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With commercial financing becoming more available throughout the nation right now we are seeing more and more apartment building sales on the rise.  Buyers are coming the fence and starting to leverage sweet deals vs. paying all cash.

The popular areas have primarily been Redlands, Loma Linda, and UC Riveside. These areas hold strong demographics as well as demand for housing.

Address	City	Gross Income	Units	GRM	Sold Price
713 E State St	Redlands	$12,000	2	9.4	$112,800
1103 Columbia St	Redlands	$15,000	2	7.9	$118,000
1012 Herald St	Redlands	$19,000	2	6.3	$120,000
119 6th St	Redlands	$16,800	2	8.2	$137,000
10648 Ohio St	Loma Linda	$16,800	2	9.8	$159,000
11165 San Mateo Dr	Loma Linda	$17,000	2	9.6	$163,000
25192 Van Leuven St	Loma Linda	$23,400	3	7.1	$165,000
910 Brockton Ave	Redlands	$16,000	2	12.5	$200,000
1002 Lombard Dr	Redlands	$28,000	4	7.3	$205,000
1124 Post St	Redlands	$26,500	4	8.1	$214,000
1109 Post St	Redlands	$25,200	3	8.5	$215,000
1106 Post St	Redlands	$33,600	4	6.7	$225,000
1028 Oxford Dr	Redlands	$30,200	4	7.6	$230,000
1007 Post St	Redlands	$33,300	4	7.1	$235,200
209 Judson St	Redlands	$34,000	4	7.3	$247,000
11234 Ballaire St	Loma Linda	$19,200	2	13.9	$265,000
25157 Van Leuven St	Loma Linda	$42,000	4	6.7	$280,000
1140 Tribune St	Redlands	$36,000	4	7.9	$285,000
24290 Barton Rd	Loma Linda	$34,500	3	8.7	$300,000
610 E Lugonia Ave	Redlands	$48,000	4	7.1	$337,000
41 Price St	Redlands	$53,040	4	6.8	$362,100
4 Price St	Redlands	$54,412	4	6.9	$375,000
44 Kansas St	Redlands	$50,800	4	7.3	$385,000
25220 Park Ave	Loma Linda	$38,400	4	10.3	$395,000
1359 Milburn Ave	Redlands	$66,000	4	6.9	$455,000
1334 Milburn Ave	Redlands	$52,163	4	9.1	$470,000
24280 Barton Rd	Loma Linda	$74,820	6	8.1	$600,000
709 Brookside	Redlands	$72,000	6	8.3	$600,000

 

Should you like to know what your real estate could bring in today’s market, please give us a call.  At absolutely no obligation we will prepare a market analysis specific for your property. 

CAPRE Commercial Group

Nathan Diones

909-709-3781

nathandiones@gmail.com