One-Bedroom Co-Op
For Sale
$155,000
163 N Center Street, Redlands, CA 92373
MULTI_FAMILY - Redlands, CA
Property Size700 SF
Lot Size0.02 Acres
Price / SF$221.43
Days on Market356
Property Features for 163 N Center Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Laundry Room, Kitchen
Parking
1
Parking features
Assigned, Carport
Window features
Double Pane Windows
Interior features
Quartz Counters, Unfurnished, Ceiling Fan(s), Open Floorplan, Storage
Appliances
Microwave, Refrigerator, Water Purifier, Gas Range, Gas Oven
Lot features
Near Public Transit, Park Nearby
View
Park
Elementary school district
Redlands Unified
Middle school district
Redlands Unified
High school district
Redlands Unified
Directions
On Center South of Redlands Blvd North of Brookside
Subdivision
268 - Redlands
Standard status
Active
APN
0171393024027
Size
700 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$726 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Number of units
1
Flooring type
Laminate
Additional Structures
Storage
Listing Agency:
Keller Williams Pacific Estate · Keller Williams Realty
(562) 513-7800
Listed By:
Susan Wyant · License #01880319
(562) 716-6633
Added: Aug 27, 2025
Changed: Aug 16
Last Checked: Aug 17 at 5:06AM
MLS# PW25193798
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This move-in-ready one-bedroom, one-bath co-op unit features a remodeled kitchen, laminate wood flooring throughout, an updated bathroom, and new dual-pane windows. Unit 163 includes only one shared wall and several oversized windows, creating an open, bright feel. The home also offers views toward the lush greenbelts and nearby park areas.
Located at 163 N Center Street in Redlands, the community is described as being near downtown Redlands and within minutes of shopping, dining, public transportation, and freeway access. The property includes one assigned parking space.
For buyers seeking a residential income-style co-op option, this unit’s interior updates and window package are key features, along with the simple, single-wall shared layout.
Located at 163 N Center Street in Redlands, the community is described as being near downtown Redlands and within minutes of shopping, dining, public transportation, and freeway access. The property includes one assigned parking space.
For buyers seeking a residential income-style co-op option, this unit’s interior updates and window package are key features, along with the simple, single-wall shared layout.
Key Highlights
- Braemar Co‑Op community one‑bedroom, one‑bath home (Unit 163) with only one shared wall
- Remodeled kitchen with quartz counters; appliances include gas range/oven, microwave, refrigerator, and water purifier
- Laminate flooring throughout with an open floorplan and storage
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
$6,197
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
4.00%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Move-in-ready one-bedroom, one-bath co-op unit with a remodeled kitchen, laminate flooring, and dual-pane windows.
Where is this single family property located?
The property is located at 163 N Center Street 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: Braemar Co‑Op community one‑bedroom, one‑bath home (Unit 163) with only one shared wall; Remodeled kitchen with quartz counters; appliances include gas range/oven, microwave, refrigerator, and water purifier; Laminate flooring throughout with an open floorplan and storage
