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For sale
  • Listing Provided by: 

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    $975,000

    108 W Olive Ave, Redlands, CA 92373

    4beds
    3,172sqft
    : 
    Quadruplex
    Built in 1940
    -- sqft lot
    $961,600 Zestimate®
    $307/sqft
    $-- HOA

    What's special

    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 which includes 305 W Olive Avenue (7 Units). The 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.
    8 days
    on Zillow
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    727
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    32
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    Zillow last checked: 7 hours ago

    Listing updated: August 13, 2025 at 06:30am

    Listing Provided by:

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Source: CRMLS,MLS#: CV25181767MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 108 W Olive Ave.

    Next available tour time:Today at 11:30am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    • Main level bathrooms: 4
    • Main level bedrooms: 4
    Rooms
    • Room types: Kitchen
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total interior livable area: 3,172 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 0.27 Acres
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 0171291090000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Sidewalks
    Location
    • Region: Redlands

    Financial & listing details

    • Price per square foot: $307/sqft
    • Date on market: 8/12/2025
    • Listing terms: Cash,Cash to New Loan
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