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317 Brookside Ave - Brookside Court Apartments
0.34 Acres of Commercial Land Offered at $1,409,070 in Redlands, CA 92373
Investment Highlights
- Shovel Ready Project
- Walkable distance to prestigious University of Redlands
Executive Summary
Key Features:
Approved for 8 residential units with modern design potential
Prime location in a high-demand rental market
Close to Redlands’ vibrant downtown, shopping, dining, and entertainment
Easy access to the 10 and 210 freeways and commuter transit
This property is perfect for developers or investors looking to capitalize on Redlands’ growth and strong rental demand. With approvals, this is your chance to bring a lucrative multi-family project to life in a thriving community.
Data Room Click Here to Access
Financial Summary (Pro forma - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$208,944
|
$607,395.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,447
|
$30,369.19
|
| Effective Gross Income |
$198,497
|
$577,026.16
|
| Taxes |
$27,500
|
$79,941.86
|
| Operating Expenses |
$16,715
|
$48,590.12
|
| Total Expenses |
$44,215
|
$128,531.98
|
| Net Operating Income |
$154,282
|
$448,494.19
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $208,944 |
| Annual Per AC | $607,395.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | $10,447 |
| Annual Per AC | $30,369.19 |
| Effective Gross Income | |
|---|---|
| Annual | $198,497 |
| Annual Per AC | $577,026.16 |
| Taxes | |
|---|---|
| Annual | $27,500 |
| Annual Per AC | $79,941.86 |
| Operating Expenses | |
|---|---|
| Annual | $16,715 |
| Annual Per AC | $48,590.12 |
| Total Expenses | |
|---|---|
| Annual | $44,215 |
| Annual Per AC | $128,531.98 |
| Net Operating Income | |
|---|---|
| Annual | $154,282 |
| Annual Per AC | $448,494.19 |
Property Facts
| Price | $1,409,070 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Conditions | Build to Suit | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.34 AC |
| Price | $1,409,070 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.34 AC |
1 Lot Available
Lot
| Price | $1,409,070 | Lot Size | 0.34 AC |
| Price Per AC | $4,096,134 |
| Price | $1,409,070 |
| Price Per AC | $4,096,134 |
| Lot Size | 0.34 AC |
317 Brookside Ave, Redlands, CA 92373: Exceptional 8-unit apartment lot near downtown, offering a prime investment opportunity. Approved plans streamline development in a sought-after area with convenient freeway and Metrolink access.
Description
This property offers a rare and highly desirable opportunity to acquire a truly shovel-ready site for an 8-unit apartment development. With all plans, permits, and entitlements fully approved, this project is ready for immediate construction, eliminating the delays and uncertainties often associated with pre-development phases. Impact and school fees have already been paid, providing a significant cost advantage and further streamlining the development process. Thoughtfully designed for modern multi-family living, this project is tailored to meet market demand and deliver long-term value. For investors or developers seeking a hassle-free entry into a high-demand housing market, this shovel-ready site stands out as a strategic and efficient investment opportunity. Contact us for more details, plans, and to schedule a tour.
PROPERTY TAXES
| Parcel Number | 0171-241-24 | Total Assessment | $368,193 (2024) |
| Land Assessment | $368,193 (2024) | Annual Taxes | $27,500 |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
zoning
| Zoning Code | AP |
| AP |
Presented by
Plf Real Estate Solutions
317 Brookside Ave - Brookside Court Apartments
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