$10,000 Closing Credit¹
#OC24245058, Prashant Sampat, Listing Office: Pacific Avenue Realty
#CV24226009·
Listing Office: CB RICHARD ELLIS·
Listing Agent: ERIC CHEN·
Listing Office Phone: 626-757-5717
$1,350,000 List price
305 W Olive Ave Redlands, CA 92373
$10,000
Closing credit¹
0.2 acres
Condo
Property details
About 305 W Olive Ave
We are proud to exclusively present for sale a 7-unit apartment community located at 305 W Olive Avenue in the historic downtown district of the city of Redlands. The property is part of a portfolio of multifamily properties all within blocks of one another which includes 305 W Olive Avenue (7 Units); 205 W Fern Avenue (8 Units); 108 W Olive Avenue (4 Units); and 304 Eureka Street (3 Units). All properties can be sold together or individually. 305 W Olive Avenue is located south of Interstate 10 and is situated between Alvarado 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. 305 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 1906, 305 W Olive Avenue is comprised of one three-story mansion that was legally converted to seven units comprising of two studios, four one-bedroom/one-bath units, and one large penthouse one-bedroom/one-bathroom unit. The property has a lot size of ±8,400 square feet and total rentable square feet of approximately ±3,800 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. 305 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 size0.1928 Acres
Year built1906
MLS #CV24226009
Summary
- MLS Number: CV24226009
- 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: 2/23/2025, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,350,000
305 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
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $61,726 | $908 |
| 2023 | $60,516 | $908 |
| 2022 | $59,329 | $897 |
| 2021 | $58,165 | $910 |
| 2020 | $57,568 | $879 |
| 2019 | $56,439 | $862 |
| 2018 | $55,332 | $856 |
| 2017 | $54,247 | $848 |
History based on county public records data.
Nearby schools
6
McKinley Elementary School
Public District KG-5
0.3 mi
•645 W Olive Ave
6
Kingsbury Elementary School
Public District KG-5
0.6 mi
•600 Cajon St
8
Smiley Elementary School
Public District KG-5
0.9 mi
•1210 W Cypress 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 $61,349. The majority of Redlands, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
25%
<35k
55%
35k-100k
17%
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?
58%
Single, No Kids
9%
Single, with Kids
19%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
6%
12-17 yrs old
30%
18-34 yrs old
44%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Yoga/pilates
Continuing Education Courses
Where do the neighbors shop?
Banana Republic
H&M
Express/Express For Men
Where do the neighbors go to eat?
Sonic
Dominos Pizza
Qdoba
What do the neighbors drive?
Infiniti
Audi
Volkswagen
What do the neighbors listen to?
Urban Contemporary
Alternative
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 305 W Olive Ave
This home is located at 305 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 1, 2024 and is currently priced at $1,350,000.
In January 2025 more than 9 listings in Redlands, CA were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 11 were sold below. The number of listings in Redlands, CA increased by 3.2% between December and January 2025. In January 2025, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $635,000.
From Rocket Homes Real Estate and based on county public records data.