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2351 Victor Ave
Redding, CA 96002

$5,450,000 USD

Apartments For Sale  •  34,560 SF

Property Details

  • Property Type Apartments
  • Total Building Size 34,560 SF
  • Lot Size 2.08 AC
  • Building Class C
  • Year Built 1976
  • Cap Rate 6.55 %
  • Zoning RM-12
23 Transit Score
54 Walk Score

Highlights

Pride of Ownership Asset Under the Same Family Ownership for the Last 20 Years.
6.55% Day One Cap Rate Underwritten to a Realistic 41% Expense Load.
Fully Occupied Rent Roll and Waiting List Highlight the Property’s Strong Market Demand.
Large One and Two Bedroom Units, Each Featuring a Den and Private Garage.
2 Acre Gated Community Featuring Onsite Laundry, Pool, and Multiple Picnic Areas.
Over 65% of the Interiors Have Been Thoughtfully Renovated with Wood Kitchen Cabinetry, New Appliances, and Durable Laminate Plank Flooring.

Financial Summary (Actual)

Net Operating Income: $356,780 USD (2025)
Cap Rate: 6.55 %
Total Expenses: $250,996 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Controlled Access
  • Courtyard
  • Dishwasher
  • Disposal
  • Fenced Lot
  • Laundry Facilities
  • Picnic Area
  • Pool
  • Property Manager on Site
  • Security System
  • Storage Space
  • Gated
  • Video Patrol
  • Heating
  • Grill
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Carpet
  • Wi-Fi
  • Online Services
  • Sundeck
  • Den
  • Double Pane Windows
  • Freezer
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
7 min - 3.7 mi
AirportDriveWalkDistance
Redding Regional 9 min - 6.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 41
Type: Surface
Included in Rent: Yes
Isaac Merritt 530-401-1885 ALIVE Commercial Real Estate
Isaac Merritt 530-401-1885 ALIVE Commercial Real Estate