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626 W Olive, Redlands, CA 92373

$4,449,000
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    bed

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    bath

Multi-family for sale 8 days

About 626 W Olive

Property type Multi-family
Neighborhood
Year built 1906
HOA fee $0/month
Lot size 1.4 Acre
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
An extremely rare opportunity to acquire seventeen classic units on three lots in the heart of historic South-Side Redlands. The offering includes all buildings on W. Olive from Center Street to Michigan Avenue (610–634 W. Olive, 127 Center, and 132 Michigan). The buildings still display their original names from the early 1900s, when they were “Winter Bungalows” where wealthy “Easterners” enjoyed the orchards and warm winter climate of Redlands. Each unit is unique. Some are more modern, but most are original and feature fireplaces, hardwood floors, formal dining rooms, roll-under beds that double as desks when rolled in, built-in hutches, large closets, sun porches, patios, and evening front porches. Other original details include ceiling treatments, real ice boxes (for use with real ice), and well-preserved hexagonal floor tiles. Imagine ladies with parasols enjoying lawn bowling on the broad green lawns. The carports were likely built for horse-drawn carriages. Enjoy a walk around, but please do not disturb the tenants. Some landscapes have been watered by AI.
Listed by
Listing Agent - Daniel Corcoran
Listing Agent Contact: Dmcor@cgroupca.com
Listing Office - Corcoran Group of California Inc.
Source: CRMLS mls logo
MLS#IG26211872 • last updated 1 week ago
Movoto checked CRMLS for data Just now
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Overview
Levels/Style One
Type Residential Income
SubType Commercial/Residential
Status Active
Lot Size (Acres) 1.4
Lot Size (SqFt) 60984
Year Built 1906
Interior
Laundry Common Area
Other Room(s) All Bedrooms Down
Flooring See Remarks
Interior Features Built-in Features
Exterior
Building Area Square Feet, 11619
# Parking Spaces 4
# Garage Spaces 4
Lot Description 11-15 Units/Acre
Amenities / Utilities
Fireplaces Living Room
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County San Bernardino
Community Features Sidewalks
Directions Entire Block Between Center And Michigan
APN 171231310000
Multifamily Details
Operating Expense 121221
Cap Rate 4.48
Expense: Insurance 22814
Total Expenses 177462
Expense: Maintenance 20880
Expense: Electric 9000
Gross Multiplier 11.42
Gross Scheduled Income 393930
Expense: Fuel 10052
Expense: Gardener 13680
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Source: GreatSchools.org © 2026. All rights reserved.

Around South Redlands

Explore everything this neighborhood has to offer. Learn more about South Redlands.
58/100
Walk
70/100
Family
60/100
Dining
82/100
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  • Real Estate
  • CA
  • San Bernardino County
  • Redlands
  • 92373
  • South Redlands
  • 626 W Olive

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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