22
See all 22 photos
Listed by Prashant Sampat • Pacific Avenue Realty
$899,000
Est. payment /mo
2,552 SqFt
Pending
509 West Olive Avenue Redlands, CA 92373
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
09/02/2024 07:26 AM
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 2,552 sqft
Price per Sqft $352
MLS Listing ID OC-22195657
Year Built 1940
Lot Size 0.274 Acres
Property Description
Calling all investors! If you are seeking a high ROI with substantial growth year after year with a amazing location, don't miss your opportunity to own this Amazing Four-Plex in the rapidly growing Redlands market! Conveniently located on one of the best streets in all of Redlands and within a couple blocks from Downtown Redlands, University of Redlands, Smiley Library, Redlands Bowl and about 1/2 mile from the new Packing House District with restaurants, brewery, distillery, shopping, future rail line and much more! The Units are all large 1 bed/1bath units each with their own separate electric and gas meters, with approximately 638 sqft of living space per unit and sitting on nearly 12,000 sqft lot with 3 garages! Also the Building has completely upgraded Plumbing throughout, including the Main Sewer line as well as having Drought tolerant landscaping that gives the an aesthetic charm with very low water consumption. With 2 units already close to market rent, this property has the ability to produce $1750 per unit or $84,000 per year Income! If location, location location means anything to you, don't miss on the best located multifamily in all of Inland Empire!
Location
State CA
County San Bernardino
Interior
Laundry None
Exterior
Parking Features Gated
Garage Spaces 3.0
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description Lot 10000-19999 Sqft
Sewer Public Sewer
GET MORE INFORMATION