See all 9 photos
9 photos
Additional details
$1,625,000
Est. payment /mo
6 Beds
7 Baths
4,517 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,517 sqft
Price per Sqft $359
MLS Listing ID 25502965
Bedrooms 6
HOA Y/N No
Year Built 1930
Lot Size 9,361 Sqft
Property Description
PRICE IMPROVEMENT - Located on prestigious Fern Avenue in the highly desirable Smiley Heights Historic District, this 7-unit multifamily property is a rare find in an A+ Redlands location. Just minutes from Downtown Redlands, the University of Redlands, and ESRI headquarters - the world's leading location-based technology company - this property is perfectly positioned for strong rental demand. Situated on a spacious 9,300+ sq. ft. lot, this property features a huge parking area with 4 private garages plus additional open parking spaces. Additionally, the ample lot size provides excellent potential for adding Accessory Dwelling Units (ADUs), offering investors a fantastic opportunity to increase rental income. Residents enjoy the best of South Redlands, with tree-lined streets, historic charm, and modern conveniences all within reach. The area boasts top-rated public schools, scenic parks, shopping centers, fitness facilities, and a vibrant dining scene. Plus, with easy access to I-10, San Bernardino International Airport (7 miles away), and surrounding cities, this is an unbeatable location for tenants. This is an outstanding opportunity to own a well-positioned investment property with significant value-add potential in one of Redlands' most sought-after areas. Seller financing may be available.
Location
State CA
County San Bernardino
Area 268 - Redlands
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Private, One Space, Uncovered
View Y/N Yes
Attached Garage No
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Architectural Style Craftsman
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 0173033050000
Special Listing Condition Standard
Read Less Info
Listed by Jesse Stamps • Keller Williams Beverly Hills