Redding CA Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Baths:
MLS#:
24-4656
Subdivision:
N/a

ADDITIONAL INFORMATION

Discover an exceptional investment opportunity with this well-maintained 11-unit complex, complete with single-car attached garages for tenant convenience. Centrally located, it's just minutes from shopping, dining, and entertainment—making it an ideal rental property with high tenant demand. Currently generating an annual gross scheduled income of $139,860, the property offers further income potential with fair market rents projected to raise annual income to an estimated $171,600. With a strong rental history, low vacancy rates, and excellent prospects for long-term appreciation in a thriving area, this property is a solid addition to any portfolio. Opportunities like this are rare, so act fast to secure steady cash flow and growth potential!

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2002
Baths:
MLS#:
24-4547
Subdivision:
N/a

ADDITIONAL INFORMATION

Rare Duplex with true craftsmanship build. Existing tenants. Two 1,478 s/f units as a 3 Bed / 2.5 Bath units. Large master suite, open kitchen/dinning, individual fenced backyards. Cul-de-sac location. One of a kind investment property.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1986
Baths:
MLS#:
24-4546
Subdivision:
N/a

ADDITIONAL INFORMATION

Two story 6-plex in popular location across from Home Depot. 6 spacious, all-electric 1,060 sf 2 bedroom, 2 bath units and one separate coin-op laundry room servicing the 6-plex. All units are now month to month tenancies.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1994
Baths:
MLS#:
24-4135
Subdivision:
N/a

ADDITIONAL INFORMATION

Sought-after Stillwater Heights duplex offering private backyards for each unit. 2 bedrooms and a full 2 baths are included along with a single car garage. Located just minutes from Hwy 44 in a cool neighborhood with a great park. Hone up on your basketball skills or ''be-a-kid again'' on the playground. Location is everything -- minutes away from the airport, not too far out yet supplied by city amenities & natural gas too! Water is supplied by Bella Vista Water District. Has Landscape and Pest Service. Long-term tenants.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2016
Baths:
MLS#:
24-3995
Subdivision:
N/a

ADDITIONAL INFORMATION

A premier multifamily investment opportunity in the heart of Redding. This meticulously maintained duplex, built in 2016, consists of two upscale residential townhouse style units, making it an ideal choice for investors seeking a low-risk, high-return addition to their portfolio. Currently fully occupied, the property guarantees a steady income stream, enhanced by its strategic location close to the thriving retail area of Redding. The duplex is located within a well-planned development, featuring 13 townhouse style two-story duplexes with attached two car garages. Each unit offers 3 bedrooms, 2.5 bathrooms, and a modern, open layout. Residents enjoy upscale interior improvements, including granite vanity tops, quartz kitchen counters, and stainless steel appliances, all within a peaceful, tree-lined neighborhood. With convenient access to city utilities, abundant guest parking, and close proximity to Redding's retail shopping area, 1838 Browning Street stands out as a smart, solid investment in a growing multifamily market.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1978
Baths:
MLS#:
24-3971
Subdivision:
N/a

ADDITIONAL INFORMATION

Well maintained 7 unit apartment complex with all units providing 2 bedroom and 2 full bathrooms. Each unit has been updated and has central HVAC. Gross annual rents $93,240.00

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2006
Baths:
MLS#:
24-3854
Subdivision:
N/a

ADDITIONAL INFORMATION

This exceptional upscale duplex on a quiet cul-de-sac is ideal for traditional rental clients or corporate housing. Rare multi-family rental with spacious 3 bedroom, 2 bath units and 2 car garages for each unit. Split floorplans offer an ultra-private master suite. Oversized master bathroom features dual vanities, corner soaking tub, and a shower. Large living rooms with sliders opening to huge covered patio for year round shade with fenced backyards as well. These high-end rentals with low tenant turnover would make a great addition to any real estate portfolio.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Baths:
MLS#:
24-3016
Subdivision:
N/a

ADDITIONAL INFORMATION

100% occupied 23-unit apartment complex for sale in northern Redding, CA on 4 separate adjacent parcels with long term tenants, below market rents, all new HVAC mini-splits, 3 of 4 buildings have new roofs, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. There are 6 x 1 Bed/1 Bath units, 16 x 2 Bed/1 Bath units, 1 x 3 Bed/2.5 Bath unit, and 7 of the 23 units have been remodeled in the past year. Current gross monthly rents are at $24,195.00/month ($290,340.00/year) with additional laundry income adding approximately $4,300/year, and annual expenses coming in around $95,730/year (including a maintenance reserve), the property provides just under a 6.3% cap rate with existing income & expenses. Bringing the rents to market increases the proforma cap rate to 7.0%. And with Bethel School/Church just 1.8 miles to the east and a new sidewalk & bike path under construction, the property is literally within walking distance to Bethel, Simpson University, and Shasta College, providing a constant supply of quality tenants and high apartment demand.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1977
Baths:
MLS#:
24-3009
Subdivision:
N/a

ADDITIONAL INFORMATION

100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled units, below market rents for the long term tenants, new roof, all new HVAC mini-splits, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $6,820.00/month ($81,840/year), additional laundry income averaging around $1,300/year, and annual expenses coming in around $23,500/year (including a maintenance reserve), the property provides just over a 6.5% cap rate. And with Bethel School/Church just 1.8 miles to the east and a new sidewalk & bike path under construction, the property is literally within walking distance to Bethel, Simpson University, and Shasta College, providing a constant supply of quality tenants and high apartment demand. Property owners had planned to remodel each unit as there was natural turnover, but only three units have come up since 2021 (units 2, 5 & 6 are fully remodeled). All of the units are 2 bedrooms with 1 bath.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1977
Baths:
MLS#:
24-2994
Subdivision:
N/a

ADDITIONAL INFORMATION

100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled units, below market rents for the long term tenants, all new HVAC mini-splits, new roof, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $6,461.00/month ($77,532/year) and annual expenses coming in around $23,000/year (including a maintenance reserve), the property provides just over a 6.35% cap rate. And with Bethel School/Church just 1.8 miles to the east and a new sidewalk & bike path under construction, the property is literally within walking distance to Bethel, Simpson University, and Shasta College, providing a constant supply of quality tenants and high apartment demand. Property owners had planned to remodel each unit as there was natural turnover, but only three units have come up since 2021 (units 7 & 8 are fully remodeled). All of the units are 2 bedrooms with 1 bath.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1977
Baths:
MLS#:
24-2993
Subdivision:
N/a

ADDITIONAL INFORMATION

100% occupied 5-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, brand new roof, freshly painted exterior, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,943.00/month ($68,316.00/year), laundry income averaging around $3,000/year, and annual expenses coming in around $27,875/year (including a maintenance reserve), the property provides just over a 6.1% cap rate. And with Bethel School/Church just 1.8 miles to the east and a new sidewalk & bike path under construction, the property is literally within walking distance to Bethel, Simpson University, and Shasta College, providing a constant supply of quality tenants and high apartment demand. Property includes laundry room with laundry income. Unit 5 interior has been fully remodeled and unit 3 is a 2-story 3 bedroom/2.5 bath apartment with indoor laundry. Highlights - 100% occupied 5-plex (with one 3 bedroom/2.5 bath unit) - Below market rents - All HVAC has been replaced throughout with mini-split systems - Unit 5 is fully remodeled - Includes income from onsite laundry - Low maintenance with new roof, new paint, new HVAC, and little landscaping

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1978
Baths:
MLS#:
24-2990
Subdivision:
N/a

ADDITIONAL INFORMATION

All units are 1 bed 1 bath. 100% occupied 6-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,221.00/month ($62,652/year) and annual expenses coming in around $21,280/year (including a maintenance reserve), the property provides just over a 6.0% cap rate. And with Bethel School/Church just 1.8 miles to the east and a new sidewalk & bike path under construction, the property is literally within walking distance to Bethel, Simpson University, and Shasta College, providing a constant supply of quality tenants and high apartment demand. Property owners had planned to remodel each unit as there was natural turnover, but only one unit has come up since 2021 (unit 1 is fully remodeled). Highlights - 100% occupied 6-plex - Below market rents, only one unit turned over since 2021 - All HVAC has been replaced throughout with mini-split systems - Unit 1 is fully remodeled

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Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361


Based on information from the Shasta Association of REALTORS® (alternatively, from the Shasta MLS) through {{last updated}}. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



Redding Real Estate

The median home value in Redding, CA is $372,200. This is higher than the county median home value of $339,100. The national median home value is $338,100. The average price of homes sold in Redding, CA is $372,200. Approximately 50.57% of Redding homes are owned, compared to 42.2% rented, while 7.23% are vacant. Redding real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Redding real estate agent to arrange a tour today!

Redding, California 96003 has a population of 93,251. Redding 96003 is more family-centric than the surrounding county with 26.11% of the households containing married families with children. The county average for households married with children is 25.72%.

The median household income in Redding, California 96003 is $60,624. The median household income for the surrounding county is $61,937 compared to the national median of $69,021. The median age of people living in Redding 96003 is 38.6 years.

Redding Weather

The average high temperature in July is 96.9 degrees, with an average low temperature in January of 37.8 degrees. The average rainfall is approximately 37.9 inches per year, with 1.3 inches of snow per year.

Redding Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    277
    30-day change

Redding Schools and Demographics

Education near Redding, CA

Metric City County
High School Graduates 91.77 91.07
College Degree - 2 year 11.6 11.72
College Degree - 4 year 25.64 22.58
Graduate Degree 5.98 5.01
Expenditures per Student 14,940 14,940
Students per Teacher 20.7 20.7

Elementary Schools near Redding, CA

School Grades Students P/T Ratio ZIP
Bella Vista Elementary School KG - 08 355 20.9 96008
Boulder Creek Elementary School KG - 08 948 24.9 96003
Buckeye School of the Arts KG - 08 656 23 96003
Chrysalis Charter School KG - 08 185 17.8 96073
Columbia Elementary School KG - 04 446 21.2 96003
Grand Oaks Elementary School KG - 05 255 19.9 96019
Junction Elementary School KG - 08 246 20.5 96073
North Cow Creek Elementary School KG - 08 225 25 96073
North Woods Discovery School KG - 08 187 23.4 96003
Oak Run Elementary School KG - 08 33 16.5 96069
Rocky Point Charter School KG - 08 179 19.9 96003
Shasta Lake School KG - 08 684 20.8 96019
Turtle Bay School KG - 08 824 27.3 96003

Middle Schools near Redding, CA

School Grades Students P/T Ratio ZIP
Mountain View Middle School 05 - 08 374 21.8 96003

High Schools near Redding, CA

School Grades Students P/T Ratio ZIP
Central Valley High School 09 - 12 722 21.4 96019
Foothill High School 09 - 12 1,291 24.4 96073

Ungraded Schools near Redding, CA

School Grades Students P/T Ratio ZIP
* Foothill Plus School 10 - 12 43 21.5 96073
* Mountain Lakes High School 10 - 12 56 11.6 96019
* Oasis Community School 07 - 12 65 13 96003
* Phoenix Program School 07 - 12 9 7 96003
* Shasta Independent Learning Center 07 - 12 34 17 96003
Gateway Educational Options School KG - 12 58 17.1 96003
Great Partnership Special Education Consortium School KG - 08 64 10.7 96003
Shasta County Special Education School KG - 12 45 9 96003

Demographics near Redding, CA 96003

Metric Zip Code City
Neighborhood Type Suburban
Population 93,251 181,935
Population Density 1,563 48
Median Age 38.6 41.5
People per Household 2.5 2.5
Median Household Income 60,624 61,937
Average Income per Capita 33,278 33,507