Updated Unit in Braemar
For Sale
$155,000
163 N Center St, Redlands, CA 92373
Move-in ready one-bedroom near downtown Redlands with updated features.
Property Size700 SF
Lot Size0.02 Acres
Days on Market317
Property Features for 163 N Center St
General Information
Standard status
Active
Size
700 SF
Lot size
0.02 Acres
Property subtype
Residential
Building Details
Building Size
700 SF
Year Built
1956
Stories
1
Units
1
Listing Agency:
Keller Willliams Pacific Estates
Listed By:
Susan Wyant · License #01880319
(562) 716-6633
Source:
Elliman
Added: Dec 3, 2025
Changed: Oct 8
Last Checked: Oct 14 at 11:43PM
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 Keller Willliams Pacific Estates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This updated one-bedroom, one-bath home is located in the Braemar Co-Op community near downtown Redlands. The unit features a remodeled kitchen, laminate wood flooring, new dual-pane windows, and an updated bathroom. The property has one shared wall and several oversized windows, providing views of greenbelts and park areas. It is located minutes from downtown Redlands, with access to shopping, dining, public transportation, freeway access, and the Metro. The home includes one assigned parking space.
Key Highlights
- Move‑in‑ready, updated one‑bedroom unit in the desirable Braemar Co‑Op community.
- Remodeled kitchen and stylishly updated bathroom.
- Prime location: Minutes from downtown Redlands with easy access to shopping, dining, public transportation, freeway, and the Metro.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,197
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$123,940
$123.9K
Cap Rate 7%
$88,529
$88.5K
Cap Rate 9%
$68,856
$68.9K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$12.0K $17.16/SF
− Vacancy
−$745 −$1.06/SF
EGI
$11.3K $16.10/SF
− OpEx
−$5.1K −$7.24/SF
NOI
$6.2K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$123,940
Cap Rate 7%
$88,529
Cap Rate 9%
$68,856
Alternative Uses
Best Use
Apartment 5plus
$88.5K
$77.5K – $103.3K
NOI $6,197 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$147.7K
$129.2K – $172.3K
NOI $10,336 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,489
Businesses Nearby
Explore this area
Business Placement
Demographics for 92373, CA
35,348
Population
14,501
Households
2.4
Avg Household Size
41
Median Age
53%
College-Educated
94%
High-School Grad
39.8 sq mi
ZIP Area
888
Density / Sq Mi
$99,354
Median Household Income
$64,533
Median Earnings
$1,886
Median Rent
$713,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Move-in ready one-bedroom near downtown Redlands with updated features.
Where is this apartment building located?
The property is located at 163 N Center St Redlands, CA.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Move‑in‑ready, updated one‑bedroom unit in the desirable Braemar Co‑Op community.; Remodeled kitchen and stylishly updated bathroom.; Prime location: Minutes from downtown Redlands with easy access to shopping, dining, public transportation, freeway, and the Metro.
