305 West Olive Avenue

Off Market

305 West Olive Avenue

Redlands CA 92373

8400 sq. ft.

Multi-Family

Last sold for $1,150,000

ERIC CHEN, last sold this property on 18 November 2025 after 140 days on market.

Overview

We are proud to exclusively present for sale a 7-unit apartment community located at 305 W Olive Avenue in the historic downtown district of the city of Redlands. The property is part of a portfolio which includes 108 W Olive Avenue (4 Units). The properties can be sold together or individually. 305 W Olive Avenue is located south of Interstate 10 and is situated between Alvarado 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 citys top employer) and the University of Redlands; and within five miles of Loma Linda University Medical Center. 305 W Olive Avenue offers convenient access to the 10, 210 and 215 freeways and neighboring cities in the countyLoma 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 1906, 305 W Olive Avenue is comprised of one three-story mansion that was legally converted to seven units comprising of two studios, four one-bedroom/one-bath units, and one large penthouse one-bedroom/one-bathroom unit. The property has a lot size of 8,400 square feet and total rentable square feet of approximately 3,800 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. 305 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.

Features

2 bedrooms

3 bathrooms

8400 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 2 bedroom multi families sold in Redlands over the last 12 months, the estimated median property value of 305 West Olive Avenue is $1.18m.

Median value

$1.18m

Estimated value range

$745k - $1.5m

Median days on market

372

Estimated value trend

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Redlands. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 305 West Olive Avenue

2025

Sold

$1,150,000

18 Nov 2025 by ERIC CHEN, of CB RICHARD ELLIS

Happy sellers in Redlands

80%

80% of sellers in Redlands reported that their sale price either exceeded or met their price expectations.

Redlands stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Redlands over the last 12 months.

Local market activity for 2 bedroom multi families in Redlands

In the last 12 months, 3 two-bedroom multi families similar to 305 West Olive Avenue, have been sold.

This represents a 200% decrease in two-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Redlands for a market analysis.

Cristina Caministeanu

(171 reviews)

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Brenda Piceno

at Coldwell Banker Realty - Riverside

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Nearby agents

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Cristina Caministeanu

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