$875,000
Redding, CA 96003
MLS# 24-2712
Status: Closed
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Property Description
This 4-Plex represents an exceptional investment in a highly sought-after location, offering three 1190 sqft & one 1287 sqft units, each with 2 bedrooms, 1.5 baths, indoor laundry facilities, and attached garages. The property has been impeccably managed and maintained, ensuring a lucrative opportunity for the new owner. The property enjoys proximity to schools, shopping centers, transportation, and churches, making it highly desirable for tenants seeking convenience and accessibility. Overall, this 4Plex represents an exceptional investment in a highly sought-after location.
Details
Maps
Address Information
Cross Street: Lancers
Street Number: 1112
Street Name: Burton Dr
State/Province: CA
Postal Code: 96003
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 899000
Parcel Number: 071-340-037-000
Lot Dim or Acres: 12,196
GP Zone: RED 10-20 u/a - 10-20 dwelling units per acre
Zoning: RED - RM - Multiple Family Districts
Year Built Desc: 30+
Stories: 2
Current Price: $875,000
Area: 02 - NE Redding
Subdivision: N/A
Year Built: 1987
Remarks
Public Remarks: This 4-Plex represents an exceptional investment in a highly sought-after location, offering three 1190 sqft & one 1287 sqft units, each with 2 bedrooms, 1.5 baths, indoor laundry facilities, and attached garages. The property has been impeccably managed and maintained, ensuring a lucrative opportunity for the new owner. The property enjoys proximity to schools, shopping centers, transportation, and churches, making it highly desirable for tenants seeking convenience and accessibility. Overall, this 4Plex represents an exceptional investment in a highly sought-after location.
Directions: From Churn Creek Road head north past Old Alturas Rd to Right on Lancers to Left on Burton
Contract Information
Listing Contract Date: 2024-06-18
Status: Closed
List Date: 2024-06-19
Sold Date: 2024-09-20
Under Contract Date: 2024-07-07
Sold Price: $875,000
Unit Type
Four Plex: 1
Sub Zoning
Conforming: 1
Exterior
Stucco: 1
Parking
Garage: 1
# Spaces Garage: 4
Guest: 1
Off Street: 1
Unit Description
2 Bedroom: 1
Miscellaneous
Lawn Sprinklers: 1
Smoke Detectors: 1
All Units Include
Air Conditioner: 1
Balcony/Deck: 1
Washer/Dryer Hookups: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Gas: Natural
Cooling
Central: 1
Available Terms
1031 Required: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Conventional: 1
Tenant Expenses
Cable: 1
Electric: 1
Garbage: 1
Gas: 1
Existing Rntl Terms
Month to Month: 1
Unit 1
Unit #: A
# Bedrooms: 2
# Baths: 1.5
Rent: 1298
Deposit: 1600
SqFt: 1190
Parking: Garage
Stories: 2
Unit 2
Unit #: B
# Bedrooms: 2
# Baths: 1.5
Rent: 1400
Deposit: 1600
SqFt: 1190
Stories: 2
Unit 3
Unit #: C
# Bedrooms: 2
# Baths: 1.5
Rent: 1450
Deposit: 1650
SqFt: 1287
Parking: Garage
Stories: 2
Unit 4
Unit #: D
# Bedrooms: 2
Rent: 1400
Deposit: 1200
SqFt: 1190
Parking: Garage
Stories: 2
Property Features
Unit Type: Four Plex
Sub Zoning: Conforming
Exterior: Stucco
Parking: Off Street; Garage; Guest; Off Street
Unit Description: 2 Bedroom
All Units Include: Air Conditioner; Balcony/Deck; Washer/Dryer Hookups
Heating: Forced Air
Cooling: Central
Miscellaneous: Lawn Sprinklers; Smoke Detectors
Ownership: Seller
Tenant Expenses: Cable; Electric; Garbage; Gas
Existing Rntl Terms: Month to Month
Available Terms: 1031 Required; Cash to New Loan
Possession: Close of Escrow
Photo: Agent Upload
Selling Terms: Conventional
IDX
Listing Office: Coldwell Banker C&C Properties
Last Updated: April - 22 - 2025
Information deemed reliable but not guaranteed.