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Sold for $716,000 on 05/19/25
  • $716,000

    120 Masonic Ave, Redding, CA 96003

    11beds
    6baths
    --sqft
    Multi Family
    Built in 1977
    -- sqft lot
    $717,900 Zestimate®
    $--/sqft
    $-- Estimated rent

    What's special

    100% occupied 5-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, brand new roof, freshly painted exterior, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,943.00/month ($68,316.00/year), laundry income averaging around $3,000/year, and annual expenses coming in around $27,875/year (including a maintenance reserve), the property provides just over a 6.1% cap rate. Property includes laundry room with laundry income. Unit 5 interior has been fully remodeled and unit 3 is a 2-story 3 bedroom/2.5 bath apartment with indoor laundry. Highlights - 100% occupied 5-plex (with one 3 bedroom/2.5 bath unit) - Below market rents - All HVAC has been replaced throughout with mini-split systems - Unit 5 is fully remodeled - Includes income from onsite laundry - Low maintenance with new roof, new paint, new HVAC, and little landscaping

    Zillow last checked: 7 hours ago

    Listing updated: May 19, 2025 at 12:29pm

    Listed by:

    Chris Haedrich,

    Capital Rivers Commercial

    Bought with:

    NON MEMBER

    Non Member

    Source: SMLS,MLS#: 24-2993MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 6
    Features
    • Has basement: No

    Property

    Parking
    • Parking features: Off Street
    Features
    • Stories: 2
    Lot
    • Size: 8,276 sqft
    • Dimensions: .19
    Details
    • Parcel number: 113410021000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1977

    Community & neighborhood

    Location
    • Region: Redding
    Services availability
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