• LinkedIn
Phone858-683-8071
Login or sign up for new accountLogin / Register
Email MeEmail Me
  • Search Listings
    • Residential
    • Lease
  • My Listings
  • Previous Sales
  •   Local
    • Miramar
    • Miramar Ranch North
    • Escondido
    • Tierrasanta
    • Torrey Highlands
    • Sabre Springs
    • Scripps Ranch
    • Rancho Bernardo
    • Poway
    • Mira Mesa
    • Carmel Valley
    • Carmel Mountain Ranch
  •   Buyers
    • Renting vs. buying
    • How much can I afford?
    • Why work with a real estate agent
    • Finding your home
    • What do you want in a home?
    • Submitting an offer
    • After the offer is accepted
    • Moving
  •     Sellers
    • Why work with a real estate agent
    • Getting your home ready for sale
    • Pricing your home to sell
    • Negotiating the sale
    • Transaction management
    • Moving
  •     Services
    • Onepoint
    • Home Financing
    • Insurance
    • Escrow
    • Title
    • Home Warranty
    • PRESALE/STAGING
    • Relocation
  •     About
    • Leadership Team
    • About Us
    • Globally Respected
    • The Charitable Foundation
    • Diversity & Inclusion
    • Doyle
    • Agents Only
Menu
Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
Any Price
-
  • 0
  • $100,000+
  • $250,000+
  • $500,000+
  • $750,000+
  • $1,000,000+
0+ Beds
  • 0+
  • 1+
  • 2+
  • 3+
  • 4+
  • 5+
0+ Baths
  • 0+
  • 1+
  • 2+
  • 3+
  • 4+
  • 5+
Property Type
Other
VIRTUAL TOUR
  • Home
  • 32 N San Mateo Street

32 N San Mateo Street, Redlands, CA 92373

$1,350,000 Approx. USD 9 beds, 5 baths
3,990 sqft
Save My Notes
Share
  • Copy Link
  • Facebook
  • Twitter
  • Pinterest
Source MLS Verified
MORE INFO
BrochureBrochure

Photo of Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Text Me
Call My Cell
Call My Office
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
Phone: 858-487-3520
Fax: 858-451-0932
 Rancho Bernardo 16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
Call Branch Office
Fax: 858-451-0932
Mortgage Calculator
GET PRE-APPROVED
Interested in This Property? Your message will be sent to Scott.
By submitting your information, you consent to be contacted by email, SMS message, and/or phone call. You may opt out at any time per our Privacy Policy.
  • Save
  • My Notes

Listing Agent


Tyler Brand | Tyler.brand@expcommercial.com
Lic#: 02214185
Broker: Courtesy of Exp Commercial of California, Inc.
Phone: 661-886-1226

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 26669797
Price: $1,350,000
Beds: 9
Baths: 5
3,990 sqft
0.34 acres
Lot size: 0.3352
County: San Bernardino
Appliances: Dryer,Washer
Parking description: Carport
Heating description: Wall Furnace
MLS area: 268 - Redlands

Last Updated: 5/11/2026

 Days On Market (DOM): 33

 Find more Redlands homes and real estate

 Find more homes in 92373 zip code

This listing belongs to the 268 - Redlands MLS area

Lat/Long: 34.050209, -117.198650.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

92373 Area Map

Demographics

Schools

CLICK TO VIEW MAP

Similar Listings

Next Listing
120 W Olive Avenue VIRTUAL TOUR
120 W Olive Avenue ,
$1,350,000 Approx. USD 2 beds, 2 baths

List Date: 1/13/2025
 Status: Active
 MLS #: OC24245058

My Notes Save
Listing courtesy of
211 E Olive Avenue VIRTUAL TOUR
211 E Olive Avenue ,
$1,550,000 Approx. USD

List Date: 3/3/2026
 Status: Active
 MLS #: 26661985

My Notes Save
Listing courtesy of
1002 Lombard Drive VIRTUAL TOUR
1002 Lombard Drive ,
$1,249,000 Approx. USD

List Date: 5/13/2026
 Status: Pending
 MLS #: IV26104388

My Notes Save
Listing courtesy of
1140 Oxford Drive VIRTUAL TOUR
1140 Oxford Drive ,
$1,200,000 Approx. USD

List Date: 5/21/2026
 Status: Active Under Contract
 MLS #: IG26108990

My Notes Save
Listing courtesy of
12908 South Lane VIRTUAL TOUR
12908 South Lane ,
$1,295,000 Approx. USD

List Date: 4/16/2026
 Status: Active Under Contract
 MLS #: IG26080290

My Notes Save
Listing courtesy of
7771 Mckinley Avenue VIRTUAL TOUR
7771 Mckinley Avenue ,
$1,455,000 Approx. USD

List Date: 6/10/2025
 Status: Active
 MLS #: IG25130434

My Notes Save
Listing courtesy of
221 E Olive Street VIRTUAL TOUR
221 E Olive Street ,
$1,185,000 Approx. USD 4 beds, 3 baths

List Date: 8/16/2024
 Status: Pending
 MLS #: DW24170601

My Notes Save
Listing courtesy of
1137 N Mayfield Avenue VIRTUAL TOUR
1137 N Mayfield Avenue ,
$1,399,000 Approx. USD , 1 baths

List Date: 4/7/2026
 Status: Active
 MLS #: 26675429

My Notes Save
Listing courtesy of
24379 Myers Avenue VIRTUAL TOUR
24379 Myers Avenue ,
$1,475,000 Approx. USD

List Date: 5/6/2026
 Status: Active
 MLS #: IV26098929

My Notes Save
Listing courtesy of
15394 Perris Boulevard VIRTUAL TOUR
15394 Perris Boulevard ,
$1,150,000 Approx. USD

List Date: 5/1/2026
 Status: Active
 MLS #: TR26091205

My Notes Save
Listing courtesy of
Previous Listing
  • Search
    • My Active Listings
    • My Previous Sales
    • Residential
    • Lease
    • Open Houses
    • Commercial
    • New Homes
    • Luxury
  • Buyers
    • Renting vs. buying
    • How much can I afford?
    • Why work with a real estate agent
    • Finding your home
    • What do you want in a home?
    • Submitting an offer
    • After the offer is accepted
    • Moving
  • Sellers
    • Why work with a real estate agent
    • Getting your home ready for sale
    • Pricing your home to sell
    • Negotiating the sale
    • Transaction management
    • Moving
  • Services
    • Prosperity Home Mortgage
    • HomeServices Relocation
    • HomeServices Insurance Agency
    • Pickford Escrow
    • California Title Company
    • American Home Shield
    • PINNACLE
    • myNHD
  • About
    • Leadership Team
    • About Us
    • Globally Respected
    • The Charitable Foundation
    • Diversity & Inclusion
    • Doyle
    • Agents Only

Photo of Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Text Me
Call My Cell
Call My Office
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com
Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
hsoa-logo
  • LinkedIn

© 2026 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.
Lic#: 01317331

Photo of Equal Housing Opportunity Privacy Policy - California Privacy Notice - Terms of Use - Accessibility
Do Not Sell My Personal Information DMCA.com Protection Status