110 Masonic Avenue

110 Masonic Ave, Redding, CA 96003

  • For Sale $681,000
  • Property Type Multi-Family
  • Property Size 3,456 SF
  • Units 6
  • Lot Size 0.19 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1978
  • Year Renovated 2023
  • Date Updated Aug 3, 2024
Well located apartment complex directly across Lake Blvd from Raley's shopping center. From I-5 take the HWY 299/Lake Blvd exit; head west on Lake Blvd; turn left (south) on Masonic Avenue; property is on the right.All units are 1 bed 1 bath. 100% occupied 6-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,221.00/month ($62,652/year) and annual expenses coming in around $21,280/year (including a maintenance reserve), the property provides just over a 6.0% cap rate. And with Bethel School/Church just 1.8 miles to the east and a new sidewalk & bike path under construction, the property is literally within walking distance to Bethel, Simpson University, and Shasta College, providing a constant supply of quality tenants and high apartment demand. Property owners had planned to remodel each unit as there was natural turnover, but only one unit has come up since 2021 (unit 1 is fully remodeled).

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Highlights

  • 100% occupied 6-plex
  • Below market rents, only one unit turned over since 2021
  • All HVAC has been replaced throughout with mini-split systems
  • Unit 1 is fully remodeled

Contacts

broker

Chris Haedrich

Capital Rivers Commercial

Location

Getting Around

  • Walk Score ®

    54/100 Somewhat Walkable

  • Transit Score ®

    25/100 Some Transit

  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • City Redding, CA
  • Zip Code 96003

Points of Interest

  • Arco

    0.03 miles

  • Fast Track

    0.07 miles

  • United Gas

    0.98 miles

  • Pacific Pride

    1.09 miles

  • Valero

    1.18 miles

  • Chevron

    1.19 miles

  • Valero

    1.63 miles

  • Fuelgood

    1.64 miles

  • Valero

    1.69 miles

  • Gas 4 Less

    1.73 miles

  • Gold Hills Golf

    2.28 miles

  • McConnel Foundation public parking

    2.77 miles

  • Henderson Open Space

    2.80 miles

  • Visitor and Staff Parking

    3.41 miles

  • North Parking Lot

    3.46 miles

  • South Parking Lot

    3.50 miles

  • East Parking Lot

    3.64 miles

  • Clear Creek Road Park & Ride

    6.48 miles

  • China Gardens Trail

    7.12 miles

  • Whiskeytown National Recreation Area Visitors Center Lot

    7.37 miles

  • Tiffany House B&B

    0.58 miles

  • Rodeway Inn Redding

    0.75 miles

  • Turtle Bay Lodge

    0.76 miles

  • Travelodge Redding

    0.78 miles

  • Best Western Plus: Twin View Inn & Suites

    1.15 miles

  • Comfort Suites Redding

    1.24 miles

  • Motel 6 Redding North

    1.26 miles

  • Fairfield Inn & Suites Redding

    1.31 miles

  • Ramada Limited Redding

    1.32 miles

  • Sheraton Redding at Sundial Bridge

    1.42 miles

  • Round Table Pizza

    0.04 miles

  • McDonald's

    0.07 miles

  • Little Caesars

    0.07 miles

  • Panda South Chinese Restaurant

    0.07 miles

  • Carl's Jr.

    0.08 miles

  • Popeyes

    0.11 miles

  • Papa Murphy's

    0.16 miles

  • Fresh Fire Grill

    0.16 miles

  • Kampi Sushi

    0.17 miles

  • Bartels Giant Burger

    0.33 miles

  • Turtle Bay School

    0.89 miles

  • Rocky Point School

    1.36 miles

  • Health Sciences

    1.79 miles

  • University Center

    1.81 miles

  • Sequoia Middle School

    1.82 miles

  • Buckeye Elemtary School

    1.90 miles

  • Boulder Creek Elementary School

    1.99 miles

  • University Preparatory School

    2.07 miles

  • Shasta High School

    2.17 miles

  • Pioneer High School

    2.18 miles

Frequently Asked Questions

How much does 110 Masonic Avenue cost?

The space currently listed for sale at 110 Masonic Avenue asks for $681,000.

What is the total square footage of 110 Masonic Avenue?

110 Masonic Avenue totals 3,456 square feet.

When was this property built?

110 Masonic Avenue was built in 1978.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Chris Haedrich

Capital Rivers Commercial