Redlands, CA92373
| 3396 sqft | MLS# 25565809
Tract:
For Sale $1,225,000
Description
Rare Redlands 5-Unit Surrounded by Single Family Homes. Located on a quiet residential block just off Olive Avenue, 230 S Buena Street is one of the only multifamily properties in this central Redlands neighborhood. The property consists of five units including two two-bedroom units, one one-bedroom unit, and two studios, one of which is oversized. It is currently operating at a 5.31% cap rate with a pro forma cap rate of 6.27%. One unit includes its own in-unit washer and dryer, while the remaining four share a common laundry room. The 10,920 square foot lot includes five garages, four assigned parking spaces in the rear, and additional open parking. Recent roof replacements and separate electric meters help reduce operating costs and improve efficiency. The location offers walkable proximity to Downtown Redlands, Prospect Park, and the A.K. Smiley Public Library, with easy access to the I-10 and 210 Freeways connecting to Riverside, San Bernardino, and surrounding job hubs.
Facts
| Built in 1910 | Lot Size: 10920.00 sqft | HOA Dues: $0/month
Features
Listing provided by Oscar Diaz, Marcus & Millichap
Based on information from California Regional Multiple Listing Service, Inc. as of July 23, 2025. 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.
