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$ 1,225,000
Est. payment | /mo
3,396 SqFt
$ 1,225,000
Est. payment | /mo
3,396 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,396 sqft
Price per Sqft $360
MLS Listing ID CL25565809
HOA Y/N No
Year Built 1910
Lot Size 0.251 Acres
Acres 0.25
Property Sub-Type Other
Property 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.
Location
State CA
County San Bernardino
Zoning R3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 0171312200000
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Listed by Oscar Diaz • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "