Redlands, CA 92373,30 N Ash ST
Redlands, CA 92373,30 N Ash ST
Redlands, CA 92373,30 N Ash ST
Redlands, CA 92373,30 N Ash ST
Redlands, CA 92373,30 N Ash ST
Redlands, CA 92373,30 N Ash ST
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$4,200,000

$4,500,000

6.7%
Est.Price: ?

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Est. payment /mo

0.51 Acres Lot


SOLD DATE : 06/27/2024

Key Details

Sold Price $4,200,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC24082888

Sold Date 06/27/24

HOA Y/N No

Year Built 1964

Lot Size 0.511 Acres

Property Description

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.

Location

State CA

County San Bernardino

Area 268 - Redlands

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Built-In Range, Disposal

Laundry Common Area

Exterior

Parking Features Attached Carport, Assigned

Carport Spaces 20

Pool Community, Fenced, In Ground

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks, Pool

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Composition,Shingle

Total Parking Spaces 22

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 0171423030000

Energy Description 8486.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Assumed

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Mark Bridge • Mark Bridge, Broker • Mark.Bridge@cushwake.com
Bought with Samuel Mikhail • The New City Realty
agent-avatar

+1(619) 519-2303

steve@stevelucal.com

PO Box 181892, Coronado, California, 92178, United States

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