$795,000
Redding, CA 96003
MLS# 24-5169
Status: Closed
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Property Description
Rare Investment Opportunity - Stunning Fourplex in Prime Location! Nestled in one of the most desirable locations in town, this beautifully maintained fourplex offers convenience, comfort, and unmatched mountain views. Just minutes from shopping, dining, and essential services, this property is a true gem for investors and homeowners alike. Each of the four units boasts a townhouse-style floor plan with thoughtful design and functionality. The floor plans all feature two spacious bedrooms and a full bathroom upstairs, while the downstairs area offers an open-concept layout with a kitchen that has ample storage, a large living room, a dining area, and a convenient half bathroom. The units also includes an attached one-car garage for added convenience plus washer/dryer hook-ups. Scenic views of the surrounding mountains can be enjoyed from every angle. This property exudes pride of ownership, as it has been meticulously maintained by the original owners, with consistent upkeep and improvements over the years. The immaculate condition and attention to detail set this building apart. Properties like this rarely come to market, making it an exceptional opportunity to own a turnkey fourplex in a prime location with HUGE Upside on Rents and a proven track record of care and maintenance.
Details
Maps
Address Information
Street Suffix: Drive
Cross Street: Lancers Lane
Street Number: 1148
Street Name: Burton
State/Province: CA
Postal Code: 96003
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 889000
Parcel Number: 071-340-034-000
Lot Dim or Acres: 0.28
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 2
Current Price: $795,000
Area: 02 - NE Redding
Subdivision: N/A
Year Built: 1991
Remarks
Public Remarks: Rare Investment Opportunity - Stunning Fourplex in Prime Location!
Nestled in one of the most desirable locations in town, this beautifully maintained fourplex offers convenience, comfort, and unmatched mountain views. Just minutes from shopping, dining, and essential services, this property is a true gem for investors and homeowners alike. Each of the four units boasts a townhouse-style floor plan with thoughtful design and functionality. The floor plans all feature two spacious bedrooms and a full bathroom upstairs, while the downstairs area offers an open-concept layout with a kitchen that has ample storage, a large living room, a dining area, and a convenient half bathroom. The units also includes an attached one-car garage for added convenience plus washer/dryer hook-ups. Scenic views of the surrounding mountains can be enjoyed from every angle.
This property exudes pride of ownership, as it has been meticulously maintained by the original owners, with consistent upkeep and improvements over the years. The immaculate condition and attention to detail set this building apart. Properties like this rarely come to market, making it an exceptional opportunity to own a turnkey fourplex in a prime location with HUGE Upside on Rents and a proven track record of care and maintenance.
Directions: Churn Creek Road. Right onto Lancers Lane. Left onto Burton Court. Property is on the left.
Contract Information
Listing Contract Date: 2024-12-16
Status: Closed
List Date: 2024-12-16
Sold Date: 2025-02-07
Under Contract Date: 2025-01-15
Sold Price: $795,000
How to Show
SH Sntrilck Bluetooth: No
LBX Notice in Doc's: Yes
Unit Type
Four Plex: 1
Exterior
Stucco: 1
Parking
# Spaces Garage: 4
Guest: 1
Off Street: 1
On Street: 1
Unit Description
2 Bedroom: 1
All Units Include
Air Conditioner: 1
Patio: 1
Washer/Dryer Hookups: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Cooling
Central: 1
Available Terms
All Cash to Seller: 1
Cash to New Loan: 1
Possession
Arrange: 1
Close of Escrow: 1
Lease: 1
Selling Terms
Cash: 1
Owner Expenses
Water: 1
Garbage: 1
Tenant Expenses
Cable: 1
Electric: 1
Gas: 1
Existing Rntl Terms
Month to Month: 1
Deposit Held: 1
Unit 1
Unit #: 1
# Bedrooms: 2
# Baths: 1.5
Rent: 1250
Deposit: 1250
Parking: 1 CarAttached Garage
Stories: 2
Remarks: Month to Month
Unit 2
Unit #: 2
# Bedrooms: 2
# Baths: 1.5
Rent: 950
Deposit: 650
Parking: 1 CarAttached Garage
Stories: 2
Remarks: Month to Month
Unit 3
Unit #: 3
# Bedrooms: 2
# Baths: 1.5
Rent: 975
Deposit: 1000
Parking: 1 CarAttached Garage
Stories: 2
Remarks: Month to Month
Unit 4
Unit #: 4
# Bedrooms: 2
# Baths: 1.5
Rent: 1265
Deposit: 1265
Parking: 1 CarAttached Garage
Stories: 2
Remarks: Month to Month
Property Features
Unit Type: Four Plex
Exterior: Stucco
Parking: Off Street; On Street; Guest; Off Street; On Street
Unit Description: 2 Bedroom
All Units Include: Air Conditioner; Patio; Washer/Dryer Hookups
Heating: Forced Air
Cooling: Central
Ownership: Seller
Owner Expenses: Garbage; Water
Tenant Expenses: Cable; Electric; Gas
Existing Rntl Terms: Month to Month; Deposit Held
Available Terms: All Cash to Seller; Cash to New Loan
Possession: Arrange; Close of Escrow; Lease
Selling Terms: Cash
IDX
Listing Office: Realty 110, Inc.
Co Office Name: Realty 110, Inc.
Co Listing Agent: Kimberly Moore
Last Updated: May - 09 - 2025
Information deemed reliable but not guaranteed.