305 W Olive Avenue

Redlands, CA 92373

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,800 Sqft
  • 8400
    Sqft(Lot)
$1,400,000

Description

We are proud to exclusively present for sale a 7-unit apartment community located at 305 w olive avenue in the historic downtown district of the city of redlands. the property is part of a portfolio of multifamily properties all within blocks of one another which includes 305 w olive avenue (7 units); 205 w fern avenue (8 units); 108 w olive avenue (4 units); and 304 eureka street (3 units). all properties can be sold together or individually.

305 w olive avenue is located south of interstate 10 and is situated between alvarado street and grant street, south of redlands boulevard. it is walking distance to downtown redlands, olive market, the redlands bowl and smiley library. it is within biking distance to esri (the city’s top employer) and the university of redlands; and within five miles of loma linda university medical center.

305 w olive avenue offers convenient access to the 10, 210 and 215 freeways and neighboring cities in the county—loma linda, yucaipa, and colton. it is located less than 6 miles from the san bernardino international airport and just a short drive from riverside, ontario, moreno valley, and san bernardino – all major logistic hubs within the region. several significant local landmarks are also within a short distance, including: yaamava' resort & casino, big bear lake, lake arrowhead, the san bernardino national forest, morongo casino resort & spa and more.

built in 1906, 305 w olive avenue is comprised of one three-story mansion that was legally converted to seven units comprising of two studios, four one-bedroom/one-bath units, and one large penthouse one-bedroom/one-bathroom unit. the property has a lot size of ±8,400 square feet and total rentable square feet of approximately ±3,800 square feet. the units feature built-in cabinetry, high ceilings, ceiling fans, wall air conditioning and heating, and included appliances. the common areas feature lush landscaping with large mature trees and an on-site laundry facility.

305 w olive avenue is an income-producing property and a great long-term value-add investment opportunity. the property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.

  • Property Type

    Residential Income

  • County

    San Bernardino

  • Style

    Residential Income

  • AD ID

    47517090

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1906
    • Building Area Total: 3,800

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1928
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 8400

  • Listing Price Information

    • Original List Price: 1,400,000
    • Listing Contract Date: 2024-11-01

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 0171321220000

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: 268 - Redlands
    • Postal Code Plus 4: 4103
    • Directions: Merge onto I-10 E, Take exit 79 toward Orange St/CA-38/Downtown Redlands, Turn right onto Eureka St, Turn right onto W Olive Ave
    • Source Property Type: Residential Income
    • Area: 268 - Redlands
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 118
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/16/2024 @ 19:56

  • MLS: CV24226009
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 3,800 sqft, 8,400 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Redlands , in zip code 92373, this San Bernardino County Home are nearby neighborhoods.