Millman Team Real Estate

$1,299,000
0.19 Acre Lot

120 W Olive Avenue, Redlands, California 92373

  • Residential Income Property Type
  • 1940 Year Built
Property Description

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!

Basic Details
Residential Income
For Sale
OC24245058
$1,299,000
1940
0.19 Acre
Active
1
Apartment
Features
: None
: None
: Public Sewer
$0
Address Map
CA
San Bernardino
Redlands
92373
Olive
120
Avenue
Cross Streets: Eureka St & Olive Ave
268 - Redlands
W
Additional Information
$0
$0
$0
$0
$0
3080
: Sidewalks, Curbs
1
: 0-1 Unit/Acre, Front Yard
5
2025-01-13
1350000
2
: Public
Broker/Agent Information
Pacific Avenue Realty
Prashant Sampat
Listing Information
OCSAMPPRA
OC02810
Cash,Conventional,1031 Exchange
Active
2025-09-13T00:30:50Z
CRMLS
: Standard
2025-01-13T14:59:02Z
Agent info
Ray Millman
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