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1205 N University St - The Residence at Casa Loma

5.7 Acres of Residential Land Offered at $12,495,000 in Redlands, CA 92374

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Investment Highlights

Approved 147-Unit Apartment Project with Permits RTI
Adjacent to the University of Redlands

Desirable Mix of Studio, 1 BDRM, 2 BDRM Units - All Market Rate

Executive Summary

“The Residence At Casa Loma” provides a unique opportunity to purchase an approved, permit-ready, 147-unit apartment project in an infill location adjacent to the University of Redlands and within a close proximity to Downtown Redlands, major freeways, public transportation, and retail amenities. Please refer to the OM for all details regarding this project.

OM - The Residence at Casa Loma

Property Facts

Price	$12,495,000	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Residential
No. Lots	1	Total Lot Size	5.70 AC

Price	$12,495,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	5.70 AC

1 Lot Available

Lot

Price	$12,495,000	Lot Size	5.70 AC
Price Per AC	$2,192,105

Price	$12,495,000
Price Per AC	$2,192,105
Lot Size	5.70 AC

PROPERTY TAXES

Parcel Numbers	Multiple 1212-371-18 1212-371-13 1212-371-16 1212-371-19 1212-371-01 1212-371-09 1212-371-12 1212-371-14 1212-371-17 1212-371-15 1212-371-20 1212-371-08 1212-371-10 1212-371-11	Improvements Assessment	$0
Land Assessment	$2,748,695	Total Assessment	$2,748,695