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Rare Redlands 5-Unit Surrounded by Single Family Homes with Immediate Rental Potential. Located on one of central Redlands' quietest residential streets, 230 S Buena Street is one of the only multifamily properties in the area. This low-density, well-maintained five-unit is currently operating at a 5.37% cap rate, with four of five units below market and an estimated $525 in monthly rent growth available. The unit mix includes three two-bedroom units, one one-bedroom, and one studio. Amenities include five garages, open parking, onsite laundry, and one unit with its own in-unit washer and dryer. The roofs have been recently replaced, and the property is separately metered for electricity, helping reduce owner-paid utility costs. Tenants benefit from proximity to Downtown Redlands, Prospect Park, the University of Redlands, and convenient access to the I-10 and 210 Freeways. This is a rare opportunity for investors seeking stable cash flow, strong tenant demand, and rental upside in one of Redlands' most supply-constrained neighborhoods.
Property Type(s):
Residential Income
| Last Updated | 7/15/2025 | Year Built | 1910 |
|---|---|---|---|
| Community | 268 - Redlands | County | San Bernardino |
Additional Details
| AREA | 268 - Redlands |
|---|---|
| GARAGE | Attached Garage |
| LOT | 0.2507 acre(s) |
| PARKING | Attached, On Street |
| STORIES | 2 |
Location
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Listed with Marcus & Millichap
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