2980 Stingy Ln Anderson, CA 96007
Riverside Avenue NeighborhoodEstimated payment $6,890/month
About This Home
High-Cash-Flow 9-Unit Apartment Complex in Anderson, CA - 8.05%+ CAP Rate! This well-maintained 9-unit multifamily property in Anderson, CA, is a prime investment opportunity with an annual gross income of over $113,000 and a CAP rate exceeding 8%. The complex consists of eight 2-bedroom, 1-bath units, each featuring indoor laundry and private backyards, plus a spacious 3-bedroom, 1-bath unit. With plenty of room for upside potential on rents, this property offers an excellent opportunity for investors seeking strong cash flow and long-term appreciation. Conveniently located near local amenities and freeway access, this is a low-maintenance, high-performing asset that won't last long.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,000
Year Built
- Built in 1964
Parking
- Carport
- Off-Street Parking
Listing and Financial Details
- Assessor Parcel Number 201-510-025-000
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 |
|---|---|---|---|---|
| 2024 | $9,000 | $825,000 | $125,000 | $700,000 |
| 2023 | $9,000 | $529,087 | $102,402 | $426,685 |
| 2022 | $8,745 | $518,714 | $100,395 | $418,319 |
| 2021 | $8,676 | $508,544 | $98,427 | $410,117 |
| 2020 | $8,649 | $503,330 | $97,418 | $405,912 |
| 2019 | $8,271 | $493,461 | $95,508 | $397,953 |
| 2018 | $8,300 | $483,786 | $93,636 | $390,150 |
| 2017 | $8,562 | $474,300 | $91,800 | $382,500 |
| 2016 | $8,716 | $465,000 | $90,000 | $375,000 |
| 2015 | $9,249 | $425,000 | $90,000 | $335,000 |
| 2014 | $8,440 | $400,000 | $85,000 | $315,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/09/2025 04/09/25 | Price Changed | $1,100,000 | -4.3% | -- |
| 02/17/2025 02/17/25 | For Sale | $1,150,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Grant Deed | $465,000 | Placer Title Company | |
| Grant Deed | $460,000 | Fidelity Natl Title Co Of Ca | |
| Trustee Deed | $253,053 | First American Title Co | |
| Grant Deed | $485,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $282,000 | Fidelity National Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $313,000 | Commercial | |
| Previous Owner | $391,000 | Seller Take Back | |
| Previous Owner | $325,000 | Commercial | |
| Previous Owner | $300,000 | Commercial | |
| Previous Owner | $237,000 | Seller Take Back | |
| Closed | $10,000 | No Value Available |
Source: Shasta Association of REALTORS®
MLS Number: 25-634
APN: 201-510-025-000
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