130 & 140 Masonic Avenue

130 & 140 Masonic Avenue, Redding, CA 96003

  • For Sale $1,773,000
  • Property Type Multi-Family
  • Property Size 9,416 SF
  • Units 12
  • Lot Size 0.38 Acre
  • Property Tenancy Multi-Tenant
  • Year Renovated 2021
  • Date Updated Mar 4, 2025
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.2 adjacent 100% occupied 6-plexes for sale in northern Redding, CA on 2 separate adjacent parcels with great tenants, below market rents, all new HVAC mini-splits in 2021, new roofs in 2021, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. All 12 are 2 Bed/1 Bath units, and 5 of the 12 units have been remodeled. Current gross monthly rents are at $13,628.00/month ($163,536.00/year) with additional laundry income adding approximately $1,300/year, and annual expenses coming in around $48,700/year (including a maintenance reserve), the property provides a cap rate of approximately 6.55% with existing income & expenses.
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Highlights

  • 100% occupied 12 unit apartment complex on 2 separate adjacent properties
  • 5 of the units have been completely remodeled
  • All HVAC has been replaced throughout with mini-split systems in 2021
  • approximately 6.38% cap rate on existing income & expenses
  • Gross rent multiplier at 11.0 on existing income

Contacts

broker
Chris Haedrich

Capital Rivers Commercial

Location

Getting Around

  • Walk Score ®

    53/100 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

    0.08 miles

  • Fast Track

    0.12 miles

  • United Gas

    0.93 miles

  • Pacific Pride

    1.14 miles

  • Valero

    1.22 miles

  • Chevron

    1.23 miles

  • ChargePoint

    1.31 miles

  • Fuelgood

    1.60 miles

  • Gas 4 Less

    1.69 miles

  • Tesla Supercharger

    2.23 miles

  • Gold Hills Golf

    2.33 miles

  • Henderson Open Space

    2.77 miles

  • McConnel Foundation public parking

    2.79 miles

  • Visitor and Staff Parking

    3.45 miles

  • North Parking Lot

    3.50 miles

  • South Parking Lot

    3.54 miles

  • East Parking Lot

    3.68 miles

  • Copley Mountain OHV Staging Area

    5.70 miles

  • Clear Creek Road Park & Ride

    6.44 miles

  • China Gardens Trail

    7.08 miles

  • Tiffany House B&B

    0.54 miles

  • Rodeway Inn Redding

    0.71 miles

  • Turtle Bay Lodge

    0.71 miles

  • Value Inn & Suites

    0.73 miles

  • Travelodge Redding

    0.74 miles

  • Best Western Plus: Twin View Inn & Suites

    1.20 miles

  • Comfort Suites Redding

    1.28 miles

  • Motel 6 Redding North

    1.31 miles

  • Fairfield Inn & Suites Redding

    1.36 miles

  • Ramada Limited Redding

    1.36 miles

  • Round Table Pizza

    0.04 miles

  • Panda South Chinese Restaurant

    0.07 miles

  • McDonald's

    0.10 miles

  • Little Caesars

    0.11 miles

  • Carl's Jr.

    0.13 miles

  • Popeyes

    0.14 miles

  • Papa Murphy's

    0.20 miles

  • Kampi Sushi

    0.20 miles

  • Fresh Fire Grill

    0.20 miles

  • Subway

    0.21 miles

  • Turtle Bay School

    0.85 miles

  • Rocky Point School

    1.36 miles

  • Health Sciences

    1.75 miles

  • University Center

    1.76 miles

  • 9000;Shasta College Community Leadership Center

    1.76 miles

  • Sequoia Middle School

    1.78 miles

  • Buckeye Elemtary School

    1.91 miles

  • Boulder Creek Elementary School

    2.01 miles

  • University Preparatory School

    2.02 miles

  • Shasta High School

    2.12 miles

Frequently Asked Questions

How much does 130 & 140 Masonic Avenue cost?

The space currently listed for sale at 130 & 140 Masonic Avenue asks for $1,773,000.

What is the total square footage of 130 & 140 Masonic Avenue?

130 & 140 Masonic Avenue totals 9,416 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Chris Haedrich

Capital Rivers Commercial

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