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 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.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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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

  • Valero

    1.61 miles

  • Fuelgood

    1.62 miles

  • Valero

    1.70 miles

  • Gas 4 Less

    1.71 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

  • Clear Creek Road Park & Ride

    6.46 miles

  • China Gardens Trail

    7.11 miles

  • Whiskeytown National Recreation Area Visitors Center Lot

    7.36 miles

  • Tiffany House B&B

    0.57 miles

  • Rodeway Inn Redding

    0.74 miles

  • Turtle Bay Lodge

    0.74 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

  • Sheraton Redding at Sundial Bridge

    1.40 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

  • Kampi Sushi

    0.19 miles

  • Bartels Giant Burger

    0.34 miles

  • Turtle Bay School

    0.87 miles

  • Rocky Point School

    1.36 miles

  • Health Sciences

    1.77 miles

  • University 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

  • Pioneer High School

    2.16 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.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Chris Haedrich

Capital Rivers Commercial