$10,000 Closing Credit¹
#24-2994, Chris Haedrich, Listing Office: Capital Rivers Commercial
$914,000 List price
140 Masonic Ave Redding, CA 96003
$10,000
Closing credit¹
House
Property details
About 140 Masonic Ave
100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled units, below market rents for the long term tenants, new roof, all new HVAC mini-splits, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $6,875.00/month ($82,500/year), additional laundry income averaging around $1,300/year, and annual expenses coming in around $24,745/year (including a maintenance reserve), the property provides just over a 6.45% cap rate. Units 2, 5 & 6 were fully remodeled in 2021. All of the units are 2 bedrooms with 1 bath. Property owners had planned to remodel each unit as there was natural turnover, but only three units have come up since 2021 (units 2, 5 & 6 are fully remodeled). All of the units are 2 bedrooms with 1 bath.
Highlights
Home typeResidential
StatusActive
Year built1977
ParkingOff Street
MLS #24-3009
Summary
- MLS Number: 24-3009
- MLS Name: Shasta Association of REALTORS®
- Office Name: Capital Rivers Commercial
- Office Phone: (530) 221-1127
- Office Email: info@capitalrivers.com
- Listing Agent: Chris Haedrich
The listings on this site are displayed courtesy of the IDX program of Shasta Association of REALTORS and may not be the listings of the site owner. All information is deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 5:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$914,000
140 Masonic Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 08, 2021 | Home Sold | $2,635,000 |
| Jun 08, 2021 | Home Sold | $2,635,000 |
| Jun 08, 2021 | Home Sold | $2,635,000 |
| Jun 08, 2021 | Home Sold | $2,635,000 |
| Apr 04, 2002 | Home Sold | $190,000 |
| Apr 04, 2002 | Home Sold | $190,000 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
6
Cypress Elementary School
Public District KG-5
2.3 mi
•2150 Civic Center Dr
5
Manzanita Elementary School
Public District KG-5
2.5 mi
•1240 Manzanita Hills Ave
3
Rother Elementary School
Public District KG-5
3.4 mi
•795 Hartnell Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,669. Most Redding, CA residents have annual incomes less than $<35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
61%
<35k
29%
35k-100k
7%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
50%
Single, No Kids
14%
Single, with Kids
23%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
6%
12-17 yrs old
26%
18-34 yrs old
35%
35-64 yrs old
18%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
Pro Boxing
Figure Skating
Where do the neighbors shop?
Burlington
Family Dollar
Nordstrom Rack
Where do the neighbors go to eat?
Cicis Pizza
Popeyes
Church's Chicken
What do the neighbors drive?
Pontiac
Dodge
Cadillac
What do the neighbors listen to?
Urban Contemporary
Jazz
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 140 Masonic Ave
This home is located at 140 Masonic Ave in Redding, CA and zip code 96003 in the North Redding neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $914,000.
In February 2025 more than 20 listings in Redding, CA were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 40 were sold below. The number of homes for sale in Redding, CA increased by 10% between January and February 2025. In February 2025 median list price was $394,998 and the average listing age was 90 days.
From Rocket Homes Real Estate and based on county public records data.