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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

Air Conditioning
Dishwasher
Laundry Facilities
Picnic Area
Heating
Grill
Kitchen
Refrigerator
Oven
Range
Carpet
Den

Public Transportation

Commuter Rail	Drive	Walk	Distance
Redding Amtrak (Coast Starlight - Amtrak)	5 min	-	3.8 mi
Airport	Drive	Walk	Distance
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

2351 Victor Ave Redding, CA 96002