$1,286,000
Anderson, CA 96007
MLS# 24-5243
Status: Closed
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Property Description
Introducing a fantastic multi-family investment opportunity in Anderson, CA. This well maintained multi-family property comprises of eleven (11), 2 bedroom/1 bathroom units and one (1) 3 bedroom/1 bathroom unit, all fully occupied, offering immediate returns for investors. Built in 1977, the property has been fully updated. The project provides Gross Rental Income of just under $157,000 per year, priced at a cap rate of over 6.5%. This opportunity presents an exceptional chance to capitalize on the demand for multi-family investment in the Anderson area. With a strong occupancy rate and attractive cap rate, this investment opportunity offers solid long-term profitability for discerning investors.
Details
Maps
Address Information
Street Suffix: Street
Cross Street: Briggs St
Street Number: 3420
Street Direction Pfx: W
Street Name: Center
State/Province: CA
Postal Code: 96007
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 1425000
Parcel Number: 202-220-042
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
Current Price: $1,286,000
Area: 05 - Anderson
Subdivision: N/A
Remarks
Public Remarks: Introducing a fantastic multi-family investment opportunity in Anderson, CA. This well maintained multi-family property comprises of eleven (11), 2 bedroom/1 bathroom units and one (1) 3 bedroom/1 bathroom unit, all fully occupied, offering immediate returns for investors. Built in 1977, the property has been fully updated. The project provides Gross Rental Income of just under $157,000 per year, priced at a cap rate of over 6.5%. This opportunity presents an exceptional chance to capitalize on the demand for multi-family investment in the Anderson area. With a strong occupancy rate and attractive cap rate, this investment opportunity offers solid long-term profitability for discerning investors.
Directions: Interstate 5, to South on Highway 273. West on Briggs St, to south on W Center Street. Property located on West side of road.
Contract Information
Listing Contract Date: 2024-12-31
Status: Closed
List Date: 2024-12-31
Sold Date: 2025-04-30
Under Contract Date: 2025-03-02
Sold Price: $1,286,000
Unit Type
5 or More: 1
Exterior
Wood: 1
Parking
Off Street: 1
On Street: 1
Unit Description
2 Bedroom: 1
3 + Bedroom: 1
All Units Include
Air Conditioner: 1
Heating
Gas: Natural
Cooling
Central: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Conventional: 1
Tenant Expenses
Electric: 1
Gas: 1
Property Features
Unit Type: 5 or More
Exterior: Wood
Parking: Off Street; On Street; Off Street; On Street
Unit Description: 2 Bedroom; 3 + Bedroom
All Units Include: Air Conditioner
Cooling: Central
Tenant Expenses: Electric; Gas
Possession: Close of Escrow
Photo: Agent Upload
Selling Terms: Conventional
IDX
Listing Office: Capital Rivers Commercial
Co Office Name: Capital Rivers Commercial
Co Listing Agent: Chris Haedrich
Last Updated: July - 30 - 2025
Information deemed reliable but not guaranteed.