1553 Riverside Dr Redding, CA 96001
Downtown Redding NeighborhoodEstimated payment $6,052/month
Highlights
- Window Unit Cooling System
- Shasta High School Rated A
- Wood Siding
About This Home
Incredible multi-family investment opportunity in the heart of Redding! Located directly across from the scenic Sacramento River, 1553 Riverside Drive is an 8-unit multi-family community boasting an exceptional rental history and an unbeatable location. Tenants enjoy effortless access to the Sacramento River Trail system, Caldwell Park, and the vibrant, revitalized Downtown Redding district for shopping and dining. The property features a highly rentable mix of units, on-site laundry facilities, and off-street parking. With strong historical occupancy, low maintenance demands, and clear upside potential in a high-demand rental market, this asset is a powerhouse addition to any real estate portfolio. Do not miss this rare chance to own a prominent multi-family community in a premier location!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Home Design
- Wood Siding
Utilities
- Window Unit Cooling System
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 101-510-017-000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,813 | $741,189 | $164,045 | $577,144 |
| 2024 | $7,599 | $727,800 | $160,829 | $566,971 |
| 2023 | $7,599 | $714,374 | $157,676 | $556,698 |
| 2022 | $7,472 | $700,345 | $154,585 | $545,760 |
| 2021 | $7,383 | $681,546 | $151,554 | $529,992 |
| 2020 | $7,484 | $674,690 | $150,000 | $524,690 |
| 2019 | $3,010 | $274,467 | $54,023 | $220,444 |
| 2018 | $3,036 | $269,086 | $52,964 | $216,122 |
| 2017 | $3,020 | $263,811 | $51,926 | $211,885 |
| 2016 | $2,926 | $258,639 | $50,908 | $207,731 |
| 2015 | $2,889 | $254,755 | $50,144 | $204,611 |
| 2014 | $2,870 | $249,765 | $49,162 | $200,603 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/17/2026 06/17/26 | For Sale | $1,000,000 | +48.1% | -- | |
| 01/03/2020 01/03/20 | Sold | $675,000 | 0.0% | -- | View Prior Sale |
| 01/03/2020 01/03/20 | Pending | -- | -- | -- | |
| 01/03/2020 01/03/20 | For Sale | $675,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $675,000 | Fidelity Natl Ttl Co Of Ca | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $200,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $226,000 | Commercial | |
| Previous Owner | $165,000 | Commercial | |
| Previous Owner | $130,000 | Commercial |
Source: Shasta Association of REALTORS®
MLS Number: 26-2927
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