Keegan Cin | Realtor® | License # DRE 01971604

Property

Redlands, CA 92374 1002 Tribune Street

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Presented By: Eric Chen with CB RICHARD ELLIS; 626-757-5717
  • MLS# CV25088667
  • 04/22/2025
  • Request Tour
  • Request Info
  • Beds • 54
  • Full/Half Baths • 5 / 1
  • SQFT • 27,592
  • Garage • 25
  • Year Built • 1964

Home Details

We are proud to present an unique investment opportunity in the heart of Redlands: The Los Arboles Apartments. This 25-unit property, located at 1002, 1006, 1016, 1022, and 1028 Tribune Street and 1001 and 1007 Post Street, offers a rare advantage – it comprises seven individually parceled buildings (three triplexes and four fourplexes) situated on a spacious 1.66-acre lot. Built in 1965, the well-maintained complex features pitched composition roofs, and secure iron fencing with entry gates around all but one of the building clusters. The desirable unit mix includes primarily single-story two-bedroom/two-bathroom units, supplemented by townhouse-style two-bedroom/two-bathroom units and three-bedroom/two-bathroom units within two of the fourplexes. Residents benefit from ample parking with 23 garages, 4 carports, and 13 open spaces. The properties boast mature landscaping with lovely mountain views, courtyards, laundry facilities, individual porches or patios, and ample street parking. Units feature fully equipped kitchens with oven ranges, horizontal blinds, AC/ heating, storage space, carpet flooring, spacious floorplans, ample closet space and select units have dishwashers. Strategically positioned near vibrant Downtown Redlands and the University of Redlands, Los Arboles offers investors a stabilized asset with significant structural flexibility and strong location fundamentals. Redlands benefits from a diverse and resilient economy, anchored by major employers in technology (like global GIS leader Esri), logistics (including large distribution centers), healthcare, and education (University of Redlands). This robust employment base consistently attracts a strong workforce, driving sustained demand for rental housing throughout the city. The Los Arboles Apartments offers a central location with convenient access to the Metrolink Downtown Redlands Commuter Rail Station. The property is also nearby to shopping centers, theaters, restaurants, and trendy shops, catering to diverse needs and providing excellent entertainment options. The Los Arboles Apartments is a stable income-producing asset in the Inland Empire, promising a strong return on investment. Whether you’re a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Presented By: Eric Chen with CB RICHARD ELLIS; 626-757-5717

Interior Features for 1002 Tribune Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 1002 Tribune Street

Additional Parcels Description-02, -03, -04; -05, -10, -09
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.69
Carport Y/NNo
CityRedlands
Community FeaturesCurbs, Sidewalks
CoolingCentralAir, WallWindowUnits
CountySan Bernardino
DirectionsMerge onto I-10 E, Take exit 79 toward Orange St/CA-38/Downtown Redlands, Turn left onto Eureka St, Turn right onto W Colton Ave, Turn left onto Tribune St
Electric Expense1400.0
Electric On Property Y/NNo
Entry Location1
Garage Spaces25.0
Garage Y/NYes
Gross Income547272.0
HOANo
HeatingCentral, WallFurnace
Home Warranty Y/NNo
Insurance Expense20000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet73572.0
Lot Size UnitsSquareFeet
MLS Area268 - Redlands
MaintenanceExpense18750.0
MobileHomeRemainsYNNo
Net Operating Income316246.0
New ConstructionNo
Number Of Units Total25
Number of Units Leased20
Open Parking Spaces25.0
Operating Expense203662.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot1
Taxes$87,566
Total Actual Rent547272.0
Trash Expense22175.0
Water Sewer Expense22175.0
Waterfront Y/NNo
Year Built1964
Year Built SourceAssessor

Exterior for 1002 Tribune Street

Building Area Total27592.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwentyOneToTwentyFiveUnitsAcre
Lot Size Acres1.689
Lot Size Area73572.0
Lot Size SourceAssessor
Number of Buildings7
Number of Separate Electric Meters25
Number of Separate Gas Meters25
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking50.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $6,750,000
MLS#CV25088667
List Date 04/22/2025
Property Type Multi-Family
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