2176 Placer Street

Redding, CA 96001

$985,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Seize the opportunity to own a distinctive multi-family property in the vibrant heart of downtown Redding. Perfectly situated at the corner of Placer and Magnolia, this property features four turnkey apartments with covered parking and a charming 3-bedroom, 1-bathroom house. Whether you live in the house while renting out the apartments, or lease all units for maximum cash flow, this property offers exceptional flexibility and potential. Completely updated inside and out, it boasts new windows, a...Seize the opportunity to own a distinctive multi-family property in the vibrant heart of downtown Redding. Perfectly situated at the corner of Placer and Magnolia, this property features four turnkey apartments with covered parking and a charming 3-bedroom, 1-bathroom house. Whether you live in the house while renting out the apartments, or lease all units for maximum cash flow, this property offers exceptional flexibility and potential. Completely updated inside and out, it boasts new windows, a roof just recently installed on the apartments, and stylish modern finishes. Currently fully occupied with a 13.5 GRM. This property delivers a solid performance. This is a prime investment opportunity you won't want to miss.
  1. Listed by Kelly Campbell • DRE #1393701 • Waterman Real Estate
    P: (530)-227-0553 C: (530)-227-0553 kellysellsredding@gmail.com

Property Details for 2176 Placer Street

Subdivision Name
N/A
LISTING UPDATED: 11/26/2024 01:55 PM

Property Details for 2176 Placer Street

StatusActive
MLS #24-2345
Days on Compass184
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1936
Lot Size0.21 AC / 9,148 SF
CountyShasta County

Building Information for 2176 Placer Street

Stories2Residences-Year Built1936Building Size-Lot Size0.21 AC / 9,148 SF

Property Information for 2176 Placer Street

Summary
Location and General Information
  • Cross Street: Magnolia
  • M L SArea Major: 04 - SW Redding
  • Remarks : Directions: Corner of Placer and Magnolia.
  • Address Info : City: Redding
  • State Or Province: CA
  • Postal Code: 96001
  • County Or Parish: Shasta
  • Latitude: 40.58004
  • Longitude: -122.400416
  • Property Description : Zoning: NOT AVAILABLE
  • Address Information : Cross Street2: Magnolia
Parking
  • Parking : Carport: Yes
  • Parking : Off Street: Yes
  • Parking Features: Off Street, On Street
  • Carport: Yes
Taxes and HOA Information
  • Association Fee: $.00
  • Parcel Number: 105-340-009-000
Property
Lot Information
  • Listing Agreement: Exclusive Right to Sell
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 9,148
  • Lot Size Square Feet: 0.0
  • Property Description : Lot Dim or Acres: 9,148
Property and Assessments
  • Approval Status: Yes
  • Ownership: Seller
  • Property Description : Type: Residential Income
  • Property Description : Year Built Desc: Unknown
Utilities
  • Cooling : Evaporative: Yes
Interior and Exterior Features
Exterior Features
  • Exterior : Stucco: Yes
  • Some Units Include : Patio2: Yes
  • Cooling : Central2: Yes
  • Construction Materials: Stucco
Interior Features
  • Cooling: Central Air, Evaporative Cooling
  • 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
  • Some Units Include : Fireplace2: Yes
  • Heating : Forced Air: Yes
  • Some Units Include : Balcony Deck2: 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
Unit Information
  • Unit 1 : # Baths6: 1
  • Unit 1 : # Bedrooms: 3.0
  • Unit 1 : Rent: $1,850.00
  • Unit 2 : # Baths5: 1
  • Unit 2 : # Bedrooms2: 2.0
  • Unit 2 : Rent2: $1,050.00
  • Unit 3 : # Baths4: 1
  • Unit 3 : # Bedrooms3: 3.0
  • Unit 3 : Rent3: $1,295.00
  • Unit 4 : # Baths3: 1
  • Unit 4 : # Bedrooms4: 1.0
  • Unit 4 : Rent4: $950.00
  • Unit 5 : # Baths2: 1.0
  • Unit 5 : # Bedrooms5: 1.0
  • Unit 5 : Rent5: $950.00
Rental
Rental Information
  • Ownership : Seller2: Yes

Property History for 2176 Placer Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2176 Placer Street

Taxable ValueLand$153,000Additions$790,500Total$943,500
Tax Record2024$9,941 ($828 / month)
Home Facts
Baths5Total Finished SqFt1,390 SqFtAbove Grade Finished SqFt1,390 SqFtStories1Lot Size9,147 SqFtStyleMulti-Family Res (5+ Units)Year Built1936CountySHASTAAPN105-340-009-000Fireplace TypeHas Fireplace

Schools near 2176 Placer Street

This home is within Redding Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 4 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Cypress Elementary School
PublicK to 5

Sequoia Middle School
Public4 to 8

Shasta High School
Public9 to 12

University Preparatory School
Charter6 to 12

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.

Similar Homes

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2176 Placer Street is a multi-family home for sale in Redding, CA 96001. This property was listed for sale on May 27, 2024 by Waterman Real Estate, it's currently listed at $985,000. It has been on the market for a total of 184 days and was last sold on June 29, 2023. This listing's school districts are Redding Elementary School District, Shasta Union High School District. Nearby schools include Cypress Elementary School, Sequoia Middle School and Shasta High School. 2176 Placer Street is a 0-bed, 0-bath, multi-family home built in 1936.

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Listing Courtesy of Waterman Real Estate, Kelly Campbell, DRE #1393701

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.