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2115-2135 Waldon St 14 Unit Apartment Building $1,599,000 ($114,214/Unit) 7.26% Cap Rate Redding, CA 96001
INVESTMENT HIGHLIGHTS
- Quiet, shadded, relaxing.
EXECUTIVE SUMMARY
As Of 10/31/2025 Here is our Financials. We have Two Vacant Units currently Total rents are 11,347.00 .
When we rent the last two and are 100% we will be at 13,497.00 Monthly.
Expenses are running 52,800.00 a year (Including Prop Mgmnt fee 10k. a year)
Sellers have been doing remodels of units so we had a larger vacancy rate in the past, that’s why income is low.
Currently rented ……………………136,164.00
Fully rented will be an income 161,964.00 ...........These numbers can change and may not be accurate, Buyer is responsible, to confirm, and run numbers.
Well Maintained property in a nice area, very peaceful with big shade trees. The city of Redding is blowing up development everywhere, lots of room for rents to keep increasing.
When we rent the last two and are 100% we will be at 13,497.00 Monthly.
Expenses are running 52,800.00 a year (Including Prop Mgmnt fee 10k. a year)
Sellers have been doing remodels of units so we had a larger vacancy rate in the past, that’s why income is low.
Currently rented ……………………136,164.00
Fully rented will be an income 161,964.00 ...........These numbers can change and may not be accurate, Buyer is responsible, to confirm, and run numbers.
Well Maintained property in a nice area, very peaceful with big shade trees. The city of Redding is blowing up development everywhere, lots of room for rents to keep increasing.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,599,000 | Apartment Style | Garden |
| Price Per Unit | $114,214 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 7.26% | Building Size | 8,483 SF |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Gross Rent Multiplier | 12.5 | Year Built | 1993 |
| No. Units | 14 | Parking Ratio | 2.48/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | MF | ||
| Price | $1,599,000 |
| Price Per Unit | $114,214 |
| Sale Type | Investment |
| Cap Rate | 7.26% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.5 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 8,483 SF |
| No. Stories | 1 |
| Year Built | 1993 |
| Parking Ratio | 2.48/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Grill
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $800.00 | - |
| 1+1 | 7 | $1,100 | - |
| 2+1 | 4 | $1,200 | - |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 102-560-064-000 | Improvements Assessment | $873,999 |
| Land Assessment | $164,045 | Total Assessment | $1,038,044 |
PROPERTY TAXES
Parcel Number
102-560-064-000
Land Assessment
$164,045
Improvements Assessment
$873,999
Total Assessment
$1,038,044
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2115-2135 Waldon St
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