20522 Old 44 Drive, Redding, CA 96003

$875,000
Property Type: Residential Income Status: Closed
Current Price: $875,000 List Date: 7/29/2025 Last Modified: 8/09/2025

Description

One-of-a-Kind Investment Property - 7 Homes on Nearly 9 Acres in Redding Don't miss this rare opportunity to own a truly unique income-producing property just minutes from town! Situated on just under 9 acres in a peaceful country setting, this remarkable investment features 7 well-maintained homes and 4 rentable storage units with room for upside. Each home offers a comfortable residential atmosphere with newer roofs, modern mini-split HVAC systems, and updated appliances—making them highly desirable for long-term tenants. Demand is consistently strong, and vacancies are rare. In addition to the stable rental income from the homes, there's untapped potential in the four storage units, which can be leased for additional monthly revenue—pushing returns even higher. Whether you're a seasoned investor or looking to expand your portfolio, this property presents an exceptional opportunity to generate attractive cash flow and a strong CAP rate in a desirable, semi-rural location close to all the amenities of Redding. Opportunities like this don't come around often

More Information MLS# 25-1518

Address Information

Street Number: 20522 Street Name: Old 44 Cross Street: Carson Drive Street Suffix: Drive State/Province: CA Postal Code: 96003 County: Shasta

Property Description

Current Price: $875,000 Type: Residential Income Area: 02 - NE Redding List Price: 949000 Subdivision: N/A Parcel Number: 111-100-015-000 GP Zone: NOT AVAILABLE Zoning: NOT AVAILABLE Stories: 1 Year Built: 1971 Year Built Desc: 30+

Remarks

Public Remarks: One-of-a-Kind Investment Property - 7 Homes on Nearly 9 Acres in Redding Don't miss this rare opportunity to own a truly unique income-producing property just minutes from town! Situated on just under 9 acres in a peaceful country setting, this remarkable investment features 7 well-maintained homes and 4 rentable storage units with room for upside. Each home offers a comfortable residential atmosphere with newer roofs, modern mini-split HVAC systems, and updated appliances—making them highly desirable for long-term tenants. Demand is consistently strong, and vacancies are rare. In addition to the stable rental income from the homes, there's untapped potential in the four storage units, which can be leased for additional monthly revenue—pushing returns even higher. Whether you're a seasoned investor or looking to expand your portfolio, this property presents an exceptional opportunity to generate attractive cash flow and a strong CAP rate in a desirable, semi-rural location close to all the amenities of Redding. Opportunities like this don't come around often Directions: Old 44 East

Contract Information

Listing Contract Date: 2025-04-10 Status: Closed List Date: 2025-04-11 Sold Date: 2025-08-08 Under Contract Date: 2025-08-05 Sold Price: $875,000

How to Show

SH Sntrilck Bluetooth: No LBX Notice in Doc's: No

Property Features

Unit Type: 5 or More Parking: Carport; Off Street Unit Description: 1 Bedroom; 2 Bedroom All Units Include: Air Conditioner Some Units Include: Washer/Dryer Hookups Heating: Heat Pump Cooling: Heat Pump Ownership: Seller Selling Terms: Owner Carry 1st
Listing Office: Realty 110, Inc.
Co Office Name: Realty 110, Inc.
Co Listing Agent: Kimberly Moore
Last Updated: August - 09 - 2025
20522 Old 44 Drive, Redding, CA 96003- MLS# 25-1518
Information deemed reliable but not guaranteed.

Compare listings

Compare