2176 Placer Street, Redding, CA 96001
$799,000
Property Type:
Residential Income
Status:
UActive Under Contract
Current Price:
$799,000
List Date:
4/04/2025
Last Modified:
8/21/2025
Description
HUGE Price reduction! Over $100,000 below previous appraised value! Opportunity is knocking and the savvy investor is going to jump on this rare chance to own a distinctive multi-family property right in the heart of downtown Redding. This fully updated property features four turn-key apartments with covered parking, plus a charming 3-bedroom, 1-bath home.
Live in the house while generating rental income from the apartments, or lease all units for maximum cash flow. Thoughtfully renovated inside and out with modern finishes and new windows, this income-producing property is currently fully occupied with room for upside potential CASH FLOW!
More Information MLS# 25-1352
Address Information
Street Suffix: Street
Cross Street: Magnolia
Street Number: 2176
Street Name: Placer
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Type: Residential Income
List Price: 799000
Parcel Number: 105-340-009-000
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
Current Price: $799,000
Area: 04 - SW Redding
Subdivision: N/A
Year Built: 1936
Remarks
Public Remarks: HUGE Price reduction! Over $100,000 below previous appraised value! Opportunity is knocking and the savvy investor is going to jump on this rare chance to own a distinctive multi-family property right in the heart of downtown Redding. This fully updated property features four turn-key apartments with covered parking, plus a charming 3-bedroom, 1-bath home.
Live in the house while generating rental income from the apartments, or lease all units for maximum cash flow. Thoughtfully renovated inside and out with modern finishes and new windows, this income-producing property is currently fully occupied with room for upside potential CASH FLOW!
Directions: Placer west to Magnolia East.
Contract Information
Listing Contract Date: 2025-04-03
Status: UActive Under Contract
List Date: 2025-04-04
How to Show
SH Sntrilck Bluetooth: No
LBX Notice in Doc's: No
Unit Type
5 or More: 1
Parking
Assigned: 1
# Spaces Carport: 4
Off Street: 1
On Street: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
3 + Bedroom: 1
All Units Include
Air Conditioner: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Cooling
Central: 1
Evaporative: 1
Available Terms
All Cash to Seller: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Existing Rntl Terms
Month to Month: 1
Unit 1
Unit #: 2170
# Bedrooms: 2
# Baths: 1
Rent: 1050
Unit 2
Unit #: 2168
# Bedrooms: 3
# Baths: 1
Rent: 1295
Unit 3
Unit #: 2166
# Bedrooms: 1
# Baths: 1
Rent: 950
Unit 4
Unit #: 2164
# Bedrooms: 1
# Baths: 1
Rent: 995
Unit 5
Unit #: 2176 - House
# Bedrooms: 3
# Baths: 1
Rent: 1550
Property Features
Unit Type: 5 or More
Parking: Assigned; Off Street; On Street
Unit Description: 1 Bedroom; 2 Bedroom; 3 + Bedroom
All Units Include: Air Conditioner
Heating: Forced Air
Cooling: Central; Evaporative
Ownership: Seller
Existing Rntl Terms: Month to Month
Available Terms: All Cash to Seller; Cash to New Loan
Possession: Close of Escrow
Photo: Agent Upload
Listing Office: Realty 110, Inc.
Co Office Name: Realty 110, Inc.
Co Listing Agent: Kimberly Moore
Last Updated: August - 21 - 2025
Information deemed reliable but not guaranteed.