120 Olive Avenue, Redlands

$1,299,000

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4

Beds

2

Baths

0.19

Acres

About 120 Olive Avenue

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!

Features of 120 Olive Avenue

MLS® # OC24245058
Price $1,299,000
Bedrooms 4
Bathrooms 2.00
Acres 0.19
Year Built 1940
Type Residential Income
Sub-Type Apartment
Status Active

Community Information

Address 120 Olive Avenue
Area 268 - Redlands
City Redlands
County San Bernardino
Zip Code 92373

Amenities

Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2

Exterior

Lot Description Front Yard, ZeroToOneUnitAcre

Additional Information

Date Listed January 13th, 2025
Days on Market 290
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentPrashant Sampat
OfficePacific Avenue Realty

Listing Map

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