101 W Fern - Apartments FOR SALE


Redlands, CA 92373- South Redlands
$1,625,000 USD
310-963-8939
101 W Fern, Redlands, CA for Sale
$1,625,000 USD
Apartments - FOR SALE
1/9
null | 5.1% Cap Rate

101 W Fern
Redlands, CA 92373
South Redlands


HIGHLIGHTS

  • A+ REDLANDS LOCATION ON FERN AVE IN SMILEY HEIGHTS HISTORIC DISTRICT
  • LARGE 9,300+ SF LOT INCLUDED 4 ONE CAR GARAGES & OPEN SPACES - EXCELLENT ADU POTENTIAL
  • SELLER FINANCING AVAILABLE - CONTACT LISTING AGENT FOR DETAILS

OVERVIEW

Located on prestigious Fern Avenue in the highly desirable Smiley Heights Historic District, this 7-unit multifamily property is a rare find in an A+ Redlands location. Just minutes from Downtown Redlands, the University of Redlands, and ESRI headquarters - the world's leading location-based technology company - this property is perfectly positioned for strong rental demand. Situated on a spacious 9,300+ sq. ft. lot, this property features a huge parking area with 4 private garages plus additional open parking spaces. Additionally, the ample lot size provides excellent potential for adding Accessory Dwelling Units (ADUs), offering investors a fantastic opportunity to increase rental income. Residents enjoy the best of South Redlands, with tree-lined streets, historic charm, and modern conveniences all within reach. The area boasts top-rated public schools, scenic parks, shopping centers, fitness facilities, and a vibrant dining scene. Plus, with easy access to I-10, San Bernardino International Airport (7 miles away), and surrounding cities, this is an unbeatable location for tenants. This is an outstanding opportunity to own a well-positioned investment property with significant value-add potential in one of Redlands' most sought-after areas. Seller financing may be available.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

7

PRICE/UNIT

$232,143

CAP RATE

5.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Fern Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R3, Redlands

APN/PARCEL ID

0173-033-05

ASK ABOUT THIS PROPERTY

Jesse StampsKW Commercial Beverly HillsMore Info
310-963-8939

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Jesse StampsKW Commercial Beverly HillsMore Info
310-963-8939

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.