3420 W Center Street, Anderson, CA 96007

$1,286,000
Property Type: Residential Income Status: Closed
Current Price: $1,286,000 List Date: 1/24/2025 Last Modified: 7/30/2025

Description

Introducing a fantastic multi-family investment opportunity in Anderson, CA. This well maintained multi-family property comprises of eleven (11), 2 bedroom/1 bathroom units and one (1) 3 bedroom/1 bathroom unit, all fully occupied, offering immediate returns for investors. Built in 1977, the property has been fully updated. The project provides Gross Rental Income of just under $157,000 per year, priced at a cap rate of over 6.5%. This opportunity presents an exceptional chance to capitalize on the demand for multi-family investment in the Anderson area. With a strong occupancy rate and attractive cap rate, this investment opportunity offers solid long-term profitability for discerning investors.

More Information MLS# 24-5243

Address Information

Street Number: 3420 Street Direction Pfx: W Street Name: Center Cross Street: Briggs St Street Suffix: Street State/Province: CA Postal Code: 96007 County: Shasta

Property Description

Current Price: $1,286,000 Type: Residential Income Area: 05 - Anderson List Price: 1425000 Subdivision: N/A Parcel Number: 202-220-042 GP Zone: NOT AVAILABLE Zoning: NOT AVAILABLE Stories: 1 Year Built Desc: 30+

Remarks

Public Remarks: Introducing a fantastic multi-family investment opportunity in Anderson, CA. This well maintained multi-family property comprises of eleven (11), 2 bedroom/1 bathroom units and one (1) 3 bedroom/1 bathroom unit, all fully occupied, offering immediate returns for investors. Built in 1977, the property has been fully updated. The project provides Gross Rental Income of just under $157,000 per year, priced at a cap rate of over 6.5%. This opportunity presents an exceptional chance to capitalize on the demand for multi-family investment in the Anderson area. With a strong occupancy rate and attractive cap rate, this investment opportunity offers solid long-term profitability for discerning investors. Directions: Interstate 5, to South on Highway 273. West on Briggs St, to south on W Center Street. Property located on West side of road.

Contract Information

Listing Contract Date: 2024-12-31 Status: Closed List Date: 2024-12-31 Sold Date: 2025-04-30 Under Contract Date: 2025-03-02 Sold Price: $1,286,000

Heating

Gas: Natural

Property Features

Unit Type: 5 or More Exterior: Wood Parking: Off Street; On Street Unit Description: 2 Bedroom; 3 + Bedroom All Units Include: Air Conditioner Cooling: Central Tenant Expenses: Electric; Gas Possession: Close of Escrow Photo: Agent Upload Selling Terms: Conventional
Listing Office: Capital Rivers Commercial
Co Office Name: Capital Rivers Commercial
Co Listing Agent: Chris Haedrich
Last Updated: July - 30 - 2025
3420 W Center Street, Anderson, CA 96007- MLS# 24-5243
Information deemed reliable but not guaranteed.

Compare listings

Compare