317 Brookside Ave Redlands, CA 92373
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 317 Brookside Ave
- Property type
- Commercial real estate
- APN
- 0171-241-24
Description
This exceptional investment opportunity presents a "shovel-ready" 8-unit apartment development project in Redlands, California. Situated on a 0.35-acre lot at the southeast corner of Brookside Avenue and Parkwood Drive, this prime location boasts a Walk Score of 92, making it a walker's paradise. The project features a mix of one- and two-bedroom units within a three-story building, complete with covered parking and an elevator. All impact and school fees, totaling $120,000, have already been paid, significantly reducing upfront costs. Rough grading is complete, ensuring a streamlined construction process. The property is zoned A-P and its APN is 0171-241-24. This development is ideally located minutes from the ESRI corporate headquarters and downtown Redlands, offering convenient access to the 10 and 210 freeways. The newly constructed Redlands-University Metrolink station, providing easy access to San Bernardino and Los Angeles, is also within minutes. This is a truly remarkable opportunity to acquire a fully permitted and prepared multifamily development in a thriving Southern California market. The asking price for this exceptional property is $1,670,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Redlands
- County
- San Bernardino
- State
- California
- Longitude
- -117.187189
- Latitude
- 34.054135
