$865,000
Anderson, CA 96007
MLS# 25-634
Status: Closed
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Property Description
High-Cash-Flow 9-Unit Apartment Complex in Anderson, CA - 8.75%+ CAP Rate! This well-maintained 9-unit multifamily property in Anderson, CA, is a prime investment opportunity with an annual gross income of over $113,000 and a Profoma CAP rate exceeding 10.39% in as little as 2 years. The complex consists of eight 2-bedroom, 1-bath units, each featuring indoor laundry and private backyards, plus a spacious 3-bedroom, 1-bath unit. With plenty of room for upside potential on rents, this property offers an excellent opportunity for investors seeking strong cash flow and long-term appreciation. Conveniently located near local amenities and freeway access, this is a low-maintenance, high-performing asset that won't last long.
Details
Maps
Address Information
Street Suffix: Lane
Cross Street: North Street
Street Number: 2980
Street Name: Stingy
State/Province: CA
Postal Code: 96007
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 985000
Parcel Number: 201-510-025-000
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
Current Price: $865,000
Area: 05 - Anderson
Subdivision: N/A
Year Built: 1964
Remarks
Public Remarks: High-Cash-Flow 9-Unit Apartment Complex in Anderson, CA - 8.75%+ CAP Rate! This well-maintained 9-unit multifamily property in Anderson, CA, is a prime investment opportunity with an annual gross income of over $113,000 and a Profoma CAP rate exceeding 10.39% in as little as 2 years. The complex consists of eight 2-bedroom, 1-bath units, each featuring indoor laundry and private backyards, plus a spacious 3-bedroom, 1-bath unit. With plenty of room for upside potential on rents, this property offers an excellent opportunity for investors seeking strong cash flow and long-term appreciation. Conveniently located near local amenities and freeway access, this is a low-maintenance, high-performing asset that won't last long.
Directions: I5 to East on Balls Ferry Road. Left onto Stingy Lane. Property is on the left.
Contract Information
Listing Contract Date: 2025-02-14
Status: Closed
List Date: 2025-02-17
Sold Date: 2025-07-31
Under Contract Date: 2025-05-27
Sold Price: $865,000
How to Show
SH Sntrilck Bluetooth: No
LBX Notice in Doc's: No
Unit Type
5 or More: 1
Parking
Carport: 1
Off Street: 1
Unit Description
2 Bedroom: 1
3 + Bedroom: 1
All Units Include
Washer/Dryer Hookups: 1
Ownership
Seller: 1
Heating
Furnace Wall: 1
Available Terms
All Cash to Seller: 1
Cash to New Loan: 1
Selling Terms
Conventional: 1
Property Features
Unit Type: 5 or More
Parking: Off Street; Carport; Off Street
Unit Description: 2 Bedroom; 3 + Bedroom
All Units Include: Washer/Dryer Hookups
Heating: Furnace Wall
Ownership: Seller
Available Terms: All Cash to Seller; Cash to New Loan
Selling Terms: Conventional
IDX
Listing Office: Realty 110, Inc.
Co Office Name: Realty 110, Inc.
Co Listing Agent: Kimberly Moore
Last Updated: October - 30 - 2025
Information deemed reliable but not guaranteed.