$1,050,000
Redding, CA 96001
MLS# 26-854
1 / 10
Property Description
Excellent opportunity to acquire a high-performing residential income property featuring 8 detached homes on one parcel. The El Reno Cottages are currently fully occupied and generating over $99,000 in gross annual income, providing a 7.06% CAP rate with strong, consistent cash flow. The property has undergone extensive recent improvements, making it a desirable low-maintenance investment. Updates include newer roofs, updated siding on several units, fresh exterior paint, upgraded interiors, and dual-pane windows. The homes are well maintained and designed for long-term durability while helping keep operating expenses manageable. Each unit offers tenants the privacy and appeal of separate homes rather than traditional apartment units, which has helped support stable occupancy and tenant retention. The property also features low-maintenance landscaping, further reducing ongoing landlord responsibilities. Located in a convenient area with quick access to shopping, schools, parks, and transportation, the property continues to attract steady rental demand. Opportunities to own multiple standalone homes producing strong income on a single parcel are rare, making this a compelling option for investors seeking stable returns and long-term rental demand.
Details
Maps
Documents
Address Information
Street Suffix: Lane
Cross Street: Westside Road
Street Number: 2230
Street Name: El Reno
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Type: Residential Income
List Price: 1050000
Parcel Number: 108-100-006-000
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
Current Price: $1,050,000
Area: 04 - SW Redding
Subdivision: N/A
Year Built: 1945
Remarks
Public Remarks: Excellent opportunity to acquire a high-performing residential income property featuring 8 detached homes on one parcel. The El Reno Cottages are currently fully occupied and generating over $99,000 in gross annual income, providing a 7.06% CAP rate with strong, consistent cash flow.
The property has undergone extensive recent improvements, making it a desirable low-maintenance investment. Updates include newer roofs, updated siding on several units, fresh exterior paint, upgraded interiors, and dual-pane windows. The homes are well maintained and designed for long-term durability while helping keep operating expenses manageable.
Each unit offers tenants the privacy and appeal of separate homes rather than traditional apartment units, which has helped support stable occupancy and tenant retention. The property also features low-maintenance landscaping, further reducing ongoing landlord responsibilities.
Located in a convenient area with quick access to shopping, schools, parks, and transportation, the property continues to attract steady rental demand.
Opportunities to own multiple standalone homes producing strong income on a single parcel are rare, making this a compelling option for investors seeking stable returns and long-term rental demand.
Directions: Westside Road to El Reno. Property is on the right
Contract Information
Listing Contract Date: 2026-03-02
Status: Active
List Date: 2026-03-04
How to Show
SH Sntrilck Bluetooth: No
LBX Notice in Doc's: No
Unit Type
5 or More: 1
Parking
# Spaces Garage: 0
# Spaces Carport: 0
Off Street: 1
On Street: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
3 + Bedroom: 1
Studio: 1
All Units Include
Air Conditioner: 1
Ownership
Seller: 1
Heating
Baseboard: 1
Furnace Wall: 1
Cooling
Evaporative: 1
Heat Pump: 1
Window: 1
Available Terms
1031 Required: 1
All Cash to Seller: 1
Cash to New Loan: 1
Subj to Inspection: 1
Possession
Close of Escrow: 1
Existing Rntl Terms
Month to Month: 1
Unit 1
Unit #: 2210
# Bedrooms: 3
# Baths: 1
Rent: 1250
Unit 2
Unit #: 2212
# Bedrooms: 2
# Baths: 1
Rent: 1045
Unit 3
Unit #: 2220
# Bedrooms: 3
# Baths: 1
Rent: 1250
Unit 4
Unit #: 2226
# Bedrooms: 1
# Baths: 1
Rent: 975
Unit 5
Unit #: 2230
# Bedrooms: 1
# Baths: 1
Rent: 950
Unit 6
Unit #: 2236
# Bedrooms: 0
# Baths: 1
Rent: 950
Unit 7
Unit #: 2240
Bed: 1
Bath: 1
Rent: 95
Unit 8
Unit #: 2246
Bed: 0
Bath: 1
Rent: 900
Property Features
Unit Type: 5 or More
Parking: Off Street; On Street
Unit Description: 1 Bedroom; 2 Bedroom; 3 + Bedroom; Studio
All Units Include: Air Conditioner
Heating: Baseboard; Furnace Wall
Cooling: Evaporative; Heat Pump; Window
Ownership: Seller
Existing Rntl Terms: Month to Month
Available Terms: 1031 Required; All Cash to Seller; Cash to New Loan; Subj to Inspection
Possession: Close of Escrow
Income & Expenses IDX
Listing Office: Realty 110, Inc.
Co Office Name: Realty 110, Inc.
Co Listing Agent: Kimberly Moore
Last Updated: March - 31 - 2026
Information deemed reliable but not guaranteed.
