$1,000,000
Redding, CA 96001
MLS# 26-2927
1 / 61
Property Description
Incredible multi-family investment opportunity in the heart of Redding! Located directly across from the scenic Sacramento River, 1553 Riverside Drive is an 8-unit multi-family community boasting an exceptional rental history and an unbeatable location. Tenants enjoy effortless access to the Sacramento River Trail system, Caldwell Park, and the vibrant, revitalized Downtown Redding district for shopping and dining. The property features a highly rentable mix of units, on-site laundry facilities, and off-street parking. With strong historical occupancy, low maintenance demands, and clear upside potential in a high-demand rental market, this asset is a powerhouse addition to any real estate portfolio. Do not miss this rare chance to own a prominent multi-family community in a premier location!
Details
Maps
Property Description
List Price: 1000000
Parcel Number: 101-510-017-000
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 01-05 Years
Stories: 1
Current Price: $1,000,000
Area: 01 - NW Redding
Subdivision: N/A
Year Built: 1963
Address Information
Street Suffix: Drive
Cross Street: S. Market St.
Street Number: 1553
Street Name: Riverside
State/Province: CA
Postal Code: 96001
County: Shasta
Remarks
Public Remarks: Incredible multi-family investment opportunity in the heart of Redding! Located directly across from the scenic Sacramento River, 1553 Riverside Drive is an 8-unit multi-family community boasting an exceptional rental history and an unbeatable location. Tenants enjoy effortless access to the Sacramento River Trail system, Caldwell Park, and the vibrant, revitalized Downtown Redding district for shopping and dining. The property features a highly rentable mix of units, on-site laundry facilities, and off-street parking. With strong historical occupancy, low maintenance demands, and clear upside potential in a high-demand rental market, this asset is a powerhouse addition to any real estate portfolio. Do not miss this rare chance to own a prominent multi-family community in a premier location!
Directions: South Market St to Riverside Drive.
Contract Information
Listing Contract Date: 2026-06-16
Status: Active
List Date: 2026-06-16
How to Show
SH Sntrilck Bluetooth: No
LBX Notice in Doc's: No
Unit Type
5 or More: 1
Exterior
Wood: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
Miscellaneous
Laundry in Complex: 1
All Units Include
Refrigerator: 1
Some Units Include
Balcony/Deck: 1
Ownership
Seller: 1
Heating
Furnace Wall: 1
Cooling
Window: 1
Available Terms
Cash: 1
Possession
Close of Escrow: 1
Existing Rntl Terms
Month to Month: 1
Lease: 1
Property Features
Unit Type: 5 or More
Exterior: Wood
Unit Description: 1 Bedroom; 2 Bedroom
All Units Include: Refrigerator
Some Units Include: Balcony/Deck
Heating: Furnace Wall
Cooling: Window
Miscellaneous: Laundry in Complex
Ownership: Seller
Existing Rntl Terms: Month to Month
Available Terms: Cash
Possession: Close of Escrow
IDX
Listing Office: Property Upsurge, Inc.
Last Updated: July - 07 - 2026
Information deemed reliable but not guaranteed.