230 S Buena Vista ST new Save Request In-Person Tour Request Virtual Tour
Redlands,CA 92373
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,396 sqft
Price per Sqft $360
MLS Listing ID 25565809
HOA Y/N No
Year Built 1910
Lot Size 0.251 Acres
Property Description
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.
Location
State CA
County San Bernardino
Area 268 - Redlands
Zoning R3
Interior
Fireplace No
Exterior
Parking Features On Street
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 0171312200000
Special Listing Condition Standard