230 S Buena Vista Street, Redlands, CA 92373

• 3,396 sqft

Property Description

Rare Redlands 5-Unit Surrounded by Single Family Homes. Located on a quiet residential block just off Olive Avenue, 230 S Buena Street is one of the only multifamily properties in this central Redlands neighborhood. The property consists of five units including two two-bedroom units, one one-bedroom unit, and two studios, one of which is oversized. It is currently operating at a 5.31% cap rate with a pro forma cap rate of 6.27%. One unit includes its own in-unit washer and dryer, while the remaining four share a common laundry room. The 10,920 square foot lot includes five garages, four assigned parking spaces in the rear, and additional open parking. Recent roof replacements and separate electric meters help reduce operating costs and improve efficiency. The location offers walkable proximity to Downtown Redlands, Prospect Park, and the A.K. Smiley Public Library, with easy access to the I-10 and 210 Freeways connecting to Riverside, San Bernardino, and surrounding job hubs.

Listing Status:

Pending

Date Added:

July 15, 2025 at 05:00AM

Listing Office:

Marcus & Millichap : 310-909-5500

Listing Agent:

Oscar Diaz : 213-943-1884

MLS ID:

25565809

Exterior

• Parking: On StreetParking spaces: 8

Construction

• General: 2

Location

• Originating MLS: CRMLS_CL
• County: San Bernardino

Lot

• Zoning: R30171312200000

Financial

• Source: CRMLS_CL

This listing courtesy of Oscar Diaz, Marcus & Millichap