Sold

Closed

30 N Ash Street

Redlands CA, 92373

$4,200,000


$244.12 per sqft

Sold

Closed

17,205 sqft

Condo

Built in 1964

Listed by Mark Bridge with Mark Bridge, Broker 949-474-4004

We proudly present The Orleans Apartments in a desirable pocket of the City of Redlands. Redlands is a highly desirable city with very little multifamily sales. The Orleans Apartments is a garden-style two-story walk-up style complex built in 1964 with charming curb appeal. This 19 + 1 non-conforming unit property has an attractive unit mix of one 3-bed 2-bath unit, five 2-bed 2-bath units, six 2-bed 1.5-bath townhouses, two 2-bed 1-bath units, five 1-bed 1-bath units, and a non-conforming but large studio unit.

A sparkling swimming pool sits in the center of the courtyard to cool the tenants off in the summer heat, and a large on-site laundry room with wash tubs and storage lockers for tenant detergents and other items. There is ample parking with twenty covered carports with tenant storage lockers and additional street parking.

There have been some recent exterior renovations including: a new pitched shingle roof in 2024, new HVAC units on the roof in 2024, and new exterior paint in 2023. There have also been some recent interior renovations. Seven of the twenty units have been very lightly renovated with some new vinyl flooring, new lighting, paint, and new bathroom vanities. Also, nine bathroom tubs have been significantly renovated. The building electrical wiring is copper. Overall, a buyer has a value-add opportunity in rent growth through new renovations.

The property is located in a highly sought after pocket of Redlands. There are extremely few multifamily opportunities that come up in this area. The building is approximately 1 mile from Downtown Redlands and Redlands Metrolink Station. Also within 1 mile are McKinley Elementary, Redlands Adventist Academy, Arrowhead Christian Academy, Orangewood High School, Redlands Fire Department, Redlands Urgent Care, Redlands Packing House District, Downtown Redlands, and Sprouts Farmers Market.

Within 2 miles are Cope Middle School, Smiley Elementary School, Trader Joe's, CA-10 Freeway, Heritage Park, Redlands High School, Tri City Shopping Center, Redlands Hospital, Albertsons, and the University of Redlands.

OC24082888

MLS ID

April 26, 2024

Listed

July 14, 2024

Updated

Map

30 N Ash Street
Redlands CA, 92373

Interior Features

Total Stories

2


Appliances

Built-In Range, Disposal


Laundry Description

Common Area


Floor Description

Carpet, Tile, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.51 Acres


Lot Features

16-20 Units/Acre


Roof

Composition, Shingle


Sewer

Public Sewer

Other Property Details

Area Name

268 - Redlands


Days on Market

32


Garage

No


Parking

Attached Carport, Assigned


Parking Total

22


View

No


County

San Bernardino


Water Source

Public


Pool

No


Pool Features

Community, Fenced, In Ground


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

6/28/2024

Sold

$4,200,000

5/29/2024

Pending

5/14/2024

Price Change

$4,500,000

-6%

5/3/2024

Price Change

$4,750,000

-5%

Listing Contact: 949-474-4004 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/14/2024 at 7:06 AM UTC

 

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