Kathy Thomson
Responds Quickly
eXp Realty of Southern California, Inc
(909) 787-1190
68 Total Sales
4 in South Redlands
$573K - $710K Price Range
120 W Olive Ave Redlands, CA 92373
South Redlands Neighborhood
4
Beds
2
Baths
3,080
Sq Ft
8,400
Sq Ft Lot
Highlights
- Front Yard
- Cope Middle School Rated A-
- 4-minute walk to Smiley Park
About This Home
As of February 2026Charming 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!
Last Agent to Sell the Property
Pacific Avenue Realty Brokerage Phone: 562-841-0227 License #01916221 Listed on: 01/13/2025
Last Buyer's Agent
Pacific Avenue Realty Brokerage Phone: 562-841-0227 License #01916221 Listed on: 01/13/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 8,400 Sq Ft Lot
- 1 Common Wall
- Front Yard
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,080 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 15 / E
- Assessor Parcel Number 0171291110000
Community Details
Overview
- 5 Units
Building Details
- 5 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $6,000
- Trash Expense $1,800
- Water Sewer Expense $1,800
- New Taxes Expense $17,298
- Operating Expense $33,296
- Gross Income $101,944
- Net Operating Income $68,644
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 13, 2025
Closed on
Feb 6, 2026
Sold by
Bifali Properties Llc
Bought by
Seller's Agent
Prashant Sampat
Pacific Avenue Realty
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$1,350,000
Sold Price
$1,200,000
Premium/Discount to List
-$150,000
-11.11%
Views
156
Purchase Details
Closed on
Mar 27, 2023
Sold by
Bifali Properties Llc
Bought by
Bifali Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$755,000
Interest Rate
6.32%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 7, 2022
Sold by
Patel Family Trust
Bought by
Bifali Propertyes Llc
Purchase Details
Closed on
Jul 21, 2021
Sold by
Patel Bimal V and Patel Shefali H
Bought by
Patel Bimal V and Patel Shefali
Purchase Details
Listed on
Dec 14, 2017
Closed on
Dec 21, 2017
Sold by
Sarn Llc
Bought by
Patel Bimal V and Patel Shefali H
Seller's Agent
Prashant Sampat
Pacific Avenue Realty
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$719,000
Sold Price
$710,000
Premium/Discount to List
-$9,000
-1.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 19, 2017
Closed on
Dec 7, 2016
Sold by
Wasbotten Michael J and Wasbotten Deborah S
Bought by
Sarn Llc
Seller's Agent
Dorance Creighton
CREIGHTON REAL ESTATE
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$590,000
Sold Price
$550,000
Premium/Discount to List
-$40,000
-6.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.24%
Purchase Details
Closed on
Jan 13, 2005
Sold by
Cleaver Dennis W
Bought by
Wasbotten Michael J and Wasbotten Deborah S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 22, 1999
Sold by
Cleaver Anna D
Bought by
Cleaver Dennis W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.64%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Redlands, CA
-
Kathy Thomson
-
Dennis Miller
Dennis Miller
RE/MAX ADVANTAGE
(909) 406-7360
93 Total Sales
3 in South Redlands
$475K - $605K Price Range
-
Orlando Pino
Orlando Pino
Re/Max Partners
(657) 279-5039
30 Total Sales
2 in South Redlands
$345K - $357K Price Range
-
Jaime Stiansen
Jaime Stiansen
COLDWELL BANKER SKY RIDGE REALTY
(909) 326-2207
129 Total Sales
1 in South Redlands
$1,199,000 Price
-
PAMELA CINQUE
PAMELA CINQUE
CENTURY 21 SUN LAKES REALTY
(858) 943-0640
9 Total Sales
1 in South Redlands
$390,000 Price
-
ASHLEY DUNSMORE
ASHLEY DUNSMORE
KELLER WILLIAMS REALTY
(877) 589-9701
28 Total Sales
2 in South Redlands
$470K - $600K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,200,000 | Priority Title | ||
| Bifali Properties Llc | -- | First American Title | |
| Bifali Propertyes Llc | -- | None Listed On Document | |
| Patel Bimal V | -- | None Available | |
| Patel Bimal V | $710,000 | Prioity Title | |
| Sarn Llc | $550,000 | Fidelity National Title | |
| Wasbotten Michael J | $550,000 | Old Republic Title Company | |
| Cleaver Dennis W | -- | Orange Coast Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $755,000 | ||
| Previous Owner | Patel Bimal V | $532,000 | |
| Previous Owner | Wasbotten Michael J | $267,000 | |
| Previous Owner | Cleaver Dennis W | $155,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/13/2026 02/13/26 | Sold | $1,200,000 | -7.6% | $390 / Sq Ft | |
| 01/16/2026 01/16/26 | Pending | -- | -- | -- | |
| 09/12/2025 09/12/25 | Price Changed | $1,299,000 | -3.8% | $422 / Sq Ft | |
| 01/13/2025 01/13/25 | For Sale | $1,350,000 | 0.0% | $438 / Sq Ft | |
| 12/11/2023 12/11/23 | Rented | $1,495 | 0.0% | -- | |
| 12/07/2023 12/07/23 | Under Contract | -- | -- | -- | |
| 11/07/2023 11/07/23 | Price Changed | $1,495 | -8.0% | $3 / Sq Ft | |
| 10/16/2023 10/16/23 | For Rent | $1,625 | +25.0% | -- | |
| 07/31/2020 07/31/20 | Rented | $1,300 | 0.0% | -- | |
| 06/26/2020 06/26/20 | For Rent | $1,300 | 0.0% | -- | |
| 06/19/2020 06/19/20 | Rented | $1,300 | 0.0% | -- | |
| 06/05/2020 06/05/20 | For Rent | $1,300 | 0.0% | -- | |
| 02/09/2018 02/09/18 | Sold | $710,000 | -1.3% | $231 / Sq Ft | View Prior Sale |
| 01/11/2018 01/11/18 | Pending | -- | -- | -- | |
| 12/14/2017 12/14/17 | For Sale | $719,000 | +30.7% | $233 / Sq Ft | |
| 01/19/2017 01/19/17 | Sold | $550,000 | -6.8% | $179 / Sq Ft | View Prior Sale |
| 01/19/2017 01/19/17 | Pending | -- | -- | -- | |
| 01/19/2017 01/19/17 | For Sale | $590,000 | -- | $192 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $10,126 | $824,015 | $162,481 | $661,534 |
| 2025 | $10,126 | $807,858 | $159,295 | $648,563 |
| 2024 | $9,458 | $792,018 | $156,172 | $635,846 |
| 2023 | $9,447 | $776,488 | $153,110 | $623,378 |
| 2022 | $9,312 | $761,263 | $150,108 | $611,155 |
| 2021 | $9,481 | $746,337 | $147,165 | $599,172 |
| 2020 | $9,341 | $738,684 | $145,656 | $593,028 |
| 2019 | $9,081 | $724,200 | $142,800 | $581,400 |
| 2018 | $7,030 | $561,000 | $112,200 | $448,800 |
| 2017 | $8,342 | $660,577 | $201,776 | $458,801 |
| 2016 | $8,249 | $647,625 | $197,820 | $449,805 |
| 2015 | $8,189 | $637,898 | $194,849 | $443,049 |
| 2014 | $8,042 | $625,402 | $191,032 | $434,370 |
Source: Public Records
Agents Affiliated with this Home
-
Prashant Sampat
Seller's Agent in 2026
Prashant Sampat
Pacific Avenue Realty
(562) 841-0227
6 in this area
202 Total Sales
-
Casey Overholt
CO
Seller's Agent in 2023
Casey Overholt
ALLIED PACIFIC PROPERTY MGMT.
(909) 794-8248
2 Total Sales
-
Dorance Creighton
Seller's Agent in 2017
Dorance Creighton
CREIGHTON REAL ESTATE
(909) 689-0230
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24245058
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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