Keegan Cin | Realtor® | License # DRE 01971604

Property

Redlands, CA 92373 120 W Olive Avenue

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Presented By: Prashant Sampat with Pacific Avenue Realty; 562-841-0227
  • MLS# OC24245058
  • 01/13/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 2
  • SQFT • 3,080
  • Year Built • 1940

Home Details

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!
Presented By: Prashant Sampat with Pacific Avenue Realty; 562-841-0227

Interior Features for 120 W Olive Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 120 W Olive Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityRedlands
Community FeaturesCurbs, Sidewalks
CountySan Bernardino
DirectionsCross Streets: Eureka St & Olive Ave
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income101944.0
HOANo
Home Warranty Y/NNo
Insurance Expense6000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, Exchange1031
Lot Size Square Feet8400.0
Lot Size UnitsSquareFeet
MLS Area268 - Redlands
MobileHomeRemainsYNNo
Net Operating Income68644.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased5
Operating Expense33296.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot15
Taxes$17,298
Tenant PaysElectricity, Gas
Total Actual Rent101940.0
Trash Expense1800.0
Water Sewer Expense1800.0
Waterfront Y/NNo
Year Built1940
Year Built SourcePublicRecords

Exterior for 120 W Olive Avenue

Building Area Total3080.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, FrontYard
Lot Size Acres0.1928
Lot Size Area8400.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $1,350,000
MLS#OC24245058
List Date 01/13/2025
Property Type Multi-Family
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