Backup offers
$10,000 Closing Credit¹
#CV24226009, ERIC CHEN, Listing Office: CB RICHARD ELLIS
#OC24245058·
Listing office: Pacific Avenue Realty·
Listing agent: Prashant Sampat·
Listing office phone: 562-841-0227
$1,350,000 List price
120 W Olive Ave Redlands, CA 92373
$10,000
Closing credit¹
0.2 acres
Condo
Property details
About 120 W Olive Ave
Charming 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!
Highlights
Home typeCondominium
StatusActive
Lot size0.1928 Acres
Year built1940
MLS #OC24245058
Summary
- Private Pool: No
- List Price: $1,350,000
- Annual Tax Amount: $9,447
- Tax Year: 2024
- Lot: Front Yard
- Directions: Cross Streets: Eureka St & Olive Ave
- Year Built: 1940
- Stories: 2
- Lot Size: 0.1928 Acres
- MLS Number: OC24245058
- MLS Name: CRMLS
- Office Name: Pacific Avenue Realty
- Office Phone: (562) 841-0227
- Listing Agent: Prashant Sampat
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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$1,350,000
120 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 |
|---|---|---|
| Feb 09, 2018 | Home Sold | $710,000 |
| Jan 09, 2017 | Home Sold | $550,000 |
| May 09, 2005 | Home Sold | $550,000 |
| Aug 12, 1993 | Home Sold | $126,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $792,018 | $9,447 |
| 2023 | $776,488 | $9,447 |
| 2022 | $761,263 | $9,311 |
| 2021 | $746,337 | $9,480 |
| 2020 | $738,684 | $9,080 |
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. The majority of families are single, no kids. The most common level of education of people living 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 120 W Olive Ave
The listing price of 120 W Olive Ave property is $1,350,000.
The property 120 W Olive Ave is a condo located in Redlands, California, 92373.
Active Listing: 120 W Olive Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 120 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 $9,447 (source: MLS/based on county public records data).
The last sale was on February 9, 2018 for $710,000 (source: MLS/tax record).
The property at 120 W Olive Ave has 0 bathroom.
The year of construction for 120 W Olive Ave is 1940.
This home is located at 120 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 January 14, 2025 and is currently priced at $1,350,000.
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. Between March and April 2025, Redlands, CA real estate market has seen increase in the number of listings by 0.9%. In April 2025 median list price was $643,295 and the average listing age was 28 days.
From Rocket Homes Real Estate and based on county public records data.