SoldNov 18, 2025

Listed and Bought with ERIC CHEN from CB RICHARD ELLIS

Source: San Diego MLS #CV24226009

305 West Olive Avenue, Redlands, CA, 92373

$1,150,000

2
3
8400 sq. ft.

MultiFam

•

30+ days on the market

Sold: Nov 18, 2025

What's around 305 West Olive Avenue

About this property

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.

Looking for more information on 305 West Olive Avenue?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties sold nearby

SoldFeb 13, 2026
$1,200,000
120 West Olive Avenue
Redlands CA 92373
2
2
Multi-Family
Listing courtesy of Pacific Avenue Realty
SoldDec 23, 2025
$1,500,000
24 Grant Street
Redlands CA 92373
2
4
Multi-Family
Listing courtesy of Rita Shaw Broker & Associates and Kaleo Real Estate Company
SoldOct 31, 2025
$745,000
28 North Michigan Street
Redlands CA 92373
2
1
Multi-Family
Listing courtesy of Rita Shaw Broker & Associates and Primary Partners

Other properties sold by CB RICHARD ELLIS

SoldSep 21, 2026
$2,400,000
13989 Moreno Rose Place
Moreno Valley CA 92553
Land
Listing courtesy of CB RICHARD ELLIS and Centaline Investment Inc
SoldSep 2, 2026
$1,250,000
2708 Penn Mar Avenue
El Monte CA 91732
3
2
Multi-Family
Listing courtesy of CB RICHARD ELLIS and IRN REALTY
SoldSep 1, 2026
$5,855,000
1680 E Palm Canyon Dr
Palm Springs CA 92264
6
4
Multi-Family
Listing courtesy of CB RICHARD ELLIS

Browse properties sold in nearby areas

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2026 San Diego MLS.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent