Casa Serena Apartments 2351 Victor Ave 40 Unit Apartment Building $5,450,000 ($136,250/Unit) 6.55% Cap Rate Redding, CA 96002

Open House Tours - Thursday December 18th form 10:30am-2:30pm. Please contact Isaac Merritt or Spencer Moyer to set up your 30 minute window.
ALIVE Commercial Real Estate is proud to exclusively present Casa Serena Apartments, a fully amenitized fenced and gated 40-unit multifamily community located at 2351 Victor Ave, Redding, CA. Built in 1976, the property offers an attractive unit mix of (24) two-bedroom / 1.25-bath units and (16) one-bedroom / 1-bath units, each featuring modern finishes, desirable layouts and garages. Over 65% of the units have been extensively renovated, including upgraded wood kitchen cabinetry, new appliances, and durable laminate plank flooring. These improvements have fostered a strong sense of pride of ownership and position the next investor to either continue the proven renovation program or lease the remaining units as-is with minimal additional capital required. Redding’s multifamily market is defined by low inventory, vacancy rates near 3.5%, and steady demand, with limited new construction contributing to a stable, affordable environment— particularly for workforce housing. These favorable supply-and-demand fundamentals support strong long-term rent growth, resilience, and overall investment stability for the next savvy owner. The next owner of Casa Serena will inherit a well cared for and well managed investment with currently no vacancy.