2 months on rocket

331 Cajon St, Redlands, CA, 92373

$2,349,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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331 Cajon St, Redlands$2,349,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1930
CoolingZoned
MLS #240017045SD
StatusActive

About 331 Cajon St

Discover a prime investment opportunity in downtown Redlands, CA, with this meticulously maintained 12-unit apartment building featuring classic 1930's Spanish Style architecture. Ideal for multifamily investors, this property blends historical charm with modern updates and strong financial performance. Operating at an impressive 4.9% CAP rate, the building generates $16,217 in monthly gross income. Several units have been recently renovated to offer contemporary features such as granite countertops, terrazzo flooring, country kitchens, breakfast nooks, and mini split air conditioning, ensuring tenant comfort and satisfaction. Conveniently located within walking distance to downtown Redlands' vibrant shops, restaurants, and cultural venues, the property attracts tenants seeking a desirable urban lifestyle. Its proximity to Redlands University also provides a steady rental market among students and faculty. Featuring an interior corridor layout for added privacy and security, this property offers stability and growth potential in one of Redlands' most sought-after neighborhoods. Whether you're expanding your portfolio or starting anew in the multifamily market, this opportunity combines historic charm with smart investment potential.

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Stories: 2

Listing Office:

  • Office Name: South Coast Commercial, Inc.
  • Office Phone: (619) 226-6011
  • Listing Agent: Adrian Gonzalez-Pureco

Virtual/3D Tour

  • Virtual Tour: 331 Cajon St
Virtual Tour

Utilities

Utilities Information:

  • Cooling: Zoned

School Info

Assigned Schools Information:

  • Redlands Senior High School, Public District Grades 9-12
  • Redlands Eacademy, Public District Grades KG-12
  • Cope Middle School, Public District Grades 6-8
  • Kingsbury Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: CrossStreet: W Fern St

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,349,000

Tax Information:

  • Annual Amount: $16,603
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Redlands, CA.

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Redlands, CA

City

Med. Sold Price

$633.7K

Med. Price/SqFt

$369

Avg. Days On Market

32

# of Sold Homes

49

331 Cajon St vs Redlands

67 DAYS ON ROCKET

+35 Days

$2,349,000

+$1.7M More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price in Redlands, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #240017045SD

Listing Office:

  • Office Name: South Coast Commercial, Inc.
  • Office Phone: (619) 226-6011
  • Listing Agent: Adrian Gonzalez-Pureco

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/28/2024, 3:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 01, 2006Home Sold
$1,050,000
Mar 08, 2002Home Sold
$375,000

Tax History

YEARPROP. TAXASSESSMENT
2021$16,603$1,299,649
2020$15,906$1,286,322
2019$15,515$1,261,100
2018$15,387$1,236,373
2017$13,596$1,212,130

History based on county public records data.

Payment Calculator

$11.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,109

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1416675
6
/10

  • Kingsbury Elementary School

  • 600 Cajon St

  • 0.42 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1416676
6
/10

  • Cope Middle School

  • 1000 W Cypress Ave

  • 0.83 miles

  • Public District Grades 6-8

High School

school-card-donut-1416677
8
/10

  • Redlands Senior High School

  • 840 E Citrus Ave

  • 0.57 miles

  • Public District Grades 9-12

school-card-donut-1416678
6
/10

  • Redlands Eacademy

  • 820 West Stuart Ave

  • 0.93 miles

  • Public District Grades KG-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,804. Most Redlands, CA residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 331 Cajon St

What is the listing price of this property?

The listing price of 331 Cajon St property is $2,349,000.

What type of property is this?

The property 331 Cajon St is a house located in Redlands, California, 92373.

Is this property for sale now?

Active Listing: 331 Cajon St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 331 Cajon St are:
Kingsbury Elementary School: GreatSchools Rating 6/10
Cope Middle School: GreatSchools Rating 6/10
Redlands Senior High School: GreatSchools Rating 8/10
Redlands Eacademy: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $16,603 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 1, 2006 for $1,050,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 331 Cajon St is 1930.

Rocket Homes›California›San Bernardino County›Redlands›92373›331 Cajon St

This home is located at 331 Cajon St in Redlands, CA and zip code 92373 in the South Redlands neighborhood. This home was built in 1930. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $2,349,000.

In August 2024 more than 19 listings in Redlands, CA were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 19 were sold below. The number of homes for sale in Redlands, CA decreased by 6.2% between July 2024 and August 2024. In August 2024 median list price was $633,750 and the average listing age was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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