Redlands, CA 92373,509 W Olive AVE
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Redlands, CA 92373,509 W Olive AVE
Redlands, CA 92373,509 W Olive AVE
Redlands, CA 92373,509 W Olive AVE
Redlands, CA 92373,509 W Olive AVE

$885,000

Est. payment /mo

$899,000

1.6%
Est.Price: ?

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509 W Olive AVE Redlands, CA 92373

0.27 Acres Lot

SOLD DATE : 12/16/2022

Key Details

Sold Price $885,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC22195657

Sold Date 12/16/22

HOA Y/N No

Year Built 1940

Lot Size 0.274 Acres

Property Sub-Type Quadruplex

Property Description

Calling all investors! If you are seeking a high ROI with substantial growth year after year with a amazing location, don't miss your opportunity to own this Amazing Four-Plex in the rapidly growing Redlands market! Conveniently located on one of the best streets in all of Redlands and within a couple blocks from Downtown Redlands, University of Redlands, Smiley Library, Redlands Bowl and about 1/2 mile from the new Packing House District with restaurants, brewery, distillery, shopping, future rail line and much more! The Units are all large 1 bed/1bath units each with their own separate electric and gas meters, with approximately 638 sqft of living space per unit and sitting on nearly 12,000 sqft lot with 3 garages! Also the Building has completely upgraded Plumbing throughout, including the Main Sewer line as well as having Drought tolerant landscaping that gives the an aesthetic charm with very low water consumption. With 2 units already close to market rent, this property has the ability to produce $1750 per unit or $84,000 per year Income! If location, location location means anything to you, don't miss on the best located multifamily in all of Inland Empire!

Location

State CA

County San Bernardino

Area 268 - Redlands

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 0171312140000

Energy Description 300.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Prashant Sampat • Pacific Avenue Realty
Bought with Prashant Sampat • Pacific Avenue Realty

GET MORE INFORMATION

agent
Prashant Sampat

Broker | License ID: 01916221

+1(562) 841-0227 | prashant@pacificaverealty.com

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