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Pebblebrook Apartments 631 Church St 52 Unit Apartment Building $20,772,787 CAD ($399,477 CAD/Unit) 4.93% Cap Rate Redlands, CA 92374



Investment Highlights
- * Strategic Location: Only one block from the University of Redlands and near Historic downtown
- *Spans over 3 acres with 7 buildings and encompassed by a park like setting and ability to add ADUs -Plans for 5
- * Gated property with controlled access.
- * Strong rental demand from students, professionals, and families.
- * Rare mix of 1-, 2-, and 3-bedroom designs. Included Washer/dryer and large PRIVATE outdoor space
- * Reposition Opportunity: Potential to enhance income with further updates, ADU construction, and rent optimization
Executive Summary
Pebble Brook Apartments in beautiful quaint Redlands, CA offers residents a highly advantageous location that blends convenience, community, and quintessential Southern California charm. Situated just one block from the University of Redlands and Historic downtown Redlands, this address places you within easy walking distance of vibrant local eateries, boutique shops, cultural attractions, parks, and community events — making it ideal for students, professionals, and anyone who enjoys a lively yet relaxed neighborhood atmosphere. Pebble Brook offers 1, 2,and 3 bedroom units that are spacious and well though out and a true sense of home. Amenities that offer tenants comfort, security are very ample. Proximity to major roads like the 10 Freeway also means commuting to nearby cities and key employment centers is simple and efficient. The gated, park-like setting further enhances the appeal, giving residents a sense of tranquility amidst an urban-friendly environment.
Beyond its enviable location, living at Pebble brook brings everyday lifestyle benefits that many find truly rewarding. The community features thoughtfully designed floor plans with spacious patios and or balconies, modern kitchens, and in-unit conveniences like full-size washers and dryers, allowing for comfortable and functional living. Being in such a central and connected part of Redlands means essential services like schools, shopping, and recreational amenities are all close by.
For the astute investor Pebble Brook offers several options for upside- whether its further upgrades, ADU construction or focused management this asset provides all the avenues. With 7 living buildings spanning over 3 acres, and garages for all - this project offers opportunities for income streams waiting to be capitalized on.
Beyond its enviable location, living at Pebble brook brings everyday lifestyle benefits that many find truly rewarding. The community features thoughtfully designed floor plans with spacious patios and or balconies, modern kitchens, and in-unit conveniences like full-size washers and dryers, allowing for comfortable and functional living. Being in such a central and connected part of Redlands means essential services like schools, shopping, and recreational amenities are all close by.
For the astute investor Pebble Brook offers several options for upside- whether its further upgrades, ADU construction or focused management this asset provides all the avenues. With 7 living buildings spanning over 3 acres, and garages for all - this project offers opportunities for income streams waiting to be capitalized on.
Property Facts
| Price | $20,772,787 CAD | Apartment Style | Garden |
| Price Per Unit | $399,477 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 3.07 AC |
| Cap Rate | 4.93% | Building Size | 39,424 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 94% |
| Gross Rent Multiplier | 13.1 | No. Stories | 2 |
| No. Units | 52 | Year Built/Renovated | 1980/2025 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | Z-2, Redlands | ||
| Price | $20,772,787 CAD |
| Price Per Unit | $399,477 CAD |
| Sale Type | Investment |
| Cap Rate | 4.93% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.1 |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.07 AC |
| Building Size | 39,424 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2025 |
| Opportunity Zone |
Yes |
| Zoning | Z-2, Redlands |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- Eat-in Kitchen
- Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Lawn
- Patio
Site Amenities
- Fenced Lot
- Laundry Facilities
- Property Manager on Site
- Spa
- Gated
- Basketball Court
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $2,861 CAD | - |
| 2+1 | 8 | $3,126 CAD | - |
| 2+2 | 16 | $3,617 CAD | - |
| 3+2 | 4 | $4,018 CAD | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0169-192-13 | Improvements Assessment | $13,337,923 CAD |
| Land Assessment | $5,767,750 CAD | Total Assessment | $19,105,673 CAD |
Property Taxes
Parcel Number
0169-192-13
Land Assessment
$5,767,750 CAD
Improvements Assessment
$13,337,923 CAD
Total Assessment
$19,105,673 CAD
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Pebblebrook Apartments | 631 Church St
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