This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$1,200,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Charming five-unit apartment building in the highly desirable South Redlands area, offering an excellent investment opportunity with strong cash flow and low expenses. This fully-occupied property features a versatile mix of units, including one spacious 2-bedroom, 2-bathroom unit, two comfortable 1-bedroom, 1-bathroom units, and two cozy studio apartments. Each unit is separately metered for electricity and gas, enhancing efficiency for both owners and tenants. The property exudes curb appeal, with a manicured green lawn out front that creates an inviting atmosphere for residents and visitors alike. Inside, each unit enjoys a combination of tile, vinyl, and/or real hardwood flooring. Additionally, an array of private balconies and patios provide residents with peaceful outdoor spaces to enjoy. Situated within walking distance of downtown Redlands, tenants can easily access a variety of shopping, dining, and entertainment options, all just steps away. The prime location, steady occupancy, and diverse unit mix make this property a rare find and a smart addition to any investor's portfolio. Don't miss out on this exceptional opportunity- schedule a viewing today!
Full Property Details
Full Property Details for 120 W Olive Ave
General
- Sold For: $1,200,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: OC24245058
- Added to Site: 416 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Location
- Area: 268 - Redlands
- County: San Bernardino
- Development Name: 268 - Redlands
- Driving Directions: Cross Streets: Eureka St & Olive Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 5
- # Electric Meters: 5
Structural Information
- Entry Location: Front
- Square Feet: 3,080
- Year Built: 1940
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
Unit 3
- Number of Units: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1928
- Lot Size Source: Assessor
- Lot Description: 0-1 Unit/Acre, Front Yard
Financial Considerations
- Price Per Sq. Ft.: $389.61
- Price Per Unit: 259800
Listed and Sold by Pacific Avenue Realty, Prashant Sampat
Get Pre-Approved Today
Schools
Schools serving 120 W Olive Ave
School District:Redlands Unified School District
| Name | Grades | Distance |
|---|---|---|
McKinley Elementary School, Redlands, CA 645 West Olive Avenue, Redlands, CA 92373 | K-5 | 0.4 mi |
Cope Middle School 1000 West Cypress Avenue, Redlands, CA 92373 | 6-8 | 0.8 mi |
Redlands Senior High School 840 East Citrus Avenue, Redlands, CA 92374 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 120 W Olive Ave
Date
Details
Price
Change
Source
2/13/2026
Sold
$1,200,000
-7.62%
MLS
9/12/2025
Price Reduced
$1,299,000
-3.78%
MLS
1/13/2025
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
120 W Olive Avenue, Redlands, CA 92373 (MLS# OC24245058) is a Multi-Family property that was sold at $1,200,000 on February 13, 2026. Want to learn more about 120 W Olive Avenue? Do you have questions about finding other Multi-Family real estate for sale in Redlands? You can browse all Redlands real estate or contact a Coldwell Banker agent to request more information.

