Now is your rare chance to own a ''turn-key'' 18 Unit Investment Property Located in one of Redding's few 'Opportunity Zones'. True Pride of Ownership has gone into a complete renovation of 16 of the 18 units, Fresh Paint, Carpet, Tile Floors, Remodeled Kitchen with Upgraded Cabinets & Appliances. Each Unit has a ''townhouse'' layout with 2 large bedrooms + 1.5 bathrooms, private fenced yard, assigned covered parking & onsite coin-op laundry room. The Exterior has NEW Roofs, Upgraded Siding, Professional Landscaping with Upgraded Drainage Lines, New Concrete Driveway, Custom Awnings & All New Exterior Paint. At over $182,000 in Gross Annual Income this is a Great Property for the investor looking for Positive Cash Flow with excellent Upside Potential.
Multi-familyProperty Type
1983Year Built
Listed by Broker/Owner Kerley•DRE #01332465• Realty 110, Inc.
Bought with Michael Staplecamp•DRE #01225010• Venture Properties
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
1.5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.93 Acres
Year renovated
—
Sq. Ft.
5,400
Year built
1983
Style
Multi-Family (5+ Unit)
County
Shasta County
APN
113240004000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
LO
Limited Office District
Provide sites for professional office space built at a residential scale that will serve as a transition between residential and commercial districts. To allow service businesses that are quiet and compatible with the residential uses and meet performance standards as outlined in the general plan.
Permitted uses
Include but are not limited to:
Restaurant
Infrastructure
Office
Medical office
Research & development
Apr 16, 2024 • Final
Building (c) - mechanical
Replace a rooftop package heat pump unit.
Heat pump
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking/Garage Information
Parking Features: Assigned, Off Street
Interior
Heating & Cooling
Has Cooling
Exterior
Property Information
Property Type: Residential Income
Raw Mls Property Sub Type: Residential Income
Lot Information
Lot Size Dimensions: 39,159
Location
Location Information
Directions: East on Lake Blvd turn right on Clay
Subdivision Name: N/A
Cross Street: Lake Blvd
Public facts
Beds: 2
Baths: 1.5
Sq. Ft.: 5,400
Stories: 2.0
Lot Size: 0.93 acres
Style: Multi-Family (5+ Unit)
Year Built: 1983
Year Renovated: —
County: Shasta County
APN: 113240004000
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Buckeye School of the Arts
Public K-8 • Assigned • 1.4mi
5/10
Central Valley High School
Public 9-12 • Assigned • 4.2mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
4% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 106° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
37 unhealthy days expected this year, 40 days in 30 years
Provided by First Street
Historical weather
Redding, CA • 96003
Average low and high temperatures (°F)
62
42
60
42
70
46
72
49
82
57
93
65
96
66
96
65
90
63
77
53
62
45
57
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 12.7 hours in
June and 4.4 hours in December, placing it above the
U.S. average for solar exposure.