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: 119
  • Year Built: 1940
  • HOA:
  • $/Sqft: $203
  • Lot: 8,400 Sqft
  • Property Type: Single Family
  • MLS#: CV16137359
  • MLS:
  • Listing Office: DORANCE CREIGHTON JR
  • Listing Broker: DORANCE CREIGHTON
  • Movoto last checked CRMLS for new data 7 minutes ago
  • CRMLS last updated this listing 1 month ago

Home Features for 120 W Olive Ave , Redlands

Schedule a Viewing of 120 W Olive Ave, Redlands

Mortgage Calculator for 120 W Olive Avenue, Redlands

Edit the averages shown below to see the payment that works best for you.

Real Estate Market Statistics of 120 W Olive Avenue , Redlands

Redlands, California

Total Inventory For Sale

200 Homes

0% m/m -9% y/y

Median List Price


0% m/m +9% y/y

Median Days On Market

72 Days

+2% m/m +33% y/y

Median House Size

2,290 Sqft

+1% m/m +9% y/y

Median Price Per Square Foot

$224 /Sqft

0% m/m +3% y/y

Median Price

As of today, , there are 103 properties listed for sale in ZIP code 92373 and 200 properties listed for sale in the city of Redlands, CA. Of those 200 properties, there are 189 single family houses and 11 condos. The current list price for 120 W Olive Ave is $625,000, which is 25% above the median price of $499,900 for Redlands and 0.8% below the median of $629,950 for 92373. 120 W Olive Ave is approximately 3,080 Sqft, which is 34% above the median size in Redlands of 2,290 square feet and 17% above the median size in 92373 of 2,642 square feet. This property's price per Sqft is $203, which is 16% below the median in 92373 of $241 and 9% below the Redlands median of $224.

New Listings in Redlands

Built in 1940, this single family house at 120 W Olive Ave is approximately 3,080 square feet and comes with 5 parking spots. It is listed on 06/24/2016 for $625,000 with a cost per Sqft of $203. 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 has been on the market for 119 days. The median days on the market for properties in this area is 72 with a median list price of $499,900 and median cost per square foot of $224. It's currently listed as active under the MLS #CV16137359.

View more active properties in this area. Or connect with a top-rated Movoto agent to learn more about Redlands market trends and buying this home and other homes like it.
Redlands Agent

I'm happy to give you a quick call to answer all your questions about this home and schedule a tour.