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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120 W Olive Avenue
Redlands, CA
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