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$1,100,000
56 Days On Site

108 W Olive Avenue
Redlands, CA 92373

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
3,172
SqFt
$347
/SqFt
1910
Built
County:
San Bernardino
Listed by ERIC CHEN of CB RICHARD ELLIS [email protected]

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108 W Olive Avenue108 W Olive Avenue108 W Olive Avenue108 W Olive Avenue
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We are proud to exclusively present for sale a 4-unit apartment community located at 108 W Olive Avenue in the historic downtown district of the city of Redlands. The property is part of a portfolio of multifamily properties all withing blocks of one another which includes 108 W Olive Avenue (4 Units); 305 W Olive Avenue (7 Units); 205 W Fern Avenue (8 Units); and 304 Eureka Street (3 Units). All properties can be sold together or individually. 108 W Olive Avenue is located south of Interstate 10 and is situated between S 4th Street and Grant Street, south of Redlands Boulevard. It is walking distance to downtown Redlands, Olive Market, the Redlands Bowl and Smiley Library. It is within biking distance to ESRI (the city’s top employer) and the University of Redlands; and within five miles of Loma Linda University Medical Center. 108 W Olive Avenue offers convenient access to the 10, 210 and 215 freeways and neighboring cities in the county—Loma Linda, Yucaipa, and Colton. It is located less than 6 miles from the San Bernardino International Airport and just a short drive from Riverside, Ontario, Moreno Valley, and San Bernardino – all major logistic hubs within the region. Several significant local landmarks are also within a short distance, including: Yaamava' Resort & Casino, Big Bear Lake, Lake Arrowhead, the San Bernardino National Forest, Morongo Casino Resort & Spa and more. Built in 1910, 108 W Olive Avenue is comprised of a two-story building with four apartment units comprising of one-bedroom/one-bath units. The property has a lot size of ±11,920 square feet and total rentable square feet of approximately ±3,172 square feet. The units feature built-in cabinetry, high ceilings, ceiling fans, wall air conditioning and heating, and included appliances. The common areas feature lush landscaping with large mature trees and an on-site laundry facility. 108 W Olive Avenue is an income-producing property and a great long-term value-add investment opportunity. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.

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Listing Snapshot
Price 
$1,100,000
Days On Site 
56 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,172 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2736 Acres
Year Built 
1910
MLS® Number 
CV24226026
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoStatus changed to Active
2 months agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.2736
Number Of Stories 
2
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
3172
Stories 
Two
Water Source 
Public
Interior Features
Cooling 
Wall/Window Unit(s)
Heating 
Wall Furnace
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Spa Features 
None
Community Features
Building Access 
1
Community Features 
CurbsSidewalks
Financing Terms Available 
Cash
MLS Area 
268 - Redlands


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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