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120 W Olive Avenue Redlands, CA $ 1,299,000
120 W Olive Avenue
$ 1,299,000
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120 W Olive Avenue

Redlands, CA, 92373
$ 1,299,000
Baths1.0 Sq 3,080

Monthly Estimate*

$ 8,104

Listed by Pacific Avenue Realty
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Studio

Multi-Family Home for sale in Redlands, CA

for $1,299,000 with 1 full bath. This 3,080 square foot home was built in 1940 on a lot size of 0.1928.

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!

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Multi-Family Active

Price

$ 1,299,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1928

Year Built

1940

Town/City

Redlands

County/Region

San Bernardino

MLS | Web ID

OC24245058

Days on Market

334

Features
General
Sewer Public Sewer
Garage Spaces 0
Pool Features None
Year Built 1940
Tenant Pays Electricity Gas
Property Subtype Apartment
Gross Income 101944
Community Features Curbs Sidewalks
County San Bernardino
Net Operating Income 68644
Operating Expense 33296
Insurance Expense 6000
New Construction 0
Property Type Residential Income
Garage Y/N 0
Special Listing Conditions Standard
Status Active
Directions Cross Streets: Eureka St & Olive Ave
City Redlands
Entry Location Front
Senior Community Y/N 0
Number Of Units Total 5
MLS Area 268 - Redlands
Lot Size Units Square Feet
Lot Size Square Feet 8400
Number of Units Leased 5
Listing Terms Cash Conventional 1031 Exchange
Property Attached Y/N 1
Land Lease Y/N 0
Electric Expense 0
Fuel Expense 0
Trash Expense 1800
Water Sewer Expense 1800
Additional Parcels Y/N 0
Rent Control Y/N 0
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 15
Total Actual Rent 101940
Property Sub Type Additional Apartment
Taxes 17298
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Interior
Total Stories 2
Common Walls 1 Common Wall
Laundry Features None
Entry Level 1
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Exterior
Lot Features 0-1 Unit/Acre Front Yard
Water Source Public
Total Parking 0
Lot Size Area 8400
Number of Buildings 1
Building Area Total 3080
Lot Size Acres 0.1928
Private Pool 0
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
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* Excluded Features
List By
Pacific Avenue Realty

Broker

psampat23@gmail.com

Email

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$8,104
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Monthly Principal & Interest
$8,104
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,299,000 Listed Price

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120 W Olive Avenue, Redlands, CA, 92373 is a Multi-Family Home for sale at $1,299,000 with 3,080 sqft and a lot size of 0.1928. 120 W Olive Avenue is a studio with 1.0 baths and was built in 1940. The property's zip code is 92373 which is in Redlands, CA