Active

211 E Olive Avenue

Redlands, CA 92373
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Bed 0

Bed

Bath 0

Bath

SqFt22,277

Sqft

SqFt16,912

Sqft(Lot)

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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Detail Ic Property Details

Property Type : Residential Income

Price : $1,550,000

AD Id : 76008482

MLS Id : 26661985

Lot Size : 16,912 Sqft

Living Area Size : 22,277

Year Built : --

County : San Bernardino

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Feature Features

  • Bedroom Information

    Total Bedrooms: 0

    Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0

  • Building Information

    Building Area Total: 22,277

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3882
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 16912

  • Listing Price Information

    Original List Price: 1,550,000 Listing Contract Date: 2026-03-03
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 0171281300000

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 268 - Redlands Directions: From the 10 Freeway, exit Orange Street and head south. Turn left on Olive Avenue. Property is located at 211 East Olive Avenue on the left. Source Property Type: Residential Income Area: 268 - Redlands
  • Building and Construction

    Year Built Source: Vendor Enhanced Total Square Feet Living: 22277 Levels or Stories: Multi/Split
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At $69.58 per sq.ft.,this listing is priced below average compared to other homes from Redlands.

The average homes price in Redlands is $370202.62 with avg. price / sq.ft of $2102.04.

The average homes price in San Bernardino County is $373818.81 with avg. price / sq.ft of $2100.74.

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Nearby Home Value

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31500 Lake Shore Drive, Redlands, CA, 92373 $303,000 3 2 938 938 SqFt
31027 E Sunset Drive, Redlands, CA, 92373 $1,449,900 6 3 4,227 4,227 SqFt
12669 Valley View Lane, Redlands, CA, 92373 $1,795,000 4 3 3,291 3,291 SqFt
30993 Palo Alto Drive, Redlands, CA, 92373 $849,000 4 2 1,894 1,894 SqFt
30825 Palo Alto Drive, Redlands, CA, 92373 $829,999 3 2 1,766 1,766 SqFt
12698 La Solana Drive, Redlands, CA, 92373 $1,350,000 5 4 3,800 3,800 SqFt
1711 Kyle, Redlands, CA, 92373 $1,350,000 5 4 3,178 3,178 SqFt

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ByOwner last updated this listing 04/07/2026 @ 00:58

MLS: 26661985 LISTED BY: Oscar Diaz, Marcus & Millichap 310-909-5500 SOURCE: CRMLS

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