$716,000
SOLD MAY 19, 2025

120 Masonic Ave Redding, CA 96003

-- Bed
-- Bath
780 Sq Ft
1977 Built

Recently Sold

$918 Per Sq Ft

4% Below List Price

149 Days on Market

About This Home

As of May 2025

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. 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

Last Agent to Sell the Property

Chris Haedrich

Capital Rivers Commercial License #01484672 Listed on: 07/09/2024

Capital Rivers Commercial

Last Buyer's Agent

NON MEMBER

Non Member

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Parking

  • Off-Street Parking

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 113410021000

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Directions: Well located apartment complex directly across Lake Blvd from Raley's shopping center. From I-5 take the HWY 299/Lake Blvd exit; head west on Lake Blvd; turn left (south) on Masonic Avenue; on right.
  • Prop. Type: Residential Income
  • Year Built: 1977
  • Subdivision Name: N/A
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Garage/Parking

  • Parking Features: Off Street
  • ParkingOffStreet: Yes

Lot Info

  • Parcel #: 113410021000
  • Lot Dimensions: .19
  • Zoning Description: RED - C-2 - Central Commericial District

Multi Family

  • Number Of Units Total: 5

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2025 05/19/25 Sold $716,000 +0.7% $918 / Sq Ft
12/06/2024 12/06/24 Pending -- -- --
08/05/2024 08/05/24 Price Changed $711,000 -4.7% $912 / Sq Ft
07/09/2024 07/09/24 For Sale $746,000 -- $956 / Sq Ft
Source: Shasta Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Haedrich

    Seller's Agent in 2025

    Chris Haedrich

    Capital Rivers Commercial

    (530) 584-2900

    24 Total Sales

    Chris Haedrich
    Section Image

  • N

    Buyer's Agent in 2025

    NON MEMBER

    Non Member

See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 24-2993

Shasta Association of REALTORS®
California Shasta County Redding 96003

120 Masonic Ave, Redding, CA

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Shasta Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes