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304 Eureka Street

Redlands, CA 92373

$950,000

List Price

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bed Beds

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shower Baths

N/A sqft

straighten / sqft

1887

calendar_month Built

Property Description

We are proud to exclusively present for sale a 3-unit apartment community located at 304 Eureka Street in the historic downtown district of the city of Redlands. The property is part of a portfolio of multifamily properties all within blocks of one another which includes 304 Eureka Street (3 Units); 108 W Olive Avenue (4 Units); 305 W Olive Avenue (7 Units); and 205 W Fern Avenue (8 Units). All properties can be sold together or individually. 304 Eureka Street is located south of Interstate 10 and is situated between W Clark Street and Fern Avenue, 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 city’s top employer) and the University of Redlands; and within five miles of Loma Linda University Medical Center. 304 Eureka Street offers convenient access to the 10, 210 and 215 freeways and neighboring cities in the county—Loma 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 1887, 304 Eureka Street is comprised of a two-story house that was legally converted to three apartment units comprising of one one-bedroom/one-bath unit, one two-bedroom/one-bath unit, and one three-bedroom/one-bathroom unit. The property has a lot size of ±11,920 square feet and total rentable square feet of approximately ±2,305 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, an on-site laundry facility and a detached garage/workshop. 304 Eureka Street 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.

Listing Information

List Price $950,000
Status Active
MLS CV24226046
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1887
Lot Size 11,920
Structure Size N/A
Courtesy Of CB RICHARD ELLIS
Listing Agent ERIC CHEN DRE#01489184

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

home_work Nearby Properties

Image

$1,100,000

king_bed N/A
shower N/A
straighten N/A
straighten 11,920
108 W Olive Avenue,

Redlands, CA 92373
Image

$1,400,000

king_bed N/A
shower N/A
straighten N/A
straighten 8,400
305 W Olive Avenue,

Redlands, CA 92373
Image

$2,150/month

king_bed 1
shower 1
straighten 900
straighten 3,125
258 Eureka St,

Redlands, CA 92373
Image

$1,495/month

king_bed 1
shower 1
straighten 550
straighten 8,000
24 Grant Street, #5,

Redlands, CA 92373
Image

$300/month

king_bed N/A
straighten N/A
straighten N/A
202 E State Street,

Redlands, CA 92373

Listing information courtesy of: ERIC CHEN, CB RICHARD ELLIS 909-418-2071. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 1st, 2024 at 11:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.