317 Brookside AveRedlands, CA 92373

Property Details for 317 Brookside Ave

Property type

Other commercial real estate

Property subtype

Other land

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.

Location Insight

City

Redlands

County

San Bernardino

State

California

Latitude

34.0541

Longitude

-117.187

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