$914,000
$30K PRICE DROP

140 Masonic Ave Redding, CA 96003

Estimated payment $6,015/month

Total Views 2,103
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled units, below market rents for the long term tenants, new roof, all new HVAC mini-splits, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $6,875.00/month ($82,500/year), additional laundry income averaging around $1,300/year, and annual expenses coming in around $24,745/year (including a maintenance reserve), the property provides just over a 6.45% cap rate. Units 2, 5 & 6 were fully remodeled in 2021. All of the units are 2 bedrooms with 1 bath. Property owners had planned to remodel each unit as there was natural turnover, but only three units have come up since 2021 (units 2, 5 & 6 are fully remodeled). All of the units are 2 bedrooms with 1 bath.

Listing Agent

Chris Haedrich

Capital Rivers Commercial License #01484672

Capital Rivers Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Parking

  • Off-Street Parking

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 113340009000

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Directions: Well located apartment complex directly across Lake Blvd from Raley's shopping center. From I-5 take the HWY 299/Lake Blvd exit; head west on Lake Blvd; turn left (south) on Masonic Avenue; property is on the right.
  • Prop. Type: Residential Income
  • Year Built: 1977
  • Building Stories: 2
  • Subdivision Name: N/A
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Garage/Parking

  • Parking Features: Off Street
  • ParkingOffStreet: Yes

Lot Info

  • Parcel #: 113340009000
  • Lot Dimensions: 0.19
  • Zoning Description: RED - C-2 - Central Commericial District

Multi Family

  • Number Of Units Total: 6

Map

Range of Values:

Collateral Analytics

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ICE

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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 Change Sq Ft Price
03/03/2025 03/03/25 For Sale $914,000 0.0% --
02/28/2025 02/28/25 Off Market $914,000 -- --
08/05/2024 08/05/24 Price Changed $914,000 -3.2% --
07/10/2024 07/10/24 For Sale $944,000 -- --
Source: Shasta Association of REALTORS®

Source: Shasta Association of REALTORS®

MLS Number: 24-3009

Shasta Association of REALTORS®

California Shasta County Redding 96003

140 Masonic Ave, Redding, CA

Homes for Sale in Redding, CA

This home is located at 140 Masonic Ave, Redding, CA 96003 and is currently priced at $914,000. This property was built in 1977. 140 Masonic Ave is a home located in Shasta County with nearby schools including Rocky Point Charter School.

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.

Chris Haedrich
Listing Agent
Chris Haedrich
Section Image
Capital Rivers Commercial
(530) 734-3006