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3260 Alexander Dr
Redding, CA 96002

$3,250,000 USD

Apartments For Sale • 18,048 SF

Property Details

Property Type Apartments
Total Building Size 18,049 SF
Lot Size 1.07 AC
Building Class C
Year Built 1972
Cap Rate 6.39 %

30 Transit Score

40 Walk Score

                
                    Highlights
                
                                Well maintained property held under the same family ownership for over 23 years.
                            
                                Spacious two- and three-bedroom units offering functional layouts that appeal to families and long-term tenants.
                            
                                Situated within a peaceful cul-de-sac location.
                            
                                Offering a compelling 6.39% day-one cap rate, conservatively underwritten with a 40% expense ratio.
                            
                                Three on-site laundry facilities, a dedicated picnic area, and a large parcel with ample parking.
                            
                                Current rents are approximately 14% below market, presenting a clear opportunity to drive revenue through rent increases and natural tenant turnover.

Financial Summary (Actual)

Net Operating Income: $207,647 USD (2025)

Cap Rate:	6.39 %
Total Expenses:	$139,211 USD

Amenities

Air Conditioning
Heating
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Yard
Vinyl Flooring

Public Transportation

Commuter Rail	Drive	Walk	Distance
Redding Amtrak (Coast Starlight - Amtrak)	8 min	-	4.7 mi
Airport	Drive	Walk	Distance
Redding Regional	11 min	-	6.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Spencer Moyer 858-922-4181 ALIVE Commercial Real Estate

3260 Alexander Dr Redding, CA 96002