Seller's Agent in 2025
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
2 in this area
66 Total Sales
108 W Olive Ave Redlands, CA 92373
South Redlands NeighborhoodEstimated Value: $948,000 - $966,104
4
Beds
4
Baths
3,172
Sq Ft
$303/Sq Ft
Est. Value
Highlights
- Mountain View
- No HOA
- Laundry Room
- Cope Middle School Rated A-
- Cooling System Mounted To A Wall/Window
- 5-minute walk to Ed Hales Park
About This Home
As of October 2025We are proud to exclusively present for sale a 4-unit apartment community located at 108 W Olive Avenue in the historic downtown district of the city of Redlands. The property is part of a portfolio which includes 305 W Olive Avenue (7 Units). The properties can be sold together or individually.
108 W Olive Avenue is located south of Interstate 10 and is situated between S 4th Street and Grant Street, south of Redlands Boulevard. It is walking distance to downtown Redlands, Olive Market, the Redlands Bowl and Smiley Library. It is within biking distance to ESRI (the city’s top employer) and the University of Redlands; and within five miles of Loma Linda University Medical Center. 108 W Olive Avenue offers convenient access to the 10, 210 and 215 freeways and neighboring cities in the county—Loma Linda, Yucaipa, and Colton. It is located less than 6 miles from the San Bernardino International Airport and just a short drive from Riverside, Ontario, Moreno Valley, and San Bernardino – all major logistic hubs within the region. Several significant local landmarks are also within a short distance, including: Yaamava' Resort & Casino, Big Bear Lake, Lake Arrowhead, the San Bernardino National Forest, Morongo Casino Resort & Spa and more. Built in 1910, 108 W Olive Avenue is comprised of a two-story building with four apartment units comprising of one-bedroom/one-bath units. The property has a lot size of ±11,920 square feet and total rentable square feet of approximately ±3,172 square feet. The units feature built-in cabinetry, high ceilings, ceiling fans, wall air conditioning and heating, and included appliances. The common areas feature lush landscaping with large mature trees and an on-site laundry facility.
108 W Olive Avenue is an income-producing property and a great long-term value-add investment opportunity. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
Last Agent to Sell the Property
CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 08/12/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 11,920 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,172 Sq Ft Home
- 2-Story Property
- Mountain Views
- Laundry Room
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 4 Full Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 16 / E
- Assessor Parcel Number 0171291090000
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 12, 2025
Closed on
Oct 15, 2025
Sold by
Capen Jeffrey Howard
Bought by
Taylor Linda
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Shelli Canales
COLDWELL BANKER RESIDENTIAL BR
List Price
$975,000
Sold Price
$970,000
Premium/Discount to List
-$5,000
-0.51%
Views
55
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,724
Avg. Annual Appreciation
-2.04%
Original Mortgage
$727,500
Outstanding Balance
$727,500
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$232,776
Purchase Details
Closed on
Jan 23, 2004
Sold by
Capen Jeffrey Howard
Bought by
Capen Jeffrey Howard
Purchase Details
Closed on
Oct 29, 2003
Sold by
Capen Jeffrey Howard and Capen Megan
Bought by
Capen Jeffrey Howard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 17, 2003
Sold by
Capen Megan
Bought by
Capen Jeffrey H
Purchase Details
Closed on
Oct 13, 2000
Sold by
Capen Jeffrey
Bought by
Capen Jeffrey Howard and Capen Megan
Purchase Details
Closed on
Jul 27, 1993
Sold by
City Of Redlands
Bought by
Capen Jeffrey H and Capen Megan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
6.94%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Taylor Linda | $970,000 | First American Title | |
| Capen Jeffrey Howard | -- | -- | |
| Capen Jeffrey Howard | -- | Fidelity National Title | |
| Capen Jeffrey Howard | -- | Fidelity National Title | |
| Capen Jeffrey H | -- | -- | |
| Capen Jeffrey Howard | -- | -- | |
| Capen Jeffrey H | $127,000 | Union Land Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Taylor Linda | $727,500 | |
| Previous Owner | Capen Jeffrey Howard | $161,000 | |
| Previous Owner | Capen Jeffrey H | $101,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/22/2025 10/22/25 | Sold | $970,000 | -0.5% | $306 / Sq Ft |
| 09/20/2025 09/20/25 | Pending | -- | -- | -- |
| 08/12/2025 08/12/25 | For Sale | $975,000 | -- | $307 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,367 | $262,715 | $56,295 | $206,420 |
| 2024 | $3,150 | $257,564 | $55,191 | $202,373 |
| 2023 | $3,147 | $252,514 | $54,109 | $198,405 |
| 2022 | $3,103 | $247,563 | $53,048 | $194,515 |
| 2021 | $3,158 | $242,709 | $52,008 | $190,701 |
| 2020 | $3,112 | $240,221 | $51,475 | $188,746 |
| 2019 | $3,028 | $235,511 | $50,466 | $185,045 |
| 2018 | $2,955 | $230,893 | $49,476 | $181,417 |
| 2017 | $2,931 | $226,366 | $48,506 | $177,860 |
| 2016 | $2,899 | $221,928 | $47,555 | $174,373 |
| 2015 | $2,878 | $218,595 | $46,841 | $171,754 |
| 2014 | $2,828 | $214,313 | $45,923 | $168,390 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Chen
-
Shelli Canales
S
Buyer's Agent in 2025
Shelli Canales
COLDWELL BANKER RESIDENTIAL BR
1 in this area
46 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25181767
APN: 0171-291-09
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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