Masonic Avenue Apartments

For Sale

110, 130, 140 Masonic Ave, Redding, CA 96003

This Redding property for sale is located at 110, 130, 140 Masonic Ave. The current listed sale price for Masonic Avenue Apartments is $2,454,000. Masonic Avenue Apartments is situated on a lot that is 0.57 acre in size.

Contacts

broker
Chris Haedrich

Capital Rivers Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 12,872 SF
  • Units 18
  • Lot Size 0.57 Acre
  • Property Tenancy Multi-Tenant
  • Year Renovated 2023
  • Date Updated Mar 7, 2025
Well located apartment complex directly across Lake Blvd from Raley's shopping center. Current gross monthly rents are at $18,974.00/month ($227,688.00/year) with additional laundry income adding approximately $1,300/year, and annual expenses coming in around $70,400/year (including a maintenance reserve), the property provides just over a 6.4% cap rate with existing income & expenses. Bringing the rents to market increases the proforma cap rate to 7.0%.The three-building Masonic Avenue Multifamily project is a 100% occupied 18-unit apartment complex for sale in northern Redding, CA on three separate adjacent/nearby parcels with great tenants, below market rents, all new HVAC mini-splits in 2021, two of three buildings have new roofs, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. There are 6 x 1 Bed/1 Bath units, 12 x 2 Bed/1 Bath units, and 6 of the 12 units have been remodeled.
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Highlights

  • 100% occupied 18-unit apartment complex on separate parcels.
  • Apartment complex on three separate parcels, buy all or one.
  • Below market rents with six units recently remodeled.
  • All HVAC has been replaced throughout with mini-split systems.
  • 6.4% cap rate on existing income and expenses with 7.0% cap on market rent proforma.

Getting around

  • 54/100

    Walk Score ®

  • 25/100

    Transit Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Redding, CA
  • Zip Code 96003

Points of Interest

  • Arco

    0.09 miles

  • Fast Track

    0.13 miles

  • United Gas

    0.92 miles

  • Pacific Pride

    1.15 miles

  • Valero

    1.23 miles

  • Chevron

    1.24 miles

  • ChargePoint

    1.30 miles

  • Fuelgood

    1.59 miles

  • Gas 4 Less

    1.68 miles

  • Tesla Supercharger

    2.23 miles

  • Gold Hills Golf

    2.34 miles

  • Henderson Open Space

    2.76 miles

  • McConnel Foundation public parking

    2.80 miles

  • Visitor and Staff Parking

    3.46 miles

  • North Parking Lot

    3.51 miles

  • South Parking Lot

    3.55 miles

  • East Parking Lot

    3.69 miles

  • Copley Mountain OHV Staging Area

    5.70 miles

  • Clear Creek Road Park & Ride

    6.43 miles

  • China Gardens Trail

    7.08 miles

  • Tiffany House B&B

    0.53 miles

  • Rodeway Inn Redding

    0.70 miles

  • Turtle Bay Lodge

    0.70 miles

  • Value Inn & Suites

    0.72 miles

  • Travelodge Redding

    0.73 miles

  • Best Western Plus: Twin View Inn & Suites

    1.21 miles

  • Comfort Suites Redding

    1.29 miles

  • Motel 6 Redding North

    1.32 miles

  • Fairfield Inn & Suites Redding

    1.37 miles

  • Ramada Limited Redding

    1.37 miles

  • Raley's

    0.22 miles

  • TJ Maxx

    1.70 miles

  • Trader Joe's

    1.73 miles

  • Dollar General Market

    1.77 miles

  • Kohl's

    1.80 miles

  • Macy's

    1.90 miles

  • Sprouts Farmers Market

    1.91 miles

  • Mount Shasta Mall

    1.97 miles

  • Mt. Shasta Mall

    1.97 miles

  • Foundry Square

    1.97 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Chris Haedrich

Capital Rivers Commercial

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