120 W Olive Avenue, Redlands, CA 92373

$1,200,000

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Sold Price
$1,200,000
List Price
$1,299,000
Closing Date
Feb 13, 2026
Status
CLOSED
MLS#
OC24245058
Year Built
1940
Lot Size
8,400
Acres
0.19
Lot Location
0-1 Unit/Acre, Front Yard
Days on Market
367
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

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!

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
5
Gross Scheduled Income
$101,940
Operating Expense
33296

Listing courtesy of Listing Agent: Prashant Sampat (psampat23@gmail.com) from Listing Office: Pacific Avenue Realty.

Listing sold by Prashant Sampat from Pacific Avenue Realty

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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. 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, 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.