819 W Olive Avenue

    Redlands, CA 92373
    • $745,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: EV20087961
    UPDATED: 26 min ago
    $745,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,126
      SQFT
    • $350
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    A truly rare opportunity to own this income producing Triplex on desirable W. Olive in a beautiful residential neighborhood in Southside Redlands. This spacious 2,126 sq. ft. Craftsman style triplex is featuring an inviting front porch, beautiful vintage windows, original front door and beautifully maintained landscaping. There are 3 units: a 2 bedroom, 1 bath upstairs with central heat & air and granite kitchen countertops, a 1 bedroom, 1 bath and charming 1 bedroom studio on main level. Each unit has a private entry. A community laundry room with washer and dryer is located on the main level. All 3 units have been remodeled. The property is currently rented to stable tenants who would very much like to stay. Property features a garage and carport for ample parking. Separate gas and electric meters for each unit. Exterior features includes new paint, new concrete driveway, new carport and new staircase. New roof on the two downstairs units. Located on a lovely corner lot across from a picturesque orange grove and minutes from the Olive Market, Redlands Bowl, downtown, Redlands Community Hospital, Loma Linda Medical Center, University of Redlands and freeway. Don't miss out on this wonderful opportunity for your investment portfolio.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-29T11:27:13.17. 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 or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/105703516

    819 W Olive Avenue Redlands, CA 92373

    • Price: $745,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: EV20087961
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,126
    SQFT
    $350
    $/SQFT
    1908
    Built
    Neighborhood:
    268 - Redlands
    County:
    San Bernardino
    Area:
    268 - Redlands
    Property Description
    A truly rare opportunity to own this income producing Triplex on desirable W. Olive in a beautiful residential neighborhood in Southside Redlands. This spacious 2,126 sq. ft. Craftsman style triplex is featuring an inviting front porch, beautiful vintage windows, original front door and beautifully maintained landscaping. There are 3 units: a 2 bedroom, 1 bath upstairs with central heat & air and granite kitchen countertops, a 1 bedroom, 1 bath and charming 1 bedroom studio on main level. Each unit has a private entry. A community laundry room with washer and dryer is located on the main level. All 3 units have been remodeled. The property is currently rented to stable tenants who would very much like to stay. Property features a garage and carport for ample parking. Separate gas and electric meters for each unit. Exterior features includes new paint, new concrete driveway, new carport and new staircase. New roof on the two downstairs units. Located on a lovely corner lot across from a picturesque orange grove and minutes from the Olive Market, Redlands Bowl, downtown, Redlands Community Hospital, Loma Linda Medical Center, University of Redlands and freeway. Don't miss out on this wonderful opportunity for your investment portfolio.
    Exterior Features

    Architectural Style Craftsman Carport Spaces 2.00 Garage Spaces 1.00 Lot Features Corner LotLot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Roof Composition View Neighborhood View YN Yes

    Interior Features

    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 Fireplace Features Living Room Fireplace YN Yes Flooring CarpetTile Interior Features Ceiling Fan(S) Laundry Features Common AreaGas & Electric Dryer HookupIndividual RoomWasher Included Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Garage Income 600.00 Gardener Expense 1080.00 Gross Income 48000.00 Gross Scheduled Income 48000.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 43260.00 New Construction YN No New Taxes Expense 1.25 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Number Wall AC 2 Number With Carpet 3 Number With Disposal 3 Number With Patio 1 Number With Refrigerator 3 Operating Expense 4740.00 Property Condition Turnkey Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 4000.00 Total Expenses 4740.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Water Sewer Expense 2160.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Dorothy Gaffney of Century 21 Lois Lauer Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-29T11:27:13.17. 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 or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731