230 S Buena Vista Street, Redlands, CA 92373

About this property

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.

Listing description from the October 2025 sale, as reported to CRMLS.

Sale history

$1,060,000

Sold October 2025 · listed $1,225,000, on market July 2025 · MLS #25565809 · Source: CRMLS

Listing Agent: Oscar Diaz · Listing Office: Marcus & Millichap · Contact: 310-909-5500 · Bought with: Oscar Diaz · Marcus & Millichap

$700,000

Sold September 2016 · listed $710,000, on market June 2016 · MLS #EV16133301 · Source: CRMLS

Listing Agent: DEBRA HANNA · Listing Office: DEBRA HANNA BROKER · Contact: 909-528-2512 · Bought with: DEBRA HANNA · DEBRA HANNA BROKER

$380,000

Sold September 2013 · listed $429,000, on market August 2013 · MLS #EV13157430 · Source: CRMLS

Listing Agent: AL NUNO · Listing Office: COLDWELL BANKER REALTY CENTER · Contact: 909-792-4147 · Bought with: AL NUNO · COLDWELL BANKER REALTY CENTER

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