Are you looking for a fully renovated investment property? Look no further! This 4 PLEX features two buildings both with new roofs, new gutters, most all the windows have been replaced, completely new kitchens & bathrooms with upgraded cabinets, granite countertops, & new appliances. All new electrical wiring & panels have been installed, along with all new plumbing. All the HVAC systems are new along with all new ducting. The interiors feature new LVP flooring throughout, except for new carpet on the stairs. Each unit has indoor private laundry, PLUS all have new sheetrock, new doors & fresh new paint inside & out. With a Gross annual income over $59,000 & CAP Rate at 6.57% This is an excellent investment opportunity for anyone looking for a TURN-KEY investment!
Sold for $660,000 on 06/26/23
$660,000
1903 Grace Ave, Redding, CA 96001
--beds
--baths
--sqft
Multi Family
Built in 1948
-- sqft lot
$666,800 Zestimate®
$--/sqft
$1,574 Estimated rent
Home value
$666,800
$620,000 - $713,000
$1,574/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 30, 2025 at 02:46pm
Listed by:
Nick Kerley,
Realty 110, Inc.
Bought with:
Taylor A Carter, DRE #02105535
Shasta Sotheby's International Realty
Source: SMLS,MLS#: 23-1455
Facts & features
Interior
Cooling
- Has cooling: Yes
Features
- Has basement: No
Property
Parking
- Parking features: Assigned, Off Street
Features
- Stories: 1
Lot
- Size: 7,861 sqft
- Dimensions: 7,861
Details
- Parcel number: 105620041000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
Condition
- Year built: 1948
Community & neighborhood
Location
- Region: Redding
Other
Other facts
- Listing terms: 1031 Exchange,Cash
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2023 | Sold | $660,000-1.3% |
Source:  SMLS #23-1455 | ||
| 5/17/2023 | Price change | $669,000-4.3% |
Source: SMLS #23-1455 | ||
| 4/24/2023 | Listed for sale | $699,000+185.3% |
Source: SMLS #23-1455 | ||
| 2/11/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium | ||
| 1/6/2022 | Listed for rent | $1,395+5.3% |
Source: Zillow Rental Network Premium | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,226 +1.4% | $686,664 +2% |
| 2024 | $7,124 +30.9% | $673,200 +32.1% |
| 2023 | $5,442 +1.7% | $509,796 +2% |
Find assessor info on the county website
Neighborhood: 96001
Nearby schools
GreatSchools rating
- 3/10Cypress Elementary SchoolGrades: K-5Distance: 0.9 mi
- 5/10Sequoia Middle SchoolGrades: 4-8Distance: 0.9 mi
- 9/10Shasta High SchoolGrades: 9-12Distance: 1 mi
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