Seller's Agent in 2025
Chris Haedrich
Capital Rivers Commercial
(530) 584-2900
25 Total Sales
120 Masonic Ave Redding, CA 96003
--
Bed
--
Bath
780
Sq Ft
1977
Built
About This Home
As of May 2025100% 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
Capital Rivers Commercial License #01484672 Listed on: 07/09/2024
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
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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
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,094 | $468,393 | $108,242 | $360,151 |
| 2024 | $5,002 | $459,888 | $106,120 | $353,768 |
| 2023 | $5,002 | $451,242 | $104,040 | $347,202 |
| 2022 | $4,871 | $442,560 | $102,000 | $340,560 |
| 2021 | $3,807 | $341,748 | $134,713 | $207,035 |
| 2020 | $3,790 | $338,245 | $133,332 | $204,913 |
| 2019 | $3,675 | $331,614 | $130,718 | $200,896 |
| 2018 | $3,675 | $325,112 | $128,155 | $196,957 |
| 2017 | $3,067 | $269,832 | $133,639 | $136,193 |
| 2016 | $2,935 | $264,542 | $131,019 | $133,523 |
| 2015 | $2,890 | $260,569 | $129,051 | $131,518 |
| 2014 | $2,910 | $255,466 | $126,524 | $128,942 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Haedrich
-
N
Buyer's Agent in 2025
NON MEMBER
Non Member
Map
Source: Shasta Association of REALTORS®
MLS Number: 24-2993
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