120 Olive Ave
Redlands, CA 92373
Multifamily Property For Sale
·
5 Units
Property Facts
| No. Units | 5 | Building Size | 3,504 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 0.57/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | R3, Redlands - Medium Multiple-Family Residential | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,504 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 0.57/1,000 SF |
| Zoning | R3, Redlands - Medium Multiple-Family Residential |
About 120 OLIVE AVE , REDLANDS, CA 92373
Incredible opportunity to own a 5 unit property in Redlands. Prime location within very close proximity to downtown Redlands and University of Redlands. Currently performing at $60,000 Gross annual Income. Fully occupied building no vacancies. Low expenses great cash flow. Building is walking distance from downtown Redlands where tenants can enjoy shopping, dining and entertainment . Roof on property was just redone and Gross annual income by summer 2018 to be $66,000 gross. 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. Fantastic location for one to capitalize on the tremendous growth in one of the best cities of the Inland Empire!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 450 |
| 1+1 | 2 | - | 475 - 957 |
| 2+1 | 1 | - | 1,000 |
Property Taxes
| Parcel Number | 0171-291-11 | Improvements Assessment | $648,563 |
| Land Assessment | $159,295 | Total Assessment | $807,858 |
Property Taxes
