32 N San Mateo Street, Redlands, CA 92373

Redlands
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
32 N San Mateo Street,Redlands, CA 92373
$1,350,000
  • 9 Beds
  • 5 Baths
  • 3,990 sq. ft.
  • Multi-family
  • Active
Listed by: tyler brand
Office: exp commercial of california, inc.
MLS#:26669797
Source:CRMLS

Price summary

  • Price:$1,350,000
  • Price per sq. ft.:$338.35

About this home

eXp is pleased to present the opportunity to acquire 32 N San Mateo Street, a 5-unit value-add multifamily asset located in the highly desirable South Redlands submarket of the Inland Empire.Built in 1963, the property consists of (4) 2-bedroom / 1.5-bath units and (1) 1-bedroom / 1-bath unit totaling approximately 3,990 square feet on a spacious 14,600 square foot lot. The asset is offered at $1,350,000, representing $270,000 per unit and $338/SF, providing an attractive basis relative to recent comparable sales. At stabilized rents, the property is projected to achieve approximately $10,625/month in gross income and a 6.16% market cap rate.Recent capital improvements completed between 20222024 include upgrades to the driveway, exterior stairs, deck, pool filter, and laundry room electrical. The property also features on-site laundry (owned machines), a swimming pool, and ample parking, minimizing near-term capital expenditures while supporting tenant retention and rent...

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Home facts

  • Listing ID #:26669797
  • Added:1 day(s) ago
  • Updated:March 28, 2026 at 01:23 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:5
  • Kitchen Description:Washer
  • Living area:3,990 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Building area:3,990 sq. ft.
  • Lot area:0.34 Acres
  • Levels:Multi Split

Finances and disclosures

  • Price:$1,350,000
  • Price per sq. ft.:$338.35

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer
  • Pool features:Fenced

Parking

  • Total parking spaces:5
  • Parking description:5 Carport Space(s), Carport
  • Carport spaces:5
Based on information from California Regional Multiple Listing Service, Inc. as of March 28, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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