Excellent investment opportunity in the heart Redlands! This well-maintained quadruplex features four separate units, including two spacious 3-bedroom, units and two spacious 2-bedroom units, offering a desirable mix of floor plans. The property has recently been updated with a new roof, new exterior paint, and new PEX plumbing throughout, providing several important improvements for the next owner. Each unit has its own garage and covered carport, providing residents with convenient covered parking, along with additional off-street parking. A centrally located community laundry room adds another convenience for tenants. Excellent value-add opportunity with four spacious units and current gross rental income of $81,288 annually. Actual NOI is $48,671. Current rents offer approximately $2,200 per month in potential upside, providing investors an opportunity to increase income through future rent growth. The property is ideally located with easy access to Downtown Redlands for shopping, dining, and entertainment, along with convenient freeway access and close proximity to the University of Redlands. With four separate units, recent improvements, ample parking, and a desirable location, this property presents an excellent opportunity for an investor looking to add a multifamily property to their portfolio.
Fantastic investment or multi-generational opportunity in Redlands south of the freeway. This rare property features two separate properties. Front Property is 1260 sq feet. With 3 bedrooms and two bathrooms. Wood floors throughout, fireplace, all new appliances. New roof installed 3 years ago. New AC. New energy efficiency tankless water heater. Nicely landscaped with low water drip system. Back house newly built in 2024. 900 sq. Ft. 3 bedroom two bathrooms Hardwood floors modern interiors with designer touches. Paid for solar panels. Attached one car garage. Private iron security gate. All new appliances. Both units rent for$2800 and $2900 a month. Ideal for investors seeking immediate cash flow or looking to live in one and rent the other.
Excellent opportunity to own two separate residences on one lot in an established Redlands neighborhood. This versatile property offers multiple possibilities, including rental income, multigenerational living, or owner occupancy with an additional income-producing residence. • 620 Church St features 2 bedrooms, 2 bathrooms, and a 2-car garage. • 624 Church St is privately positioned toward the rear of the property and offers a separate entrance, dedicated parking, 2 bedrooms, and 1 bathroom. With separate living spaces, independent access, and convenient parking, this property provides added privacy and flexibility for both occupants and investors. Ideally located near Downtown Redlands, local shopping, dining, schools, parks, and major commuter routes, this is a unique opportunity to own a desirable multi-unit property with strong long-term potential.
Wonderful duplex in excellent downtown location. Property is within walking distance to shopping, numerous restaurants, shops and transportation. The units have been updated with newer cabinets, counter tops, flooring, bathrooms and interior / exterior painting. The large 7,700 square foot lot has ample parking and possible room for an ADU or addition. One unit is currently rented and one is vacant for possible owner occupied purchase.
Looking for a property that offers flexibility and income potential? This unique property features two separate homes, each offering 2 bedrooms and 2 baths live in one and rent the other or add a fully occupied investment property to your portfolio.
2 separate turnkey homes on a single lot with attached garages on one lot! Great family compound property in highly rated in Redland Unified school district. Each home has separate gas and electric meters which allows each family to live comfortably and privately in both homes which are in impeccable, move-in-ready condition. Investor will appreciate the strong rental potential of $5,800–$6,000 per month ($2,900–$3,000 per unit)
211 Olive Residences Ready-To-Issue Multifamily Development Site 15 Units Downtown Redlands, CA 92373. Offered at $1,550,000. This is a fully entitled development opportunity in the heart of Downtown Redlands. The entitlement work is complete. The project consists of 15 market-rate residential units across two structures totaling 22,277 square feet. Eleven apartments occupy a three-story main building. Four ADUs occupy a separate detached structure. The unit mix is (3) one-bedroom one-bath, (7) two-bedroom one-bath, and (1) three-bedroom two-bath in the main building. The four ADUs consist of (2) two-bedroom two-bath units up to 1,150 square feet located on the north portion of the parking garage and (2) two-bedroom two-bath units up to 950 square feet in the detached stacked structure. Plans were designed by Gary Miller, AIA of Miller Architectural Corporation. All design disciplines are fully coordinated and approved. Architectural, structural, civil, mechanical, electrical, plumbing, fire, life safety, and landscape. The site is 0.39 acres and carries an AB 2097 parking exemption due to its proximity to the Redlands Arrow Metrolink station. On-site parking is provided. Downtown Redlands is a proven submarket. The University of Redlands drives consistent rental demand. Orange Street Alley and State Street anchor a walkable retail and dining corridor. The Arrow Line connects residents to the broader Metrolink network. Fully entitled multifamily sites in Downtown Redlands rarely come to market. This submarket offers immediate access to a thriving retail and dining corridor, the University of Redlands, the Arrow Metrolink Line, and an established base of national and local tenants that continue to drive foot traffic and rental demand throughout the area.
Income generates 4 unit in a desirable neighborhood. Conveniently located close to public transportation, highways, restaurants, schools, shopping centers, parks and major transportation routes. Residents will have easy access to all amenities. Unit Features: Unit # A: 3-bedrooms, 2 bathrooms, and a cozy fireplace in the living room. Unit # B, 2-bedrooms and 2 bathrooms and a small size of patio off the kitchen. Unit # C, 2-bedrooms and 2 bathrooms and a deck off the kitchen. Unit D: 2 bedrooms and 1 bathroom, with a spacious living area and a deck above the laundry room. Rental Income: Rents are below market due to long-term tenants. Each unit has an excellent floor plan that provides additional rental income potential for future growth. Each unit has its own electric and gas meters. Landlord pays water for the hot water tank for all 4 unit. Monthly HOA dues are $718 for trash, gardening, conducts regular security patrols, and sets aside reserves to maintain the asphalt behind all buildings to provide a professionally maintained appearance.
Redlands is located in California. Redlands, California has a population of 72,649. Redlands is less family-centric than the surrounding county with 31.52% of the households containing married families with children. The county average for households married with children is 33.94%.
The median household income in Redlands, California is $87,184. The median household income for the surrounding county is $70,287 compared to the national median of $69,021. The median age of people living in Redlands is 35.5 years.
The average high temperature in July is 96.7 degrees, with an average low temperature in January of 39.5 degrees. The average rainfall is approximately 13.6 inches per year, with 0 inches of snow per year.
