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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.

Property Facts

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 -
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

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
  • Listing ID: 39586779

  • Date on Market: 2026-02-26

  • Last Updated:

  • Address: 631 Church St, Redlands, CA 92374

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