Two-Story 5-Unit Apartment
316 S 4th St Redlands, CA 92373
316 S 4th St, Redlands, CA, 92373
$825,000
Pending
For Sale
$825,000
Pending
Two-story apartment building with five 1-bed, 1-bath units and on-site parking, fully occupied.
Property Size2,873 SF
Days on Market177
Property Features for 316 S 4th St
General Information
- Standard status
- Pending
- Size
- 2,873 SF
- Property subtype
- Commercial/Industrial
Listing agency
RE/MAX ADVANTAGE
(909) 816-7031
Listed by
ALAN FORBES · License #00912862
(909) 816-7031
Source
Exitrealty
Added: Jan 26 Updated: Jul 21 at 3:13PM Checked: Jul 21 at 3:13PM
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 RE/MAX ADVANTAGE
Investment Insights
Based on property information with market context.
Built in 1905, this two-story apartment building was originally constructed as a single-family home and later converted to multi-family use. The building contains approximately 2,873 gross square feet and is configured as five rentable units. Each unit is a 1-bedroom, 1-bath layout. The property is currently 100% occupied.
Adequate parking is available on site, and the property is described as located in Old Town Redlands.
This configuration offers a consistent unit mix across the five units, each with the same 1-bedroom, 1-bath layout.
Adequate parking is available on site, and the property is described as located in Old Town Redlands.
This configuration offers a consistent unit mix across the five units, each with the same 1-bedroom, 1-bath layout.
Key Highlights
- 1905‑built two‑story multi‑family building converted from a single‑family home into apartments
- Approx 2,873 gross SF with 5 rentable units, all 1‑bedroom/1‑bath
- Property is currently 100% occupied
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.3k | $17.16 |
| − Vacancy | −$3.1k | −$1.06 |
| EGI | $46.2k | $16.10 |
| − OpEx | −$20.8k | −$7.24 |
| NOI | $25.4k | $8.85 |
2,873 SF · lease $17.16/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$363.3K
$317.9K – $423.9K
NOI $25,434 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.0K
$530.3K – $707.0K
NOI $42,421 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Two-story apartment building with five 1-bed, 1-bath units and on-site parking, fully occupied.
Where is this apartment building located?
The property is located at 316 S 4th St Redlands, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 1905‑built two‑story multi‑family building converted from a single‑family home into apartments; Approx 2,873 gross SF with 5 rentable units, all 1‑bedroom/1‑bath; Property is currently 100% occupied
