REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Nick Kerley • Realty 110, Inc.
$ 1,050,000
Est. payment /mo
Active
2230 El Reno LN Redding, CA 96001
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-854
Year Built 1945
Property Sub-Type Residential Income
Source Shasta Association of REALTORS®
Property Description
Excellent opportunity to acquire a high-performing residential income property featuring 8 detached homes on one parcel. The El Reno Cottages are currently fully occupied and generating over $99,000 in gross annual income, providing a 7.06% CAP rate with strong, consistent cash flow.
The property has undergone extensive recent improvements, making it a desirable low-maintenance investment. Updates include newer roofs, updated siding on several units, fresh exterior paint, upgraded interiors, and dual-pane windows. The homes are well maintained and designed for long-term durability while helping keep operating expenses manageable.
Each unit offers tenants the privacy and appeal of separate homes rather than traditional apartment units, which has helped support stable occupancy and tenant retention. The property also features low-maintenance landscaping, further reducing ongoing landlord responsibilities.
Located in a convenient area with quick access to shopping, schools, parks, and transportation, the property continues to attract steady rental demand.
Opportunities to own multiple standalone homes producing strong income on a single parcel are rare, making this a compelling option for investors seeking stable returns and long-term rental demand.
The property has undergone extensive recent improvements, making it a desirable low-maintenance investment. Updates include newer roofs, updated siding on several units, fresh exterior paint, upgraded interiors, and dual-pane windows. The homes are well maintained and designed for long-term durability while helping keep operating expenses manageable.
Each unit offers tenants the privacy and appeal of separate homes rather than traditional apartment units, which has helped support stable occupancy and tenant retention. The property also features low-maintenance landscaping, further reducing ongoing landlord responsibilities.
Located in a convenient area with quick access to shopping, schools, parks, and transportation, the property continues to attract steady rental demand.
Opportunities to own multiple standalone homes producing strong income on a single parcel are rare, making this a compelling option for investors seeking stable returns and long-term rental demand.
Location
State CA
County Shasta
Direction Westside Road to El Reno. Property is on the right
Interior
Cooling Window, Evaporative, Heat Pump
Exterior
Parking Features Off Street, On Street
Building
Story 1
Level or Stories 1.0
Others
Senior Community No
Tax ID 108-100-006-000
Ownership Seller
Acceptable Financing 1031 Required, All Cash to Seller, Cash to New Loan, Subj to Inspection
Listing Terms 1031 Required, All Cash to Seller, Cash to New Loan, Subj to Inspection