Opening page…
Closed
- Listed price
- $590,000
- Listed Jan 19, 2017
- Sold price
- $550,000
- Sold Jan 19, 2017
8,400 sqft lot|1940 Built|0 MLS days on market
120 W Olive Ave, Redlands, CA 92373
Property Description
We are pleased to present this five unit apartment building in Redlands California. This building has one two bedroom two bath, two one bedroom one bathroom, and two studios. Fully occupied building no vacancies. Low expenses great cash flow. Building is walking distance from downtown Redlands where tenants can enjoy shopping and entertainment and walk back to their unit. This market shows a trend of raising rents quarter to quarter making it an excellent investment for years to come. 6.3% CAP RATE actual 7.8% CAP RATE PRO FORMA. Tenants pay electricity and gas. Water, sewer, trash is together ($437) paid by owner. Building has separately metered electricity and gas, building exterior newly painted, building shows pride of ownership. After a decade of ownership the rare opportunity for you to own an apartment building in desirable South Redlands can be realized.
Listing agent: DORANCE CREIGHTONDRE #01754629DORANCE.CREIGHTON@GMAIL.COM, Listing office: DORANCE CREIGHTON JR
MLS data updated 10/31/2026, 3:14:26 AM PT
Source: CRMLSMLS #: CV17012682
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$550,000
Jan 19, 2017
Available records22017
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92373 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 92373 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.