned, Unassigned
  • Roof Type: Unknown

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $6,483Your estimated monthly payment
    $255,00020% Down Payment
    $1,275,000 $1,147,500
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    KINGSBURY ELEMENTARY SCHOOL
    Grades PRESCHOOL-5 | Public School

    REDLANDS, CA 92373
    600 CAJON ST
    909-307-5550
    0.2
    miles

    Total Students 470
    Student Teacher Ratio 24:1

    School Rating

    3 stars View School Details
    Middle School
    COPE MIDDLE SCHOOL
    Grades 6-8 | Public School

    REDLANDS, CA 92373
    1000 W CYPRESS AVE
    909-307-5420
    0.8
    miles

    Total Students 1355
    Student Teacher Ratio 25:1

    School Rating

    4 stars View School Details
    High School
    REDLANDS SENIOR HIGH SCHOOL
    Grades 9-12 | Public School

    REDLANDS, CA 92374
    840 E CITRUS AVE
    909-307-5500
    0.5
    miles

    Total Students 2392
    Student Teacher Ratio 23:1

    School Rating

    4 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Sacred Heart Academy 0.3 mi Catholic PRESCHOOL-8
    Mckinley Elementary School 0.6 mi Public K-5
    Ahrens Child Care Center 0.8 mi Private PRESCHOOL-K
    Franklin Elementary School 0.9 mi Public K-5
    Orangewood High (continuation) School 1.0 mi Public 10-12
    Redlands Eacademy 1.0 mi Public K-12
    Redlands Adult School 1.0 mi Public -
    Smiley Elementary School 1.1 mi Public K-5
    Redlands Adventist Academy 1.3 mi Private K-12
    Arrowhead Christian Academy 1.3 mi Private 9-12
    Redlands Christian 1.3 mi Private PRESCHOOL-8
    Kimberly Elementary School 1.4 mi Public K-5
    Westside Christian School 1.6 mi Private PRESCHOOL-6
    Hope Christian School 1.6 mi Private K-9
    Lugonia Elementary School 1.6 mi Public PRESCHOOL-5
    Moore Middle School 1.6 mi Public 6-8
    Clement Middle School 1.6 mi Public 6-8

    Local Area Information for Redlands, CA 92373

    Median Age: 40.1
    Married: 41.9%
    Number of Households: 13,889
    Households with Children: 3,876
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.