32 N San Mateo Street, Redlands, CA 92373

Redlands
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
32 N San Mateo Street,Redlands, CA 92373
$1,350,000
  • 9 Beds
  • 5 Baths
  • 3,990 sq. ft.
  • Multi-family
  • Pending
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

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 growth.Strategically...

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Home facts

  • Listing ID #:26669797
  • Added:106 day(s) ago
  • Updated:July 11, 2026 at 11:07 AM

Rooms and interior

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

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

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

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
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