30 N Ash Street
Redlands, CA, 92373 $ 4,750,000
Bedrooms34 Baths8.1 Sq 17,205 Monthly Estimate*
$ 33,180
Listed by Mark Bridge, Broker
for $4,750,000 with 34 bedrooms and 8 full baths, 1 half bath. This 17,205 square foot home was built in 1964 on a lot size of 0.511.
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.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Composition Shingle
Appliances BuiltInRange Disposal
Garage Spaces 0.0
Pool Features Community Fenced InGround
Year Built 1964
Tenant Pays Electricity Gas
Stories 2
Levels Two
Property SubType MixedUse
Gross Income 408060.0
Community Features Curbs Gutters StormDrains StreetLights Suburban Sidewalks Pool
County San Bernardino
Net Operating Income 212739.0
Operating Expense 183169.0
Insurance Expense 10000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Head N on S Center St. Then a Left onto Brookside Ave. Then a Right onto N Ash St and property will be on the Right.
City Redlands
Entry Location First
View Y/N N
Senior Community Y/N N
Open Parking Spaces 2.0
Total Units 20
MLS Area 268 - Redlands
Lot Size Square Feet 22260.0
Private Pool N
Waterfront Y/N N
Carport Spaces 20.0
Carport Y/N Y
Number of Units Leased 20
Street Name Ash
Listing Terms Cash CashtoNewLoan
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 4928.0
Home Warranty Y/N N
Fuel Expense 8486.0
Trash Expense 9000.0
Water Sewer Expense 30963.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 7
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 9
Total Actual Rent 405060.0
Property Sub Type Additional MixedUse
Taxes 57000.0
Cap Rate 4.5
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InteriorFlooring Carpet Tile Vinyl
Total Stories 2
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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ExteriorParking Features AttachedCarport Assigned
Lot Features Item1620UnitsAcre
Water Source Public
Total Parking 22.0
Lot Size Area 22260.0
Number of Buildings 1
Spa N
Building Area Total 17205.0
Lot Size Acres 0.511
Lot Size Units SquareFeet
Lot Size Source Assessor
Pool Charge 5400.0
Number of Separate Water Meters 1
Number of Separate Gas Meters 20
Number of Separate Electric Meters 20
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByMark Bridge, BrokerBroker
Affordability Calculator
- Monthly Principal & Interest
- $33,180
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Redlands, CA
Average List Price $1,214,917
Percent of Sale Price 74%
About Redlands, CA 72,418 Population
13% Since 2002
$ 69,226 Median Income
37.26 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/2/2024 | $4,750,000 | -4.90% | Price Down |
| 4/26/2024 | $4,995,000 | | Listed Price |