$440,000
$10K PRICE DROP

1535 E Cypress Ave Redding, CA 96002

Reservoir Neighborhood

Estimated payment $2,743/month

Total Views 2,844
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Evaporated cooling system
  • Enterprise High School Rated A-
  • Wood Siding

About This Home

Homes with Expansion Potential

This unique residential income property presents a fantastic opportunity for investors! Situated in a prime location near shopping, transportation, and essential amenities, this offering includes three separate homes and a spacious lot that may allow for future expansion.

The main home features three bedrooms, 1.5 baths, a fenced yard, a carport, and additional storage, making it an ideal rental or owner-occupied residence. The two additional homes each offer two bedrooms and one bath, providing comfortable living spaces for tenants.

All three homes were updated four years ago, flooring, and fresh paint, ensuring a modern and well-maintained living environment for tenants.

With multiple rental units already in place and the potential for further development, this property is a rare find in today's market. Don't miss this chance to own a versatile investment with excellent income potential!

Listing Agent

Kimberly Pedersen

Coldwell Banker Select Real Estate - Redding License #01341111 Listed on: 08/07/2025

Coldwell Banker Select Real Estate - Redding

Property Details

Home Type

  • Multi-Family

Home Design

  • Wood Siding

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 067-460-003-000

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Directions: South side of Cypress between Oxford & Heather Lane.
  • Prop. Type: Residential Income
  • Ownership: Seller
  • Subdivision Name: N/A
  • Carport Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: Assigned, Off Street
  • ParkingOffStreet: Yes
  • Parking:Carport: Yes
  • Parking:Assigned: Yes

Utilities

  • Cooling: Evaporative
  • Cooling Y N: Yes
  • Heating:Baseboard2: Yes

Lot Info

  • Parcel #: 067-460-003-000
  • Additional Parcels Description: 067-480-002-000
  • Zoning Description: NOT AVAILABLE

Rental Info

  • Owner Pays: Electric, Insurance, Sewer, Water, Garbage, Bldg/Grnds Mnt, Management

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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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 Prior Sale
09/20/2025 09/20/25 Price Changed $440,000 -2.2% --
08/07/2025 08/07/25 For Sale $450,000 -14.3% --
12/30/2021 12/30/21 Sold $525,000 -4.4% $390 / Sq Ft View Prior Sale
12/14/2021 12/14/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $549,000 +175.9% $408 / Sq Ft
05/27/2020 05/27/20 Sold $199,000 -0.5% $148 / Sq Ft View Prior Sale
03/28/2020 03/28/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $199,900 -- $149 / Sq Ft
Source: Shasta Association of REALTORS®

Source: Shasta Association of REALTORS®

MLS Number: 25-3614

Shasta Association of REALTORS®

APN: 067-480-03

California Shasta County Redding 96002 Reservoir

1535 E Cypress Ave, Redding, CA

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.

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Kimberly Pedersen
Listing Agent
Kimberly Pedersen
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Coldwell Banker Select Real Estate - Redding
(530) 803-4768