$1,345,000
Redding, CA 96003
MLS# 24-4656
Status: Closed
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Property Description
Discover an exceptional investment opportunity with this well-maintained 11-unit complex, complete with single-car attached garages for tenant convenience. Centrally located, it's just minutes from shopping, dining, and entertainment—making it an ideal rental property with high tenant demand. Currently generating an annual gross scheduled income of $139,860, the property offers further income potential with fair market rents projected to raise annual income to an estimated $171,600. With a strong rental history, low vacancy rates, and excellent prospects for long-term appreciation in a thriving area, this property is a solid addition to any portfolio. Opportunities like this are rare, so act fast to secure steady cash flow and growth potential!
Details
Maps
Address Information
Street Suffix: Court
Cross Street: Lancers
Street Number: 1253
Street Name: Brandon
State/Province: CA
Postal Code: 96003
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 1500000
Parcel Number: 071-340-004
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 2
Current Price: $1,345,000
Area: 02 - NE Redding
Subdivision: N/A
Remarks
Public Remarks: Discover an exceptional investment opportunity with this well-maintained 11-unit complex, complete with single-car attached garages for tenant convenience. Centrally located, it's just minutes from shopping, dining, and entertainment—making it an ideal rental property with high tenant demand. Currently generating an annual gross scheduled income of $139,860, the property offers further income potential with fair market rents projected to raise annual income to an estimated $171,600. With a strong rental history, low vacancy rates, and excellent prospects for long-term appreciation in a thriving area, this property is a solid addition to any portfolio. Opportunities like this are rare, so act fast to secure steady cash flow and growth potential!
Directions: Churn Creek to East on Lancers. Right on Brandon Units are located at the end.
Contract Information
Listing Contract Date: 2024-10-30
Status: Closed
List Date: 2024-10-31
Sold Date: 2025-05-21
Under Contract Date: 2025-03-04
Sold Price: $1,345,000
Unit Type
5 or More: 1
Parking
# Spaces Garage: 11
Selling Terms
Conventional: 1
Unit 1
Unit #: A
# Bedrooms: 2
# Baths: 1.5
Rent: 1325
SqFt: 900
Parking: 1CAG
Unit 2
Unit #: B
# Bedrooms: 2
# Baths: 1.5
Rent: 1070
SqFt: 900
Parking: 1CAG
Unit 3
Unit #: C
# Bedrooms: 2
# Baths: 1.5
Rent: 1235
SqFt: 800
Parking: 1CAG
Unit 4
Unit #: D
# Bedrooms: 2
# Baths: 1.5
Rent: 1060
SqFt: 800
Parking: 1CAG
Unit 5
Unit #: E
# Bedrooms: 2
# Baths: 1.5
Rent: 1060
SqFt: 800
Parking: 1CAG
Unit 6
Unit #: F
# Bedrooms: 2
# Baths: 1.5
Rent: 1040
SqFt: 900
Parking: 1CAG
Unit 7
Unit #: G
Bed: 2
Bath: 1.5
Rent: 1069
SqFt: 900
Parking: 1CAG
Unit 8
Unit #: H
Bed: 2
Bath: 1.5
Rent: 1092
SqFt: 800
Parking: 1CAG
Property Features
Unit Type: 5 or More
Selling Terms: Conventional
IDX
Listing Office: Josh Barker Real Estate
Last Updated: August - 20 - 2025
Information deemed reliable but not guaranteed.