Sold for $700,000 on Apr 12, 2019
We are pleased to offer for sale The Lombard Drive Apartments. This 4 unit "bite size" opportunity should provide and newer and experienced investor stable cash flow and tenant profile due to the desirable unit mix of all 2 bedroom units. Built in 1964, the subject property is situated on a large corner parcel with mature landscaping including citrus trees. The city of Redlands is located in San Bernardino County off of Interstate 10 and is adjacent to the communities of Loma Linda, Yucaipa and San Bernardino. The city is home to the prestigious University of Redlands and is situated just a mile east of the subject property. Strategically positioned in an extremely dense employment area. Major national tenants include: Walmart, Target, CVS Pharmacy, Starbucks, Shell Gas, Five Guys, Chipotle, Five Below, as well as many others that offer the tenant profile many employment opportunities. Located less than five miles south of the subject property are Loma Linda University Surgical Hospital and Redlands Community Hospital, which are both general and surgical facilities with a combined bed count of 876. Additionally, San Bernardino International Airport is located in the Heart of the Inland Empire and within a five-mile radius of the subject property. There are approximately 86,642 individuals residing within a three mile radius of the property and over 219,279 individuals within a five-mile radius.
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The Mission Company, Inc. | BRE 01380867 | NMLS 1562962 | 909-307-1225 office 909-307-1224 fax | email@example.com
31258 Endymion Way, Redlands CA 92373
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