2230 El Reno Ln Redding, CA 96001
Country Heights NeighborhoodAbout This Home
Excellent opportunity to acquire a high-performing residential income property featuring 8 detached homes on one parcel. The El Reno Cottages are currently fully occupied and generating over $99,000 in gross annual income, providing a 7.06% CAP rate with strong, consistent cash flow. The property has undergone extensive recent improvements, making it a desirable low-maintenance investment. Updates include newer roofs, updated siding on several units, fresh exterior paint, upgraded interiors, and dual-pane windows. The homes are well maintained and designed for long-term durability while helping keep operating expenses manageable. Each unit offers tenants the privacy and appeal of separate homes rather than traditional apartment units, which has helped support stable occupancy and tenant retention. The property also features low-maintenance landscaping, further reducing ongoing landlord responsibilities. Located in a convenient area with quick access to shopping, schools, parks, and transportation, the property continues to attract steady rental demand. Opportunities to own multiple standalone homes producing strong income on a single parcel are rare, making this a compelling option for investors seeking stable returns and long-term rental demand.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1945
Parking
- Off-Street Parking
Utilities
- Evaporated cooling system
- Window Unit Cooling System
- Heat Pump System
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 108-100-006-000
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,466 | $810,541 | $108,242 | $702,299 |
| 2024 | $8,339 | $795,443 | $106,120 | $689,323 |
| 2023 | $8,339 | $779,868 | $104,040 | $675,828 |
| 2022 | $8,200 | $764,520 | $102,000 | $662,520 |
| 2021 | $4,278 | $385,687 | $82,645 | $303,042 |
| 2020 | $4,333 | $381,733 | $81,798 | $299,935 |
| 2019 | $4,119 | $374,249 | $80,195 | $294,054 |
| 2018 | $4,155 | $366,912 | $78,623 | $288,289 |
| 2017 | $4,133 | $359,719 | $77,082 | $282,637 |
| 2016 | $4,004 | $352,667 | $75,571 | $277,096 |
| 2015 | $4,435 | $391,912 | $83,607 | $308,305 |
| 2014 | -- | $384,236 | $81,970 | $302,266 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/05/2026 03/05/26 | For Sale | $1,050,000 | +40.0% | -- | |
| 02/16/2021 02/16/21 | Sold | $750,000 | -6.1% | -- | View Prior Sale |
| 12/05/2020 12/05/20 | Pending | -- | -- | -- | |
| 09/23/2020 09/23/20 | For Sale | $799,000 | +128.3% | -- | |
| 06/15/2015 06/15/15 | Sold | $350,000 | -6.7% | -- | View Prior Sale |
| 05/23/2015 05/23/15 | Pending | -- | -- | -- | |
| 04/29/2015 04/29/15 | For Sale | $375,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Placer Title | |
| Grant Deed | $750,000 | Placer Title | |
| Interfamily Deed Transfer | -- | Fidelity Natl Title Co Of Ca | |
| Grant Deed | $350,000 | Fidelity National Title Co | |
| Grant Deed | $375,000 | First American Title Company | |
| Grant Deed | -- | -- | |
| Grant Deed | $180,000 | Fidelity National Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $525,000 | New Conventional | |
| Previous Owner | $249,500 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $250,000 | Seller Take Back | |
| Previous Owner | $162,000 | Seller Take Back |
Source: Shasta Association of REALTORS®
MLS Number: 26-854
APN: 108-100-006-000
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