230 S Buena Vista ST new Save Request In-Person Tour Request Virtual Tour
Redlands,CA 92373
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,396 sqft
Price per Sqft $360
MLS Listing ID 25565809
HOA Y/N No
Year Built 1910
Lot Size 0.251 Acres
Property Description
Rare Redlands 5-Unit Surrounded by Single Family Homes with Immediate Rental Potential. Located on one of central Redlands' quietest residential streets, 230 S Buena Street is one of the only multifamily properties in the area. This low-density, well-maintained five-unit is currently operating at a 5.37% cap rate, with four of five units below market and an estimated $525 in monthly rent growth available. The unit mix includes three two-bedroom units, one one-bedroom, and one studio. Amenities include five garages, open parking, onsite laundry, and one unit with its own in-unit washer and dryer. The roofs have been recently replaced, and the property is separately metered for electricity, helping reduce owner-paid utility costs. Tenants benefit from proximity to Downtown Redlands, Prospect Park, the University of Redlands, and convenient access to the I-10 and 210 Freeways. This is a rare opportunity for investors seeking stable cash flow, strong tenant demand, and rental upside in one of Redlands' most supply-constrained neighborhoods.
Location
State CA
County San Bernardino
Area 268 - Redlands
Zoning R3
Interior
Fireplace No
Exterior
Parking Features On Street
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 0171312200000
Special Listing Condition Standard