Apartment $ 1,299,000

120 W Olive AVE

Redlands, CA 92373

  • 1940 Year Built
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!
Listed by Pacific Avenue Realty

PROPERTY DETAIL

  • Key Details

    Property Type Apartment

    Sub Type Apartment

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID OC24245058

    HOA Y/N No

    Year Built 1940

    Property Sub-Type Apartment

  • Location

    State CA

    County San Bernardino

    Area 268 - Redlands

  • Building

    Lot Description 0-1 Unit/Acre, Front Yard

    Story 2

    Sewer Public Sewer

    Water Public

    New Construction No

  • Interior

    Fireplace No

    Laundry None

  • Exterior

    Pool None

    Community Features Curbs, Sidewalks

    Private Pool No

  • Others

    Senior Community No

    Tax ID 0171291110000

    Acceptable Financing Cash, Conventional, 1031 Exchange

    Listing Terms Cash, Conventional, 1031 Exchange

    Special Listing Condition Standard

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CONTACT

Prashant Sampat
Prashant Sampat

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