30 N Ash St

Redlands, CA 92373

$4,200,000
Last Sold Price
10
Beds
32
Baths
17,205 Sq. Ft.
$244 / Sq. Ft.
17,205
Sq. Ft.
$244
per Sq. Ft.
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Closed 6/27/24
Closed 6/27/24
a front view of a house with garden

Description

We proudly present The Orleans Apartments in a desirable pocket of the City of Redlands. Redlands is a highly desirable city with very little multifamily sales. The Orleans Apartments is a garden-style two-story walk-up style complex built in 1964 with charming curb appeal. This 19 + 1 non-conforming unit property has an attractive unit mix of one 3-bed 2-bath unit, five 2-bed 2-bath units, six 2-bed 1.5-bath townhouses, two 2-bed 1-bath units, five 1-bed 1-bath units, and a non-conforming but large...We proudly present The Orleans Apartments in a desirable pocket of the City of Redlands. Redlands is a highly desirable city with very little multifamily sales. The Orleans Apartments is a garden-style two-story walk-up style complex built in 1964 with charming curb appeal. This 19 + 1 non-conforming unit property has an attractive unit mix of one 3-bed 2-bath unit, five 2-bed 2-bath units, six 2-bed 1.5-bath townhouses, two 2-bed 1-bath units, five 1-bed 1-bath units, and a non-conforming but large studio unit. A sparkling swimming pool sits in the center of the courtyard to cool the tenants off in the summer heat, and a large on-site laundry room with wash tubs and storage lockers for tenant detergents and other items. There is ample parking with twenty covered carports with tenant storage lockers and additional street parking. There have been some recent exterior renovations including: a new pitched shingle roof in 2024, new HVAC units on the roof in 2024, and new exterior paint in 2023. There have also been some recent interior renovations. Seven of the twenty units have been very lightly renovated with some new vinyl flooring, new lighting, paint, and new bathroom vanities. Also, nine bathroom tubs have been significantly renovated. The building electrical wiring is copper. Overall, a buyer has a value-add opportunity in rent growth through new renovations. The property is located in a highly sought after pocket of Redlands. There are extremely few multifamily opportunities that come up in this area. The building is approximately 1 mile from Downtown Redlands and Redlands Metrolink Station. Also within 1 mile are McKinley Elementary, Redlands Adventist Academy, Arrowhead Christian Academy, Orangewood High School, Redlands Fire Department, Redlands Urgent Care, Redlands Packing House District, Downtown Redlands, and Sprouts Farmers Market. Within 2 miles are Cope Middle School, Smiley Elementary School, Trader Joe’s, CA-10 Freeway, Heritage Park, Redlands High School, Tri City Shopping Center, Redlands Hospital, Albertsons, and the University of Redlands.
  1. Listed by Mark Bridge • DRE #01316702 • Brokerage DRE #01316702 • Mark Bridge, Broker • Mark.Bridge@cushwake.com

Property Details for 30 North Ash Street

Parking Spaces Total
22
Private Pool
No
Cooling Type
Central Air
Total Units
20.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
17205
Assessor Parcel Number
0171-423-03-0000
LISTING CLOSED: 06/27/2024 12:00 AM

Property Details for 30 North Ash Street

StatusClosed
MLS #OC24082888
Days on Market32
Pet Policy-
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1964
CountySan Bernardino County
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Location

Listing Courtesy of Mark Bridge, Broker, Mark Bridge, DRE #01316702

Sold By The New City Realty, Samuel Mikhail, DRE #01712561

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Building Information for 30 North Ash Street

Building/Complex30 N Ash StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1964Building Size-

Payment Calculator

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$25,383 per month

30 year fixed, 6.36% Interest

Principal and Interest

$20,929

Property Taxes

$4,454

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 30 North Ash Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $405,060
  • Gross Scheduled Income: $405,060
  • Gross Spendable Income: $215,739
  • Vacancy Allowance: 12152
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $395,908
  • Net Operating Income: $215,739
  • Laundry Income: $3,000
  • Gross Multiplier: 11.11
  • Cap Rate: 4.79
  • Financing: Assumed
Expense Details
  • Operating Expense: $180,169
  • Operating Expense Percent: 45.50%
  • New Taxes Expense: $54,000
  • Gardener Expense: $5,040
  • Fuel Expense: $8,486
  • Pest Control Expense: $1,200
  • Pool Expense: $5,400
  • Electric Expense: $4,928
  • Insurance Expense: $10,000
  • Maintenance Expense: $10,000
  • Professional Management Expense: $36,152
  • Other Expense: $5,000
  • Other Expense Description: Reserves
  • Trash Expense: $9,000
  • Water Sewer Expense: $30,963
  • Total Expenses: $180,169
Tax / Assessment Info
  • Tax Tract Number: 6284
  • Tax Census Tract: 81.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 9
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Disposal
  • Equipment: Community
  • Laundry: Yes
  • Laundry Features: Community
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring Type: Carpet, Tile, Vinyl
  • Flooring: Carpet, Tile, Vinyl
Exterior Features
  • Roof: Composition, Shingle
  • Entry Location: First
  • Pool Features: Community, Fenced, In Ground
  • Pool Description: Fenced, In Ground
  • Pool: Below Ground, Community/Common
  • Pool Heat: Below Ground, Community/Common
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 20
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 0
  • Carport Spaces: 20
  • Parking Features: Assigned, Attached Carport
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,390
  • Unit Type Total Rent: $1,390
  • Unit Type Pro Forma: 1495
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,358
  • Unit Type Total Rent: $6,792
  • Unit Type Pro Forma: 8975
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,718
  • Unit Type Total Rent: $3,435
  • Unit Type Pro Forma: 4190
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,809
  • Unit Type Total Rent: $10,853
  • Unit Type Pro Forma: 13170
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,818
  • Unit Type Total Rent: $9,090
  • Unit Type Pro Forma: 10975
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,195
  • Unit Type Total Rent: $2,195
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 20
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1
  • Number With Range: 20
  • Number With Disposal: 20

Property History for 30 North Ash Street

DateEvent & SourcePriceAppreciation
Jun 27, 2024

Sold

SDMLS #OC24082888

$4,200,000—
Jun 27, 2024

Sold

CLAW #OC24082888MR

$4,200,000—
Jun 27, 2024

Sold

CRMLS #OC24082888

$4,200,000—
DateEvent & SourcePrice
06/27/2024

Sold

SDMLS #OC24082888

$4,200,000
06/27/2024

Sold

CLAW #OC24082888MR

$4,200,000
06/27/2024

Sold

CRMLS #OC24082888

$4,200,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 30 North Ash Street

Taxable ValueLand$561,000Additions$3,723,000Total$4,284,000
Tax Record2025$53,450 ($4,454 / month)
Home Facts
Total Finished SqFt17,205 SqFtAbove Grade Finished SqFt17,205 SqFtLot Size22,260 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountySAN BERNARDINOAPN0171-423-03-0000

Schools near 30 North Ash Street

This home is within Redlands Unified School District.
Rating
School
Type
Grades
Distance
McKinley Elementary School
Public - K to 5
Cope Middle School
Public - 6 to 8
Redlands Senior High School
Public - 9 to 12
The Grove School
Charter - 7 to 12
Rating
School
Distance
McKinley Elementary School
PublicK to 5

Cope Middle School
Public6 to 8

Redlands Senior High School
Public9 to 12

The Grove School
Charter7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mark Bridge, Broker, Mark Bridge, DRE #01316702

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.