$810,000
Redding, CA 96003
MLS# 24-3995
Status: Closed
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Property Description
A premier multifamily investment opportunity in the heart of Redding. This meticulously maintained duplex, built in 2016, consists of two upscale residential townhouse style units, making it an ideal choice for investors seeking a low-risk, high-return addition to their portfolio. Currently fully occupied, the property guarantees a steady income stream, enhanced by its strategic location close to the thriving retail area of Redding.
Details
Maps
Address Information
Street Suffix: Street
Cross Street: Old Alturas Road
Street Number: 1383
Street Name: Browning
State/Province: CA
Postal Code: 96003
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 837000
Parcel Number: 071-490-012
Lot Dim or Acres: 9583
GP Zone: RED NC - Neighborhood Commercial
Zoning: RED - C-1 - Neighborhood Commercial Dist
Year Built Desc: 30+
Stories: 2
Current Price: $810,000
Area: 02 - NE Redding
Subdivision: N/A
Year Built: 2016
Remarks
Public Remarks: A premier multifamily investment opportunity in the heart of Redding. This meticulously maintained duplex, built in 2016, consists of two upscale residential townhouse style units, making it an ideal choice for investors seeking a low-risk, high-return addition to their portfolio. Currently fully occupied, the property guarantees a steady income stream, enhanced by its strategic location close to the thriving retail area of Redding.
Directions: Located within the Browning Point complex located at the corner of Browning St and Old Alturas Rd.
Contract Information
Listing Contract Date: 2024-09-16
Status: Closed
List Date: 2024-09-16
Sold Date: 2025-03-07
Under Contract Date: 2025-02-06
Sold Price: $810,000
How to Show
LBX Notice in Doc's: Yes
Unit Type
Duplex: 1
Exterior
Stucco: 1
Parking
Garage: 1
Off Street: 1
Unit Description
3 + Bedroom: 1
All Units Include
Air Conditioner: 1
Fireplace: 1
Patio: 1
Refrigerator: 1
Washer/Dryer Hookups: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Cooling
Central: 1
Available Terms
All Cash to Seller: 1
Cash: 1
Cash to New Loan: 1
Expense Data Source
Owner: 1
Possession
Close of Escrow: 1
Selling Terms
Cash: 1
Existing Rntl Terms
Month to Month: 1
Lease: 2
Written Lease: Yes
Deposit Held: 1
Unit 1
Unit #: A
# Bedrooms: 3
# Baths: 2.5
Rent: 2325
Deposit: 3300
SqFt: 2048
Parking: Garage
Lease: 12-7-24
Unit 2
Unit #: B
# Bedrooms: 3
# Baths: 2.5
Rent: 2400
Deposit: 3500
SqFt: 2048
Parking: Garage
Lease: M-M
Property Features
Unit Type: Duplex
Exterior: Stucco
Parking: Off Street; Garage; Off Street
Unit Description: 3 + Bedroom
All Units Include: Air Conditioner; Fireplace; Patio; Refrigerator; Washer/Dryer Hookups
Heating: Forced Air
Cooling: Central
Ownership: Seller
Existing Rntl Terms: Month to Month; Deposit Held
Expense Data Source: Owner
Available Terms: All Cash to Seller; Cash; Cash to New Loan
Possession: Close of Escrow
Selling Terms: Cash
Supplements
The duplex is located within a well-planned development, featuring 13 townhouse style two-story duplexes with attached two car garages. Each unit offers 3 bedrooms, 2.5 bathrooms, and a modern, open layout. Residents enjoy upscale interior improvements, including granite vanity tops, quartz kitchen counters, and stainless steel appliances, all within a peaceful, tree-lined neighborhood. With convenient access to city utilities, abundant guest parking, and close proximity to Redding's retail shopping area, 1838 Browning Street stands out as a smart, solid investment in a growing multifamily market.
IDX
Listing Office: Capital Rivers Commercial
Last Updated: June - 06 - 2025
Information deemed reliable but not guaranteed.