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1299 Heavenly Oak Ln 4 Unit Apartment Building $992,500 ($248,125/Unit) 5.01% Cap Rate Redding, CA 96002
Investment Highlights
- Open Floor Plan
- Attached 2 Car Garages for each unit
Executive Summary
Each unit is features vaulted ceilings and an open-concept layout that seamlessly connects the kitchen, dining, and living areas. A convenient half-bath is located on the main floor, and every unit includes a private two-car attached garage. Three of the units are approximately 1,083 square feet and feature two spacious bedrooms--each with its own private bathroom--along with large closets and ample storage. The end unit offers approximately 1,153 square feet, with three bedrooms, including a primary suite with a private bath and two additional bedrooms connected by a Jack-and-Jill bathroom. All units are fully occupied.
Do not disturb tenants call listing agent with any questions. Email offers to willramsdell2@gmail.com
Do not disturb tenants call listing agent with any questions. Email offers to willramsdell2@gmail.com
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$82,320
|
$18.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,320
|
$18.70
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,541
|
$2.17
|
| Net Operating Income |
$72,779
|
$16.53
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $82,320 |
| Annual Per SF | $18.70 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $82,320 |
| Annual Per SF | $18.70 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $9,541 |
| Annual Per SF | $2.17 |
| Net Operating Income | |
|---|---|
| Annual | $72,779 |
| Annual Per SF | $16.53 |
Property Facts
| Price | $992,500 | Building Class | C |
| Price Per Unit | $248,125 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 4,402 SF |
| Cap Rate | 5.01% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $992,500 |
| Price Per Unit | $248,125 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 4,402 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2007 |
| Opportunity Zone |
Yes |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 068-730-034-000 | Improvements Assessment | $458,086 (2025) |
| Land Assessment | $49,250 (2025) | Total Assessment | $507,336 (2025) |
Property Taxes
Parcel Number
068-730-034-000
Land Assessment
$49,250 (2025)
Improvements Assessment
$458,086 (2025)
Total Assessment
$507,336 (2025)
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1299 Heavenly Oak Ln
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