509 W Olive Avenue, Redlands, CA 92373
Fourplex · 3 recorded sales since 2017
Sold December 2022
Listing Agent: Prashant Sampat (DRE #01916221) · Listing Office: Pacific Avenue Realty · Contact: 562-841-0227 · Bought with: Prashant Sampat · Pacific Avenue Realty · MLS #OC22195657 · Source: CRMLS
About this fourplex
Calling all investors! If you are seeking a high ROI with substantial growth year after year with a amazing location, don't miss your opportunity to own this Amazing Four-Plex in the rapidly growing Redlands market! Conveniently located on one of the best streets in all of Redlands and within a couple blocks from Downtown Redlands, University of Redlands, Smiley Library, Redlands Bowl and about 1/2 mile from the new Packing House District with restaurants, brewery, distillery, shopping, future rail line and much more! The Units are all large 1 bed/1bath units each with their own separate electric and gas meters, with approximately 638 sqft of living space per unit and sitting on nearly 12,000 sqft lot with 3 garages! Also the Building has completely upgraded Plumbing throughout, including the Main Sewer line as well as having Drought tolerant landscaping that gives the an aesthetic charm with very low water consumption. With 2 units already close to market rent, this property has the ability to produce $1750 per unit or $84,000 per year Income! If location, location location means anything to you, don't miss on the best located multifamily in all of Inland Empire!
Listing description from the December 2022 sale, as reported to CRMLS.
Sale history
