211 E Olive Avenue, Redlands, CA 92373
Local realty services provided by:ERA Excel Realty
211 E Olive Avenue,Redlands, CA 92373
$1,550,000
- - Beds
- - Baths
- 22,277 sq. ft.
- Multi-family
- Active
Listed by: oscar diaz
Office: marcus & millichap
MLS#:26661985
Source:CRMLS
Price summary
- Price:$1,550,000
- Price per sq. ft.:$69.58
About this home
211 Olive Residences Ready-To-Issue Multifamily Development Site | 15 Units | Downtown Redlands, CA 92373. Offered at $1,550,000. This is a fully entitled development opportunity in the heart of Downtown Redlands. The entitlement work is complete. The project consists of 15 market-rate residential units across two structures totaling 22,277 square feet. Eleven apartments occupy a three-story main building. Four ADUs occupy a separate detached structure. The unit mix is (3) one-bedroom one-bath, (7) two-bedroom one-bath, and (1) three-bedroom two-bath in the main building. The four ADUs consist of (2) two-bedroom two-bath units up to 1,150 square feet located on the north portion of the parking garage and (2) two-bedroom two-bath units up to 950 square feet in the detached stacked structure. Plans were designed by Gary Miller, AIA of Miller Architectural Corporation. All design disciplines are fully coordinated and approved. Architectural, structural, civil, mechanical, electrical, plumbing, fire, life safety, and landscape. The site is 0.39 acres and carries an AB 2097 parking exemption due to its proximity to the Redlands Arrow Metrolink station. On-site parking is provided. Downtown Redlands is a proven submarket. The University of Redlands drives consistent rental demand. Orange Street Alley and State Street anchor a walkable retail and dining corridor. The Arrow Line connects residents to the broader Metrolink network. Fully entitled multifamily sites in Downtown Redlands rarely come to market. This submarket offers immediate access to a thriving retail and dining corridor, the University of Redlands, the Arrow Metrolink Line, and an established base of national and local tenants that continue to drive foot traffic and rental demand throughout the area....
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Home facts
- Listing ID #:26661985
- Added:16 day(s) ago
- Updated:March 23, 2026 at 01:35 PM
Rooms and interior
- Living area:22,277 sq. ft.
Structure and exterior
- Building area:22,277 sq. ft.
- Lot area:0.39 Acres
- Levels:Multi Split
Finances and disclosures
- Price:$1,550,000
- Price per sq. ft.:$69.58
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