Charming five-unit apartment building in the highly desirable South Redlands area, offering an excellent investment opportunity with strong cash flow and low expenses. This fully-occupied property features a versatile mix of units, including one spacious 2-bedroom, 2-bathroom unit, two comfortable 1-bedroom, 1-bathroom units, and two cozy studio apartments. Each unit is separately metered for electricity and gas, enhancing efficiency for both owners and tenants. The property exudes curb appeal, with a manicured green lawn out front that creates an inviting atmosphere for residents and visitors alike. Inside, each unit enjoys a combination of tile, vinyl, and/or real hardwood flooring. Additionally, an array of private balconies and patios provide residents with peaceful outdoor spaces to enjoy. Situated within walking distance of downtown Redlands, tenants can easily access a variety of shopping, dining, and entertainment options, all just steps away. The prime location, steady occupancy, and diverse unit mix make this property a rare find and a smart addition to any investor''s portfolio. Don’t miss out on this exceptional opportunity- schedule a viewing today!
Property Details
Price:
$1,350,000
MLS #:
OC24245058
Status:
Active
Baths:
0
Address:
120 W Olive Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
268redlands
City:
Redlands
Listed Date:
Jan 13, 2025
State:
CA
ZIP:
92373
Lot Size:
8,400 sqft / 0.19 acres (approx)
Year Built:
1940
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Schools
Interior
Exterior
Community Features
Curbs, Sidewalks
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre, Front Yard
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address120 W Olive Avenue Redlands CA
- Area268 – Redlands
- CityRedlands
- CountySan Bernardino
- Zip Code92373
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Courtesy of Pacific Avenue Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
120 W Olive Avenue
Redlands, CA
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