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1011 Burton Dr 4 Unit Apartment Building $1,488,302 CAD ($372,075 CAD/Unit) 5.68% Cap Rate Redding, CA 96003
Investment Highlights
- Open Floor Plan
- Attached 2 Car Garages for each unit
- In Unit Laundry
- 2 Master Bedrooms each with ensuite bathrooms
Executive Summary
This property features four spacious 2-bed / 2.5-bath units with 1,100sq/ft of upscale living space. All open floor plan units feature kitchens with granite counter tops & stainless appliances, two master bedrooms with ensuite bathrooms and walk-in closets, convenient in-unit laundry, and a guest half bath on the main level. This property also features, two car garages along with off-street parking for each unit.
Financials:
Total Expenses $22,950.00
*Insurance $4,268.00
*Landscaping $1,800.00
*Utilities $4,282.00
*Taxes $12,600.00
Total Gross Rents $82,608.00
Financials:
Total Expenses $22,950.00
*Insurance $4,268.00
*Landscaping $1,800.00
*Utilities $4,282.00
*Taxes $12,600.00
Total Gross Rents $82,608.00
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$117,091
|
$26.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,091
|
$26.61
|
| Taxes |
$17,860
|
$4.06
|
| Operating Expenses |
$14,670
|
$3.33
|
| Total Expenses |
$32,530
|
$7.39
|
| Net Operating Income |
$84,561
|
$19.22
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $117,091 |
| Annual Per SF | $26.61 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $117,091 |
| Annual Per SF | $26.61 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,860 |
| Annual Per SF | $4.06 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,670 |
| Annual Per SF | $3.33 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,530 |
| Annual Per SF | $7.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $84,561 |
| Annual Per SF | $19.22 |
Property Facts
| Price | $1,488,302 CAD | Building Class | C |
| Price Per Unit | $372,075 CAD | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 4,400 SF |
| Cap Rate | 5.68% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2013 |
| Property Subtype | Apartment | ||
| Zoning | RM-10 - Residential Multifamily | ||
| Price | $1,488,302 CAD |
| Price Per Unit | $372,075 CAD |
| Sale Type | Investment |
| Cap Rate | 5.68% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 4,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2013 |
| Zoning | RM-10 - Residential Multifamily |
Amenities
Unit Amenities
- Washer/Dryer
- Granite Countertops
- Stainless Steel Appliances
- Walk-In Closets
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 071-370-015-000 | Total Assessment | $705,812 CAD (2025) |
| Land Assessment | $61,346 CAD (2025) | Annual Taxes | $17,860 CAD ($4.06 CAD/SF) |
| Improvements Assessment | $644,467 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
071-370-015-000
Land Assessment
$61,346 CAD (2025)
Improvements Assessment
$644,467 CAD (2025)
Total Assessment
$705,812 CAD (2025)
Annual Taxes
$17,860 CAD ($4.06 CAD/SF)
Tax Year
2026
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1011 Burton Dr
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