120 Masonic Avenue

120 Masonic Ave, Redding, CA 96003

  • For Sale $711,000
  • Property Type Multi-Family
  • Property Size 4,768 SF
  • Units 5
  • Lot Size 0.19 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1977
  • Year Renovated 2023
  • Date Updated Dec 19, 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.100% occupied 5-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, brand new roof, freshly painted exterior, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,943.00/month ($68,316.00/year), laundry income averaging around $3,000/year, and annual expenses coming in around $27,875/year (including a maintenance reserve), the property provides just over a 6.1% 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 includes laundry room with laundry income. Unit 5 interior has been fully remodeled and unit 3 is a 2-story 3 bedroom/2.5 bath apartment with indoor laundry.
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Attachments

Highlights

  • 100% occupied 5-plex (with one 3 bedroom/2.5 bath unit)
  • Below market rents
  • All HVAC has been replaced throughout with mini-split systems
  • Unit 5 is fully remodeled
  • Includes income from onsite laundry
  • Low maintenance with new roof, new paint, new HVAC, and little landscaping

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

    0.05 miles

  • Fast Track

    0.09 miles

  • United Gas

    0.96 miles

  • Pacific Pride

    1.11 miles

  • Valero

    1.20 miles

  • Chevron

    1.21 miles

  • ChargePoint

    1.33 miles

  • Fuelgood

    1.62 miles

  • Tesla Supercharger

    2.24 miles

  • Gold Hills Golf

    2.30 miles

  • McConnel Foundation public parking

    2.78 miles

  • Henderson Open Space

    2.79 miles

  • Visitor and Staff Parking

    3.42 miles

  • North Parking Lot

    3.48 miles

  • South Parking Lot

    3.52 miles

  • East Parking Lot

    3.65 miles

  • Copley Mountain OHV Staging Area

    5.70 miles

  • Clear Creek Road Park & Ride

    6.46 miles

  • China Gardens Trail

    7.11 miles

  • Tiffany House B&B

    0.57 miles

  • Rodeway Inn Redding

    0.74 miles

  • Turtle Bay Lodge

    0.74 miles

  • Value Inn & Suites

    0.75 miles

  • Travelodge Redding

    0.76 miles

  • Best Western Plus: Twin View Inn & Suites

    1.17 miles

  • Comfort Suites Redding

    1.26 miles

  • Motel 6 Redding North

    1.28 miles

  • Fairfield Inn & Suites Redding

    1.33 miles

  • Ramada Limited Redding

    1.34 miles

  • Round Table Pizza

    0.03 miles

  • Panda South Chinese Restaurant

    0.07 miles

  • McDonald's

    0.08 miles

  • Little Caesars

    0.09 miles

  • Carl's Jr.

    0.10 miles

  • Popeyes

    0.12 miles

  • Papa Murphy's

    0.17 miles

  • Fresh Fire Grill

    0.18 miles

  • Subway

    0.19 miles

  • Kampi Sushi

    0.19 miles

  • Turtle Bay School

    0.87 miles

  • Rocky Point School

    1.36 miles

  • Health Sciences

    1.77 miles

  • University Center

    1.79 miles

  • 9000;Shasta College Community Leadership Center

    1.79 miles

  • Sequoia Middle School

    1.80 miles

  • Buckeye Elemtary School

    1.91 miles

  • Boulder Creek Elementary School

    2.00 miles

  • University Preparatory School

    2.05 miles

  • Shasta High School

    2.15 miles

Frequently Asked Questions

How much does 120 Masonic Avenue cost?

The space currently listed for sale at 120 Masonic Avenue asks for $711,000.

What is the total square footage of 120 Masonic Avenue?

120 Masonic Avenue totals 4,768 square feet.

When was this property built?

120 Masonic Avenue was built in 1977.

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Contact Listing Broker
broker
Chris Haedrich

Capital Rivers Commercial