$10,000 Closing Credit¹
#CV24226046, ERIC CHEN, Listing Office: CB RICHARD ELLIS
#CV24226026·
Listing office: CB RICHARD ELLIS·
Listing agent: ERIC CHEN·
Listing office phone: 626-757-5717
$1,050,000 List price
108 W Olive Ave Redlands, CA 92373
$10,000
Closing credit¹
0.3 acres
Condo
Property details
About 108 W Olive Ave
We 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 of multifamily properties all withing blocks of one another which includes 108 W Olive Avenue (4 Units); 305 W Olive Avenue (7 Units); 205 W Fern Avenue (8 Units); and 304 Eureka Street (3 Units). All 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.
Highlights
Home typeCondominium
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
Lot size0.2736 Acres
Year built1910
MLS #CV24226026
Summary
- Private Pool: No
- Heating: Wall Furnace
- Cooling: Wall/Window Unit(s)
- List Price: $1,050,000
- Annual Tax Amount: $3,146
- Tax Year: 2024
- Directions: Merge onto I-10 E, Take exit 77A for Alabama St, Turn right onto Tennessee St, Turn left onto W Redlands Blvd, Turn right onto Eureka St, Turn left onto W Olive Ave
- Year Built: 1910
- Stories: 2
- Lot Size: 0.2736 Acres
- MLS Number: CV24226026
- MLS Name: CRMLS
- Office Name: CB RICHARD ELLIS
- Office Phone: (626) 757-5717
- Listing Agent: ERIC CHEN
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,050,000
108 W Olive Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 03, 1988 | Home Sold | $140,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $257,564 | $3,146 |
| 2023 | $252,514 | $3,146 |
| 2022 | $247,563 | $3,102 |
| 2021 | $242,709 | $3,157 |
| 2020 | $240,221 | $3,027 |
| 2019 | $235,511 | $2,954 |
| 2018 | $230,893 | $2,930 |
| 2017 | $226,366 | $2,898 |
History based on county public records data.
Nearby schools
6
McKinley Elementary School
Public District KG-5
0.4 mi
•645 W Olive Ave
6
Kingsbury Elementary School
Public District KG-5
0.6 mi
•600 Cajon St
5
Franklin Elementary School
Public District KG-5
0.9 mi
•850 E Colton Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $36,579. Most Redlands, CA residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
49%
<35k
41%
35k-100k
7%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
59%
Single, No Kids
12%
Single, with Kids
17%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
5%
12-17 yrs old
25%
18-34 yrs old
43%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Continuing Education Courses
Hiking/backpacking
Pro Boxing
Where do the neighbors shop?
Express/Express For Men
Nordstrom Rack
Burlington
Where do the neighbors go to eat?
Qdoba
Chipotle
Popeyes
What do the neighbors drive?
Volkswagen
Mazda
Dodge
What do the neighbors listen to?
Urban Contemporary
Rock
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 108 W Olive Ave
The listing price of 108 W Olive Ave property is $1,050,000.
The property 108 W Olive Ave is a condo located in Redlands, California, 92373.
Active Listing: 108 W Olive Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 108 W Olive Ave are: McKinley Elementary School (GreatSchools Rating 6/10), Kingsbury Elementary School (GreatSchools Rating 6/10), Franklin Elementary School (GreatSchools Rating 5/10), Cope Middle School (GreatSchools Rating 6/10), Clement Middle School (GreatSchools Rating 6/10), Moore Middle School (GreatSchools Rating 5/10), Redlands High School (GreatSchools Rating 8/10), Orangewood High (Continuation) (GreatSchools Rating 2/10), Redlands Eacademy (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $3,146 (source: MLS/based on county public records data).
The last sale was on October 3, 1988 for $140,000 (source: MLS/tax record).
The property at 108 W Olive Ave has 0 bathroom.
The year of construction for 108 W Olive Ave is 1910.
This home is located at 108 W Olive Ave in Redlands, CA and zip code 92373 in the South Redlands neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 2, 2024 and is currently priced at $1,050,000.
While more than 17 listings in Redlands, CA in April 2025 were sold above asking price, there were more than 11 listings sold at asking price, and more than 20 were sold below. In April 2025 in Redlands, CA there were 0.9% more homes for sale than in March. Listings spent 28 days on the market in April 2025, and had a median list price of $643,295 during the same period.
From Rocket Homes Real Estate and based on county public records data.