1002 Tribune St, Redlands, CA 92374

Property Description

The Los Arboles Apartments is a 25-unit apartment building located at 1002-1028 Tribune Street and 1001-1007 Post Street in the city of Redlands. Built in 1965, the property consists of three triplexes and four-fourplexes that are all individually parcels situate on a 1.66 acre lot. Two of the fourplexs and all three triplexes are comprised of all two-bedroom/two-bathroom single-story units. The other two-fourplexes include two two-bedroom/ two-bathroom townhouse style units and two three-bedroom/two-bathroom units. The seven buildings have iron fences and entry gates surrounding each complex. The property has new exterior paint and pitched composition roofs. There are 23 garages, four carports and 13 open parking spaces total on site. Also one laundry room per building; currently only two laundry rooms are in use, one is located on Tribune Street, one is located on Post Street and the other one is used as storage. Over seventy percent of the plumbing has been repiped within the past five years. This is a rare investment opportunity for an astute investor to own seven individual parcels located near downtown Redlands and minutes from Redlands University.