$1,225,000

Estimated payment $7,887/month

Total Views 4,357
-- Bed
-- Bath
3,396 Sq Ft
$361 Price per Sq Ft

About This Home

Rare Redlands 5-Unit Surrounded by Single Family Homes. Located on a quiet residential block just off Olive Avenue, 230 S Buena Street is one of the only multifamily properties in this central Redlands neighborhood. The property consists of five units including two two-bedroom units, one one-bedroom unit, and two studios, one of which is oversized. It is currently operating at a 5.31% cap rate with a pro forma cap rate of 6.27%. One unit includes its own in-unit washer and dryer, while the remaining four share a common laundry room. The 10,920 square foot lot includes five garages, four assigned parking spaces in the rear, and additional open parking. Recent roof replacements and separate electric meters help reduce operating costs and improve efficiency. The location offers walkable proximity to Downtown Redlands, Prospect Park, and the A.K. Smiley Public Library, with easy access to the I-10 and 210 Freeways connecting to Riverside, San Bernardino, and surrounding job hubs.

Listing Agent

Oscar Diaz

Marcus & Millichap License #02022902 Listed on: 07/15/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 0.25 Acre Lot

Interior Spaces

  • 3,396 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Parking Spaces
  • On-Street Parking

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • The owner pays for gas, water
  • Assessor Parcel Number 0171-312-20-0000

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3396
  • Lot Acreage: 0.2507
  • Stories: 2
  • Year Built: 1910
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 360.72

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: On street, Garage Is Attached
  • Total Parking: 8

Lot Info

  • Assessed Improvement Percent: 68.57
  • Assessed Improvement Value: 546158
  • Assessed Land Percent: 31.43
  • Assessed Land Value: 250323
  • Total Assessed Value: 796481
  • Assessor Parcel Number: 0171-312-20-0000
  • Lot Size Area: 10920

Rental Info

  • Owner Pays: Gas, Water
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 12.20
  • Number Of Units: 5
  • Total Annual Expense: 31591
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 For Sale $1,225,000 +75.0% $361 / Sq Ft
09/09/2016 09/09/16 Sold $700,000 -1.4% $175 / Sq Ft
06/20/2016 06/20/16 For Sale $710,000 +86.8% $178 / Sq Ft
09/18/2013 09/18/13 Sold $380,000 -11.4% $127 / Sq Ft
09/11/2013 09/11/13 Pending -- -- --
08/06/2013 08/06/13 For Sale $429,000 -- $143 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25565809

The MLS

APN: 0171-312-20