Redlands, CA 92374,1002 Tribune ST
Redlands, CA 92374,1002 Tribune ST
Redlands, CA 92374,1002 Tribune ST
Redlands, CA 92374,1002 Tribune ST
Redlands, CA 92374,1002 Tribune ST
Redlands, CA 92374,1002 Tribune ST
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$ 6,750,000
Est. payment | /mo

1.69 Acres Lot


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$ 6,750,000
Est. payment | /mo
Save

1.69 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25088667

HOA Y/N No

Year Built 1964

Lot Size 1.689 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County San Bernardino

Area 268 - Redlands

Interior

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 25.0

Garage Description 25.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 50

Private Pool No

Building

Lot Description 21-25 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 0169092010000

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Eric Chen • CB RICHARD ELLIS • 626-757-5717

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

rwgbjg

Exceptional Realtors

There are a number of solid and competent realtors that can help you navigate the paperwork needed to either close a sale or negotiate a purchase of a home. The number of exceptional realtors who can develop a effective markeketing plan based on research, investment and strength of intellect and character are few and hard to find. Patrick and Ruby Raymond are those exceptional realtors. In addition, the other members of their team were each exceptional and epitomize professionalism. When Patrick first approached me, he stated a price than our home would generate that exceeded what I thought the market would bear. Then he proceeded to explain how this sale price could happen. First, he knew our neighborhood and its strength and weaknesses regarding its saleability. Next, he revealed the investments he had made to obtain a data base of pre-qualified buyers from throughout our state and around the country. Finally, Patrick and Ruby provided an in depth strategy on how to stage our home, establish timelines, and present tools they would use to sell the home. Some of their strategies were known but not always followed by other realtors, and additional strategies were proprietary to the Raymond team. The result was that we received three offers each either meeting of exceeding what Patrick and Ruby first told us our home could sell for. Throughout the process they both remained calm and focused even when little hickups occurred. It was a learning experience for us when we had questions about staging the home I found out later from the buyers how much Rubys’ strategies influenced their purchasing decision. Needless to say it is without any reservations that we would recommend the Raymond team whether you are purchasing or selling a home. P.S. They even gave us great input on strategies on how to buy our current home in a very competitive market.

Heather Squire

Transparent, Reliable & Honest

Ruby was extremely helpful, open, transparent, and reliable through the whole process, she really cared about us, understood our needs. Ruby was always available to answer our questions. Ruby really is the best! She was thorough and professional and great to work with. She scheduled the inspection and pest company, made it so easy to get everything done. She was honest and forthright- no games. Would use her again tomorrow if we were to buy or sell in the area.

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

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