626 W Olive Redlands, CA $ 4,449,000
626 W Olive
$ 4,449,000
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626 W Olive

Redlands, CA, 92373
$ 4,449,000
Bedrooms-- Baths0.0 Sq 11,619

Monthly Estimate*

$ 28,091

Listed by Daniel Corcoran, Corcoran Group of California Inc., dmcor@cgroupca.com
626 W Olive, Redlands, CA 92373 - Image 1
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626 W Olive, Redlands, CA 92373 - Image 3
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626 W Olive, Redlands, CA 92373 - Image 10
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626 W Olive, Redlands, CA 92373 - Image 12
626 W Olive, Redlands, CA 92373 - Image 13

Multi-Family Home for sale in Redlands, CA

for $4,449,000. This 11,619 square foot home was built in 1906 on a lot size of 1.4.

An extremely rare opportunity to acquire seventeen classic units on three lots in the heart of historic South-Side Redlands. The offering includes all buildings on W. Olive from Center Street to Michigan Avenue (610–634 W. Olive, 127 Center, and 132 Michigan). The buildings still display their original names from the early 1900s, when they were “Winter Bungalows” where wealthy “Easterners” enjoyed the orchards and warm winter climate of Redlands. Each unit is unique. Some are more modern, but most are original and feature fireplaces, hardwood floors, formal dining rooms, roll-under beds that double as desks when rolled in, built-in hutches, large closets, sun porches, patios, and evening front porches. Other original details include ceiling treatments, real ice boxes (for use with real ice), and well-preserved hexagonal floor tiles. Imagine ladies with parasols enjoying lawn bowling on the broad green lawns. The carports were likely built for horse-drawn carriages. Enjoy a walk around, but please do not disturb the tenants. Some landscapes have been watered by AI.

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Multi-Family Active

Price

$ 4,449,000

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

1.4

Year Built

1906

Town/City

Redlands

County/Region

San Bernardino

MLS | Web ID

IG26211872

Days on Market

3

Features
General
Sewer Public Sewer
Cooling Wall/Window Unit(s)
Garage Spaces 4
Pool Features None
Year Built 1906
Tenant Pays Cable TV Electricity Gas
Stories Count 1
Levels One
Property Subtype Mixed Use
Gross Income 0
Community Features Sidewalks
Additional Parcels Description 0171231270000 0171231300000
County San Bernardino
Net Operating Income 272719
Operating Expense 121221
Insurance Expense 22814
New Construction false
Property Type Residential Income
MaintenanceExpense 20880
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Entire block between Center and Michigan
City Redlands
Entry Location 1
Senior Community Y/N false
Number Of Units Total 17
MLS Area 268 - Redlands
Lot Size Units Acres
Lot Size Square Feet 60984
Listing Terms Cash Cash to New Loan 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 9000
Fuel Expense 10052
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N true
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 6
Property Sub Type Additional Mixed Use
Taxes 56250
Cap Rate 4.48
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Interior
Interior Amenities Built-in Features All Bedrooms Down
Flooring See Remarks
Fireplace Features Living Room
Total Stories 1
Common Walls 1 Common Wall
Air Conditioning Y/N true
Fireplace Y/N true
Laundry Features Common Area
Entry Level 1
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Exterior
Lot Features 11-15 Units/Acre
Water Source Public
Total Parking 4
Lot Size Area 1.4
Number of Buildings 11
Building Area Total 11619
Lot Size Acres 1.4
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 3
Number of Separate Gas Meters 17
Number of Separate Electric Meters 17
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* Excluded Features
List By
Daniel Corcoran

Listing Agent

Corcoran Group Of California Inc.

Broker

dmcor@cgroupca.com

Email

Affordability Calculator

$28,091
Per Month
100%
0%
0%
Monthly Principal & Interest
$28,091
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.49% 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
9/29/2026$4,449,000 Listed Price

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626 W Olive, Redlands, CA, 92373 is a Multi-Family Home for sale at $4,449,000 with 11,619 sqft and a lot size of 1.4. 626 W Olive has 0.0 baths and was built in 1906. The property's zip code is 92373 which is in Redlands, CA