1553 Riverside Dr Redding, CA 96001
Downtown Redding NeighborhoodEstimated payment $6,142/month
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 |
|---|---|---|---|---|
| 2026 | $7,813 | $755,445 | $167,325 | $588,120 |
| 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
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.
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.
- 1465 Riverside Dr
- 1071 Center St
- 1818 11th St
- 954 West St
- 830 West St
- 1152 Willis St
- 1162 Willis St
- 816 West St
- 1129 Magnolia Ave
- 11578 Market St
- 1114 Orange Ave
- 704 Loma St
- 664 Loma St
- 0 California St Unit 25-5331
- 1896 Del Mar Ave
- 1666 Willis St
- 1527 Orange Ave
- 1823 Pine St
- 2145 Placer St
- 2570 Harlan Dr
- 1216 Trinity St
- 1216 Trinity St
- 875 Lakeview Dr
- 1018 West St
- 1934 Tenth St
- 1041 Liberty St
- 1300 West St
- 1365 Chestnut St
- 1141 Magnolia Ave
- 1563 Willis St
- 2352 Shasta St
- 2352 Shasta St
- 686 Coronado St
- 2350 Butte St
- 2556 Old Eureka Way
- 604 Loma St
- 2391 Placer St
- 2391 Placer St
- 2166 Garden Ave
- 2025 Sonoma St
Ask me questions while you tour the home.