230 S Buena Vista St Redlands, CA 92373
Five-unit property in central Redlands neighborhood near downtown.
Lot size:
0.25 AcresProperty Features for 230 S Buena Vista St
General Information
- Lot size
- 0.25 Acres
Building Details
- Year built
- 1910
Source: Marcus & Millichap
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Redlands Multifamily Property for Sale
Located on a quiet residential block just off Olive Avenue, this Redlands property features five units: two two-bedroom units, one one-bedroom unit, and two studios (one oversized). The property 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. Situated on a 10,920 square foot lot, the property includes five garages, four assigned parking spaces in the rear, and additional open parking. Recent roof replacements and separate electric meters contribute to reduced operating costs and improved 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. This is one of the only multifamily properties in this central Redlands neighborhood.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Redlands
- County
- San Bernardino
- State
- California
- Longitude
- -117.1854541
- Latitude
- 34.0495498
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit property in central Redlands neighborhood near downtown.
Where is this apartment building located?
The property is located at 230 S Buena Vista St Redlands, CA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: - Rare multifamily property in a desirable, quiet Redlands neighborhood.; - Strong income potential with a current 5.31% cap rate and a pro forma cap rate of 6.27%.; - Convenient location with walkable access to Downtown Redlands, Prospect Park, and the A.K. Smiley Public Library.