1557-1597 Bruce Drive

Anderson, CA 96007

$4,000,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

40 Unit apartment complex for sale in Anderson CA. 10 structures on two parcels housing 9 - one bedroom one bath, 24 - two bedroom one bath, 6 - three bedroom one bath and a 3 bedroom one bath managers unit with separate office. On site laundry. Seasonally operated pool. Owner owned solar feeding mangers unit and laundry. 100% occupied with current gross monthly income of $35,660 ($427,920 yr), Approx. annual expenses of $179,000 presents a cap rate of 6.20%. Currently 60% of rents are below market...40 Unit apartment complex for sale in Anderson CA. 10 structures on two parcels housing 9 - one bedroom one bath, 24 - two bedroom one bath, 6 - three bedroom one bath and a 3 bedroom one bath managers unit with separate office. On site laundry. Seasonally operated pool. Owner owned solar feeding mangers unit and laundry. 100% occupied with current gross monthly income of $35,660 ($427,920 yr), Approx. annual expenses of $179,000 presents a cap rate of 6.20%. Currently 60% of rents are below market rate. Once to market rental rate, gross income would exceed $500,000 yr. Some of the interiors have been remodeled and capital improvement on carports recently started. Great location across from public ball field/park, close to shopping and public transportation.
  1. Listed by Richard A Howe • DRE #02058221 • Better Homes Gardens Real Estate - Results
    P: (530)-949-4895 C: (530)-949-4895 richardhowe67@gmail.com

Property Details for 1557-1597 Bruce Drive

Subdivision Name
N/A
LISTING UPDATED: 10/04/2024 01:57 PM

Property Details for 1557-1597 Bruce Drive

StatusActive
MLS #24-4057
Days on Compass60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1964
Lot Size2.50 AC / 108,900 SF
CountyShasta County

Building Information for 1557-1597 Bruce Drive

Stories2Residences-Year Built1964Building Size-Lot Size2.50 AC / 108,900 SF

Property Information for 1557-1597 Bruce Drive

Summary
Location and General Information
  • Cross Street: Cemetery Rd
  • M L SArea Major: 05 - Anderson
  • Remarks : Directions: Hwy 273 - Bruce St
  • Address Info : City: Anderson
  • State Or Province: CA
  • Postal Code: 96007
  • County Or Parish: Shasta
  • Latitude: 40.441367
  • Longitude: -122.298799
  • Property Description : Zoning: NOT AVAILABLE
  • Address Information : Cross Street2: Cemetery Rd
  • Sub Zoning : Conforming: Yes
Parking
  • Parking : Carport: Yes
  • Parking : Off Street: Yes
  • Parking Features: Assigned, Unassigned, Off Street
  • Carport: Yes
  • Parking : Assigned: Yes
  • Parking : Not Assigned: Yes
Taxes and HOA Information
  • Association Fee: $.00
  • Parcel Number: 202-600-014-000
Property
Lot Information
  • Listing Agreement: Exclusive Right to Sell
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 2.5
  • Lot Size Square Feet: 0.0
  • Property Description : Lot Dim or Acres: 2.5
Property and Assessments
  • Approval Status: Yes
  • Expense Data Source : Owner2: Yes
  • Ownership: Seller
  • Property Description : Type: Residential Income
  • Property Description : Year Built Desc: 30+
Interior and Exterior Features
Exterior Features
  • Some Units Include : Patio2: Yes
  • Exterior : Wood3: Yes
  • Construction Materials: Wood
  • Miscellaneous : Pool: Yes
Interior Features
  • Cooling: Window Unit(s)
  • Stories: 2
  • Total Bathrooms Source: MLS
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Property Description : Stories2: 2
  • Cooling : Window: Yes
  • Heating : Electric4: Yes
  • Miscellaneous : Laundry in Complex2: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 0
  • Unit Description : 1 Bedroom: Yes
  • Unit Description : 2 Bedroom: Yes
  • Unit Description : 3 Bedroom: Yes
  • Unit Type : 5 or More: Yes
Rental
Rental Information
  • Ownership : Seller2: Yes
  • Tenant Expenses : Electric8: Yes
  • Existing Rntl Terms : Month to Month: Yes

Property History for 1557-1597 Bruce Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1557-1597 Bruce Drive

This home is within Cascade Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Anderson Heights Elementary School
PublicK to 5

Anderson Middle School
Public6 to 8

Oakview High (Alternative) School
Public9 to 12

Meadow Lane Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1557-1597 Bruce Drive is a multi-family home for sale in Anderson, CA 96007. This property was listed for sale on September 19, 2024 by Better Homes Gardens Real Estate - Results, it's currently listed at $4,000,000. This listing's school districts are Cascade Union Elementary School District, Anderson Union High School District. Nearby schools include Anderson Heights Elementary School, Anderson Middle School and Oakview High (Alternative) School. 1557-1597 Bruce Drive is a 0-bed, 0-bath, multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Better Homes Gardens Real Estate - Results, Richard A Howe, DRE #02058221

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.