819 W Olive Avenue

    Redlands, CA 92373
    • $675,000
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: IG19105603
    UPDATED: 77 min ago
    $675,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,126
      SQFT
    • $317
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    Location, location, location! Fabulous opportunity to own a triplex in historical downtown Redlands! Spectacular corner lot on desirable W. Olive Avenue with close proximity to renowned Olive Market and picturesque orange groves. The expansive 2,126 square foot home has three units, with two bedrooms one bath upstairs, one bedroom one bath downstairs, and also a charming one bedroom studio on the main level. All units have been remodeled. Great investment decision to own this income producing, multi-family property that is rented to good tenants, who would like to stay. Upside potential in rental income per comparables. Property features a garage and carport for ample parking, plus a convenient laundry room for tenants. Freshly painted exterior, brand new concrete driveway and carport, brand new exterior staircase, and brand new roof on the two units downstairs. With good renters in place, you could live in one of the units and rent out the others. Home warranty included, so purchase with confidence. Imagine the memories you will make sitting on your front porch, sipping lemonade, and walking with family members to all the yearly events Redlands has to offer. No HOA, standard sale. Don't let this opportunity pass you by!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T19:36:45.46. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/94514482

    819 W Olive Avenue Redlands, CA 92373

    • Price: $675,000
    • Status: Active
    • Updated: 77 min ago
    • ID#: IG19105603
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,126
    SQFT
    $317
    $/SQFT
    1908
    Built
    Neighborhood:
    268 - Redlands
    County:
    San Bernardino
    Area:
    268 - Redlands
    Property Description
    Location, location, location! Fabulous opportunity to own a triplex in historical downtown Redlands! Spectacular corner lot on desirable W. Olive Avenue with close proximity to renowned Olive Market and picturesque orange groves. The expansive 2,126 square foot home has three units, with two bedrooms one bath upstairs, one bedroom one bath downstairs, and also a charming one bedroom studio on the main level. All units have been remodeled. Great investment decision to own this income producing, multi-family property that is rented to good tenants, who would like to stay. Upside potential in rental income per comparables. Property features a garage and carport for ample parking, plus a convenient laundry room for tenants. Freshly painted exterior, brand new concrete driveway and carport, brand new exterior staircase, and brand new roof on the two units downstairs. With good renters in place, you could live in one of the units and rent out the others. Home warranty included, so purchase with confidence. Imagine the memories you will make sitting on your front porch, sipping lemonade, and walking with family members to all the yearly events Redlands has to offer. No HOA, standard sale. Don't let this opportunity pass you by!
    Exterior Features

    Architectural Style Craftsman Carport Spaces 1.00 Garage Spaces 1.50 Lot Features Lot 6500-9999Rectangular LotNear Public TransitSprinklers In FrontSprinklers In Rear Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Parking Total 2.50 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition

    Interior Features

    Appliances Gas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Family Room Fireplace YN Yes Flooring CarpetTile Interior Features Ceiling Fan(S) Laundry Features Dryer IncludedGas & Electric Dryer HookupGas Dryer HookupIndividual RoomWasher HookupWasher Included Window Features Blinds

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet Lights Country Us Elevation Units Feet Gross Income 3950.00 Gross Scheduled Income 3950.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 3375.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 575.00 Property Condition Turnkey Property Sub Type Triplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 5800.00 Trash Expense 700.00 Utilities Electricity AvailableElectricity Connected Water Sewer Expense 3600.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Linda Hilbert of Keller Williams Realty- Norco


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T19:36:45.46. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024