32 N San Mateo St, Redlands, CA 92373
32 N San Mateo St, Redlands, CA 92373
32 N San Mateo St, Redlands, CA 92373
13
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$1,350,000
Est. payment /mo
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9 Beds
5 Baths
3,990 SqFt
Active

32 N San Mateo St Redlands, CA 92373

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Todd Kingsley

Todd Kingsley

+1(310) 710-8633

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,990 sqft

Price per Sqft $338

MLS Listing ID 26669797

Bedrooms 9

Lot Size 0.335 Acres

Acres 0.3352

Property Sub-Type Multi-Family

Property Description

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 located near Interstate 10 and 215 freeways, the property benefits from strong connectivity to major Inland Empire employment hubs. It is minutes from Ontario International Airport, University of Redlands, and Loma Linda University Medical Centerkey demand drivers for workforce housing.With strong submarket fundamentals, low vacancy, and continued population growth, 32 N San Mateo Street presents investors with a compelling opportunity to acquire a well-located asset with both in-place cash flow and meaningful upside potential.

Location

State CA

County San Bernardino

Area Redlands

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Dryer, Washer

Exterior

Parking Features Carport

Garage Spaces 5.0

Pool Fenced

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Exp Commercial of California, Inc.

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Todd Kingsley

Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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