Franz Rodriguez - Desert Lifestyle Properties Logo
$1,550,000
 $8,321 est/mo Sourced by Back At You

211 E Olive Avenue,Redlands, CA 92373

Redlands, CA 92373

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Description

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.

Details

MLS #26661985
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site170
Listing Provided ByMarcus & Millichap | Oscar Diaz

Features

SQ Feet22,277
Units15
Building(s)2
Acreage0.39

Area Information

StateCA
CountySan Bernardino
CityRedlands
Zip Code92373
Area268 Redlands
Listing VS Median (in 92373)
Price:
$1,550,000
low | high
Med:
$719,950
100% of Average
sqft:
22,277
low | high
Med:
1,856
100% of Average
$ / sqft:
$70
low | high
Med:
$389
100% of Average
On site:
170
low | high
Med:
35
100% of Average
Sourced by Back At You

Market Activity 92373

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Learn More About This Property

Franz Rodriguez

Franz Rodriguez

Desert Lifestyle Properties

02002804 (951) 206-8296franzpsrealtor@gmail.com
StateCA
CountySan Bernardino
CityRedlands
Zip Code92373
Area268 Redlands
Listing VS Median (in 92373)
Price:
$1,550,000
low | high
Med:
$719,950
100% of Average
sqft:
22,277
low | high
Med:
1,856
100% of Average
$ / sqft:
$70
low | high
Med:
$389
100% of Average
On site:
170
low | high
Med:
35
100% of Average
Sourced by Back At You
Listing Updated: August 22, 2026 at 12:00:46 AM PDT