120 W Olive Ave
Redlands, CA 92373

Bd   — Ba   3,080 Sqft
We are pleased to present this five unit apartment building in Redlands California. This building has one two bedroom two bath, two one bedroom one bathroom, and two studios. Fully occupied building no vacancies. Low expenses great cash flow. Building is walking distance from downtown Redlands where tenants can enjoy shopping and entertainment and walk back to their unit. This market shows a trend of raising rents quarter to quarter making it an excellent investment for years to come. 6.3% CAP RATE actual 7.8% CAP RATE PRO FORMA. Tenants pay electricity and gas. Water, sewer, trash is together ($437) paid by owner. Building has separately metered electricity and gas, building exterior newly painted, building shows pride of ownership. After a decade of ownership the rare opportunity for you to own an apartment building in desirable South Redlands can be realized.
  • Neighborhood: South Redlands
  • Days on Movoto: 243
  • Year Built: 1940
  • HOA:
  • $/Sqft: $192
  • Lot: 8,400 Sqft
  • Property Type: Multi Family
  • MLS#: CV16137359
  • MLS:
  • Listing Office: DORANCE CREIGHTON JR
  • Listed By: DORANCE CREIGHTON
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Property History for 120 W Olive Ave, Redlands

Status
Date
Price
Price Change
Oct 24, 2016
$590,000
Listed
Aug 30, 2016
Active Under Contract
Aug 26, 2016
Listed
Jul 25, 2016
Pending
Jul 11, 2016
Listed
Jun 24, 2016
$625,000
#CV16137359
Built in 1940, this multi family house at 120 W Olive Ave, Redlands CA, 92373 is approximately 3,080 square feet and does not come with a parking spot. It was last listed for $590,000 with a cost per Sqft of $192. 120 W Olive Ave is located in the South Redlands neighborhood in the Redlands Unified School District. The closest school is McKinley Elementary School.

120 W Olive Ave, Redlands CA, 92373 was on the market for 243 days. The median days on the market for properties in this area is 70 with a median list price of $509,000 and median cost per square foot of $233. Its current status is removed under the MLS #CV16137359.

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