Seller's Agent in 2025
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
1 in this area
65 Total Sales
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.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $4,800,000 | First American Title Insurance | |
| Grant Deed | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Benefit Land Title |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,800,000 | New Conventional | |
| Previous Owner | $1,802,500 | Purchase Money Mortgage | |
| Previous Owner | $241,500 | Purchase Money Mortgage |
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/18/2025 06/18/25 | Sold | $4,800,000 | -20.0% | $174 / Sq Ft | |
| 06/04/2025 06/04/25 | Pending | -- | -- | -- | |
| 05/09/2025 05/09/25 | Price Changed | $6,000,000 | -11.1% | $217 / Sq Ft | |
| 04/22/2025 04/22/25 | For Sale | $6,750,000 | +162.1% | $245 / Sq Ft | |
| 04/24/2013 04/24/13 | Sold | $2,575,000 | -8.0% | $93 / Sq Ft | View Prior Sale |
| 03/13/2013 03/13/13 | Pending | -- | -- | -- | |
| 11/07/2012 11/07/12 | For Sale | $2,800,000 | -- | $101 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,968 | $507,350 | $100,977 | $406,373 |
| 2024 | $5,968 | $497,402 | $98,997 | $398,405 |
| 2023 | $5,961 | $487,649 | $97,056 | $390,593 |
| 2022 | $5,876 | $478,087 | $95,153 | $382,934 |
| 2021 | $5,982 | $468,712 | $93,287 | $375,425 |
| 2020 | $5,894 | $463,905 | $92,330 | $371,575 |
| 2019 | $5,731 | $454,809 | $90,520 | $364,289 |
| 2018 | $5,590 | $445,891 | $88,745 | $357,146 |
| 2017 | $5,543 | $437,148 | $87,005 | $350,143 |
| 2016 | $5,481 | $428,576 | $85,299 | $343,277 |
| 2015 | $5,442 | $422,139 | $84,018 | $338,121 |
| 2014 | $5,344 | $413,870 | $82,372 | $331,498 |
Seller's Agent in 2025
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
1 in this area
65 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25088667
APN: 0169-092-01