30 N Ash Street, Redlands, CA 92373
Property · 2 recorded sales since 2016
Sold June 2024
Listing Agent: Mark Bridge (DRE #01316702) · Listing Office: Mark Bridge, Broker · Contact: Mark.Bridge@cushwake.com · Bought with: Samuel Mikhail · The New City Realty · MLS #OC24082888 · Source: CRMLS
About this property
We proudly present The Orleans Apartments in a desirable pocket of the City of Redlands. Redlands is a highly desirable city with very little multifamily sales. The Orleans Apartments is a garden-style two-story walk-up style complex built in 1964 with charming curb appeal. This 19 + 1 non-conforming unit property has an attractive unit mix of one 3-bed 2-bath unit, five 2-bed 2-bath units, six 2-bed 1.5-bath townhouses, two 2-bed 1-bath units, five 1-bed 1-bath units, and a non-conforming but large studio unit. A sparkling swimming pool sits in the center of the courtyard to cool the tenants off in the summer heat, and a large on-site laundry room with wash tubs and storage lockers for tenant detergents and other items. There is ample parking with twenty covered carports with tenant storage lockers and additional street parking. There have been some recent exterior renovations including: a new pitched shingle roof in 2024, new HVAC units on the roof in 2024, and new exterior paint in 2023. There have also been some recent interior renovations. Seven of the twenty units have been very lightly renovated with some new vinyl flooring, new lighting, paint, and new bathroom vanities. Also, nine bathroom tubs have been significantly renovated. The building electrical wiring is copper. Overall, a buyer has a value-add opportunity in rent growth through new renovations. The property is located in a highly sought after pocket of Redlands. There are extremely few multifamily opportunities that come up in this area. The building is approximately 1 mile from Downtown Redlands and Redlands Metrolink Station. Also within 1 mile are McKinley Elementary, Redlands Adventist Academy, Arrowhead Christian Academy, Orangewood High School, Redlands Fire Department, Redlands Urgent Care, Redlands Packing House District, Downtown Redlands, and Sprouts Farmers Market. Within 2 miles are Cope Middle School, Smiley Elementary School, Trader Joe’s, CA-10 Freeway, Heritage Park, Redlands High School, Tri City Shopping Center, Redlands Hospital, Albertsons, and the University of Redlands.
Listing description from the June 2024 sale, as reported to CRMLS.
Sale history
