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.
|
DAYS ON MARKET
|
80
|
LAST UPDATED
|
4/2/2025
|
|
YEAR BUILT
|
1930
|
COMMUNITY
|
Redlands
|
|
COUNTY
|
San Bernardino
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Apr 2, '25
|
$1,695,000
|
| Apr 2, '25 - Today |
$1,625,000 |
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Refrigerator |
| AREA |
Redlands |
| GARAGE |
One Space, Private, Uncovered |
| HEAT |
Wall Furnace |
| LOT |
9360 sq ft |
| LOT DIMENSIONS |
60x156 |
| PARKING |
Private,One Space,Uncovered |
| STORIES |
2 |
| STYLE |
Craftsman |
| VIEW |
Yes |
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Listed with Keller Williams Beverly Hills
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/25 2:21 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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