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Listing Details

Status
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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 currently, 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 and have central heat and air. 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 2021-09-21T00:27:35.857. 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, South Bay. Licensed in the State of California, USA.
www.sellinglasouthbay.com/homes/117786041
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819 W Olive Avenue Redlands, CA 92373

  • Price: $899,000
  • Status: Active
  • ID#: EV21117639
0
Beds
0
Baths
0
½ Baths
0.17
Acres
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 currently, 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 and have central heat and air. 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 Lot Features Sprinkler System Number Of Separate Electric Meters 3 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition View Neighborhood View YN Yes

Interior Features

Appliances Water Heater Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsStreet LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 48000 Gross Scheduled Income 48000 Insurance Expense 1500 Land Lease YN No Laundry Features Common AreaIn Garage Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Net Operating Income 43260 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 4740 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 4000 Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 2160 Water Source Public

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


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. 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, South Bay. Licensed in the State of California, USA.
 
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Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
23670 Hawthorne Blvd. #100
Torrance CA, 90505