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1925 Eureka Way 11 Unit Apartment Building $1,561,890 CAD ($141,990 CAD/Unit) Redding, CA 96001
Executive Summary
Multi-Family Investment Opportunity!
Exceptional income-producing property featuring 4 adjoining parcels with a total of 12 rental units plus a profitable self-serve carwash. This versatile investment offers significant upside potential and strong cash-flow opportunities. The property includes mixed units consisting of: 1 three-bedroom unit
2 two-bedroom units
5 one-bedroom units
4 studio apartments
This well-balanced combination appeals to a wide range of tenants and supports consistent occupancy. Many of the rental units have undergone recent renovations, while current rents remain slightly below market value, creating room for future income growth. Complex also includes Laundry room. Carwash
The 2-bay coin-operated self-service carwash has an established customer base and provides additional income potential. Ideally situated in the highly desirable Magnolia District. The property is within walking distance to Downtown Redding Market, the RABA Depot, the YMCA, Shasta High School, and County Courthouse/Offices. It is also within proximity of the City of Redding's proposed Butte Street Boogie Project. This is a project planned improve and enhance the walkability and biking access that will connect downtown to the Sacramento River Trail. Making this an ideal location to that promotes a more active and robust lifestyle. Additional highlights include separately metered units for added management efficiency and tenant convenience.
Exceptional income-producing property featuring 4 adjoining parcels with a total of 12 rental units plus a profitable self-serve carwash. This versatile investment offers significant upside potential and strong cash-flow opportunities. The property includes mixed units consisting of: 1 three-bedroom unit
2 two-bedroom units
5 one-bedroom units
4 studio apartments
This well-balanced combination appeals to a wide range of tenants and supports consistent occupancy. Many of the rental units have undergone recent renovations, while current rents remain slightly below market value, creating room for future income growth. Complex also includes Laundry room. Carwash
The 2-bay coin-operated self-service carwash has an established customer base and provides additional income potential. Ideally situated in the highly desirable Magnolia District. The property is within walking distance to Downtown Redding Market, the RABA Depot, the YMCA, Shasta High School, and County Courthouse/Offices. It is also within proximity of the City of Redding's proposed Butte Street Boogie Project. This is a project planned improve and enhance the walkability and biking access that will connect downtown to the Sacramento River Trail. Making this an ideal location to that promotes a more active and robust lifestyle. Additional highlights include separately metered units for added management efficiency and tenant convenience.
Property Facts
| Price | $1,561,890 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $141,990 CAD | 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 | $1,561,890 CAD |
| Price Per Unit | $141,990 CAD |
| 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 | 2 | - | - |
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 | $681,242 CAD | |
| Land Assessment | $309,650 CAD | Total Assessment | $990,892 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$309,650 CAD
Improvements Assessment
$681,242 CAD
Total Assessment
$990,892 CAD
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1925 Eureka Way
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