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1925 Eureka Way 11 Unit Apartment Building $998,500 ($90,773/Unit) Redding, CA 96001
Investment Highlights
- Income-producing property with 12 rental units and an operating two-bay self-service carwash.
- Many units have recently undergone renovations, leaving room to increase rental income over time.
- Future infrastructure enhancement through the Butte Street Boogie Project will improve bike and pedestrian connectivity.
- Mixed residential unit types attract a broad tenant demographic, supporting strong occupancy rates.
- Location within the Magnolia District offers access to downtown retail, transit, and government offices.
- Separately metered units provide operational efficiency for management and tenants.
Executive Summary
This multifamily investment opportunity in the Magnolia District of Redding combines residential and ancillary income streams across four adjoining parcels. The property features 12 rental units in a mix of studios, one-bedroom, two-bedroom, and three-bedroom layouts, offering versatility and consistent tenant demand. Recent renovations on many units enhance its appeal, while below-market rents introduce measurable upside for future income growth.
The asset also includes a well-established two-bay self-service carwash, providing additional cash flow and diversifying revenue sources. Located within walking distance to Downtown Redding Market, the RABA Depot, YMCA, Shasta High School, and the County Courthouse, the property benefits from proximity to essential services and government offices. Planned improvements such as the Butte Street Boogie Project will enhance connectivity to the Sacramento River Trail, further elevating the walkability and lifestyle amenities of the neighborhood.
With separate metering for tenant convenience and efficient management, this investment offers both stability and long-term growth potential in a desirable location.
The asset also includes a well-established two-bay self-service carwash, providing additional cash flow and diversifying revenue sources. Located within walking distance to Downtown Redding Market, the RABA Depot, YMCA, Shasta High School, and the County Courthouse, the property benefits from proximity to essential services and government offices. Planned improvements such as the Butte Street Boogie Project will enhance connectivity to the Sacramento River Trail, further elevating the walkability and lifestyle amenities of the neighborhood.
With separate metering for tenant convenience and efficient management, this investment offers both stability and long-term growth potential in a desirable location.
Property Facts
| Price | $998,500 | Apartment Style | Single-Family Home |
| Price Per Unit | $90,773 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.65 AC |
| No. Units | 11 | Building Size | 8,000 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2000 |
| Price | $998,500 |
| Price Per Unit | $90,773 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 8,000 SF |
| No. Stories | 1 |
| Year Built | 2000 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
| Studios | 4 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $481,195 | |
| Land Assessment | $218,721 | Total Assessment | $699,916 |
Property Taxes
Parcel Numbers
Land Assessment
$218,721
Improvements Assessment
$481,195
Total Assessment
$699,916
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1925 Eureka Way