Redlands Quadruplex Investment
For Sale
$1,099,999
1140 Oxford Dr, Redlands, CA 92374
Well-maintained Redlands quadruplex with diverse unit mix and amenities.
Property Size4,006 SF
Days on Market102
Property Features for 1140 Oxford Dr
General Information
Standard status
Active
Size
4,006 SF
Property subtype
Investment
Building Details
Building Size
4,006 SF
Year Built
1985
Stories
2
Units
4
Listing Agency:
Realty Masters & Associates
(909) 557-3802
Listed By:
Joe Marroquin · License #01332311
(909) 557-3802
Source:
Elliman
Added: May 21
Changed: Aug 28
Last Checked: Aug 29 at 12:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Masters & Associates
Investment Insights
Based on property information with market context.
This well-maintained quadruplex in Redlands presents an exceptional investment opportunity. The property features four individually designated units: one 3-bedroom/2-bath unit, two 2-bedroom units, and one 1-bedroom unit. This versatile mix is designed to accommodate a variety of tenant needs. Each residence provides its own unique living space, making the property an attractive option for long-term rental stability and strong income potential. The property includes a four-car garage with one space assigned to each unit, four covered carports, ample off-street parking, and a centrally located community laundry room for added tenant convenience. The location offers easy access to schools, shopping, parks, and everyday conveniences, making it appealing to tenants. The property is located near local amenities and commuter routes. The bike score is 55, indicating it is bikeable, and the walk score is 26, indicating car dependence. This income-producing property offers outstanding potential for expanding an investment portfolio or securing a multi-unit property in a desirable location.
Key Highlights
- Income‑producing quadruplex with a versatile unit mix (3/2, two 2/-, 1/-).
- Four‑car garage (one space per unit) plus four covered carports and ample off‑street parking.
- Well‑maintained property offering long‑term rental stability.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,852
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$817,040
$817.0K
Cap Rate 7%
$583,600
$583.6K
Cap Rate 9%
$453,911
$453.9K
Market Conditions
NOI Build-Up for 4,006 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.0K $15.48/SF
− Vacancy
−$3.7K −$0.91/SF
EGI
$58.4K $14.57/SF
− OpEx
−$17.5K −$4.37/SF
NOI
$40.9K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$817,040
Cap Rate 7%
$583,600
Cap Rate 9%
$453,911
Alternative Uses
Best Use
Multifamily LT 5
$583.6K
$510.7K – $680.9K
NOI $40,852 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$506.6K
$443.3K – $591.1K
NOI $35,464 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$845.0K
$739.4K – $985.8K
NOI $59,150 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Explore this area
Business Placement
Demographics for 92374, CA
43,587
Population
15,038
Households
2.9
Avg Household Size
35
Median Age
37%
College-Educated
90%
High-School Grad
17.9 sq mi
ZIP Area
2,435
Density / Sq Mi
$96,237
Median Household Income
$41,349
Median Earnings
$1,972
Median Rent
$494,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained Redlands quadruplex with diverse unit mix and amenities.
Where is this quadplex located?
The property is located at 1140 Oxford Dr Redlands, CA.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Income‑producing quadruplex with a versatile unit mix (3/2, two 2/-, 1/-).; Four‑car garage (one space per unit) plus four covered carports and ample off‑street parking.; Well‑maintained property offering long‑term rental stability.
