32 N San Mateo Street
Redlands, CA 92373
9
Bed
0
Bath
3,990Sqft
14,600Sqft(Lot)
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 Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 9Bathroom Information
Total Baths: 5 Full Baths: 0 Half Baths: 0 -
Interior Features
Property Appliances: Dryer,Washer -
Heating Source
Wall Furnace Has Heating
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Building Information
Building Area Total: 3,990 -
Pool Features
Fenced
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3352 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 14600
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Listing Price Information
Original List Price: 1,350,000 Listing Contract Date: 2026-03-26 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 0171402400000
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Garage and Parking
Garage Description: CarportHomeowners Association
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Other Property Info
Source Listing Status: Pending Source Neighborhood: 268 - Redlands Directions: Brookside ave and Tennessee st cross streets Source Property Type: Residential Income Area: 268 - Redlands -
Building and Construction
Year Built Source: Vendor Enhanced Total Square Feet Living: 3990 Levels or Stories: Multi/Split
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 31460 Knoll, Redlands, CA, 92373 | $565,000 | 3 | 2 | 2,309 | 2,309 SqFt |
| 31397 Mesa Drive, Redlands, CA, 92373 | $799,000 | 4 | 3 | 2,138 | 2,138 SqFt |
| 12908 South Lane, Redlands, CA, 92373 | $1,295,000 | 5 | 3 | 3,227 | 3,227 SqFt |
| 12908 South Lane, Redlands, CA, 92373 | $1,295,000 | -- | -- | 3,227 | 3,227 SqFt |
| 31027 E Sunset Drive, Redlands, CA, 92373 | $1,449,900 | 6 | 3 | 4,227 | 4,227 SqFt |
| 12669 Valley View Lane, Redlands, CA, 92373 | $1,695,000 | 4 | 3 | 3,291 | 3,291 SqFt |
| 31050 Bedford, Redlands, CA, 92373 | $1,047,000 | 4 | 2 | 2,120 | 2,120 SqFt |
| 30993 Palo Alto Drive, Redlands, CA, 92373 | $849,000 | 4 | 2 | 1,894 | 1,894 SqFt |
| 30825 Palo Alto Drive, Redlands, CA, 92373 | $829,999 | 3 | 2 | 1,766 | 1,766 SqFt |
| 12698 La Solana Drive, Redlands, CA, 92373 | $1,299,000 | 5 | 4 | 3,800 | 3,800 SqFt |
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ByOwner last updated this listing 06/15/2026 @ 14:24
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