1
Map
$595,000
●
House -
Off Market
716 W Olive
Redlands, CA 92373
2 Beds
1 Bath
925 Ft²
$2,922
Est. Monthly
About This Property
VOILA! Nestled in the heart of highly desirable South
Redlands, this delightful 1940 SINGLE STORY BUNGALOW offers
timeless charm in an unbeatable location. ONLY ONE BLOCK TO THE
OLIVE MARKET AND A FEW BLOCKS TO THE REDLANDS BOWL, SMILEY LIBRARY,
DOWNTOWN RESTAURANTS AND SHOPPING, this home
delivers classic character with everyday convenience. Warm
HARDWOOD FLOORS flow through a light-filled living room and
into a formal dining area ideal for entertaining. The kitchen
features a cozy breakfast nook and connects to a FLEXIBLE BONUS
SPACE-perfect for a pantry, hobby area, or storage-which leads to a
generously sized laundry room with ROOM FOR A DESK OR HOME OFFICE
SETUP. The spacious primary bedroom opens directly to a
covered porch with an outdoor dining space overlooking the LUSH AND
BEAUTIFUL BACK YARD. . This porch has two entrances from the home
and offers a very nice Vibe and place to relax. A second
patio offers additional room to host guests. Enjoy year-round
comfort with central heating and air conditioning, along with a
charming yellow storage shed, a TWO-CAR GARAGE, and an extended
driveway with ample parking. Full of warmth, character, and
location appeal, this South Redlands gem is a rare
opportunity-don't miss your chance to call it home.
(CHECK OUT THE VIDEO).
(CHECK OUT THE VIDEO).
Unit Size
925 Ft²
Days on Market
69 days
Land Size
0.18 acres
Price per sqft
$643
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1940
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 9 months ago (CRMLS #IG25275570)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 20, 2026 | Sold | ||
| Sold | |||
| Jan 27, 2026 | Price Increased |
$595,000
↑ $6K
(1%) | |
| Price Increased | |||
| Jan 27, 2026 | In contract | - | |
| In contract | |||
| Jan 24, 2026 | Price Decreased |
$589,000
↓ $6K
(1%) | |
| Price Decreased | |||
| Dec 12, 2025 | Listed by RE/MAX ADVANTAGE | $595,000 | |
| Listed by RE/MAX ADVANTAGE | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About South Redlands
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Listed by: Marjorie Lewis, RE/MAX ADVANTAGE
Last Updated: 9 months ago
Data Source: CRMLS, MLS# IG25275570
Last Updated: 9 months ago
Data Source: CRMLS, MLS# IG25275570
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