Sold for $500,000 on 05/10/24
$500,000
611 Parsons Dr, Redding, CA 96002
--beds
--baths
3,072sqft
Quadruplex, Residential Income
Built in 1959
-- sqft lot
$587,200 Zestimate®
$163/sqft
$1,193 Estimated rent
Home value
$587,200
$505,000 - $687,000
$1,193/mo
Zestimate® history
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What's special
An exceptional investment opportunity awaits with this multi-family residential property, boasting a standalone structure that ensures a positive cash flow. Situated in a prime location, the property offers convenience and accessibility, making it an attractive option for potential renters.
Key Features - Positive Cash Flow: The property generates substantial income, exceeding operational costs, resulting in a profitable investment; Great Location: Nestled in a vibrant neighborhood, residents enjoy proximity to essential stores, delightful shopping experiences, and a variety of dining options; Accessibility: Located just minutes away from major highways, this property provides easy access for commuting, travel, and leisure activities.
Investment Highlights - High Demand Area: The demand for multi-family homes in this area is on the rise, ensuring consistent occupancy rates; Growth Potential: With the potential for value appreciation and rent increases, investors can look forward to long-term+ financial gains; Community Amenities: Residents benefit from local parks, schools, and community centers, enhancing the living experience and rental appeal.
Zillow last checked: 8 hours ago
Listing updated: January 03, 2025 at 11:52pm
Listed by:
Liz Aguero 01829079 650-450-7668,
eXp Realty of California Inc 888-584-9427
Bought with:
Liz Aguero, 01829079
eXp Realty of California Inc
Source: MLSListings Inc,MLS#: ML81958608
Facts & features
Interior
Heating
- Wall Furnace
Cooling
- Other
Features
- Flooring: Carpet, Vinyl Linoleum
Interior area
- Total structure area: 3,072
- Total interior livable area: 3,072 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached
- Garage spaces: 4
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Features
- Stories: 1
Lot
- Size: 0.34 Acres
Details
- Parcel number: 107490019000
- Zoning: RM-6
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1959
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters
Community & neighborhood
Location
- Region: Redding
Other
Other facts
- Listing agreement: ExclusiveAgency
- Listing terms: CashorConventionalLoan
Price history
| Date | Event | Price |
|---|---|---|
| 5/10/2024 | Sold | $500,000$163/sqft |
Source: | ||
| 6/22/2018 | Listing removed | $700 |
Source: Coldwell Banker Property Management | ||
| 6/12/2018 | Listed for rent | $700 |
Source: Coldwell Banker Property Management | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,643 +90.1% | $507,450 +93.7% |
| 2024 | $2,968 +1.4% | $261,982 +2% |
| 2023 | $2,927 +2.9% | $256,846 +2% |
Find assessor info on the county website
Neighborhood: 96002
Nearby schools
GreatSchools rating
- 4/10Rother Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Parsons Junior High SchoolGrades: 6-8Distance: 0.2 mi
- 7/10Enterprise High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: RotherElementary
- Middle: ParsonsJuniorHigh
- High: EnterpriseHigh
- District: EnterpriseElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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