3 months on rocket

120 Masonic Ave, Redding, CA, 96003

$711,000

Home List Price

$8,443*

Closing Credit

0 Baths
House

Location

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120 Masonic Ave, Redding$711,000

Buyer Closing Credits

$8,443*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingOff Street
Year Built1977
MLS #24-2993
StatusActive

About 120 Masonic Ave

100% occupied 5-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, brand new roof, freshly painted exterior, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,943.00/month ($68,316.00/year), laundry income averaging around $3,000/year, and annual expenses coming in around $27,875/year (including a maintenance reserve), the property provides just over a 6.1% cap rate. And with Bethel School/Church just 1.8 miles to the east and a new sidewalk & bike path under construction, the property is literally within walking distance to Bethel, Simpson University, and Shasta College, providing a constant supply of quality tenants and high apartment demand. Property includes laundry room with laundry income. Unit 5 interior has been fully remodeled and unit 3 is a 2-story 3 bedroom/2.5 bath apartment with indoor laundry. Highlights - 100% occupied 5-plex (with one 3 bedroom/2.5 bath unit) - Below market rents - All HVAC has been replaced throughout with mini-split systems - Unit 5 is fully remodeled - Includes income from onsite laundry - Low maintenance with new roof, new paint, new HVAC, and little landscaping

Property Details

Property Features

Property Information:

  • Year Built: 1977
  • Stories: 2

Listing Office:

  • Office Name: Capital Rivers Commercial
  • Office Phone: (530) 221-1127
  • Listing Agent: Chris Haedrich

Exterior Features

Parking Information:

  • Parking: Off Street

Other

Directions Information:

  • Directions: Well located apartment complex directly across Lake Blvd from Raley's shopping center. From I-5 take the HWY 299/Lake Blvd exit; head west on Lake Blvd; turn left (south) on Masonic Avenue; on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $711,000

Tax Information:

  • Annual Amount: $3,807
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Redding, CA.

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Redding, CA

City

Med. Sold Price

$395K

Med. Price/SqFt

$247

Avg. Days On Market

78

# of Sold Homes

101

120 Masonic Ave vs Redding

118 DAYS ON ROCKET

+40 Days

$711,000

+$316K More

KEY TAKEAWAY

This property is $316K more than the Median Sold Price in Redding, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Shasta Association of REALTORS®
  • MLS Number: #24-2993

Listing Office:

  • Office Name: Capital Rivers Commercial
  • Office Phone: (530) 221-1127
  • Listing Agent: Chris Haedrich

Broker Reciprocity The listings on this site are displayed courtesy of the IDX program of Shasta Association of REALTORS and may not be the listings of the site owner. All information is deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 8:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 08, 2021Home Sold
$2,635,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,807$341,748
2020$3,674$338,245
2019$3,675$331,614
2018$3,067$325,112
2017$3,067$269,832

History based on county public records data.

Payment Calculator

$3,616

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,198

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1989373
6
/10

  • Cypress Elementary School

  • 2150 Civic Center Dr

  • 2.34 miles

  • Public District Grades KG-5

school-card-donut-1989374
5
/10

  • Manzanita Elementary School

  • 1240 Manzanita Hills Ave

  • 2.56 miles

  • Public District Grades KG-5

school-card-donut-1989375
3
/10

  • Rother Elementary School

  • 795 Hartnell Ave

  • 3.40 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,669. The most common annual income of people living in Redding, CA is less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 120 Masonic Ave

What is the listing price of this property?

The listing price of 120 Masonic Ave property is $711,000.

What type of property is this?

The property 120 Masonic Ave is a house located in Redding, California, 96003.

Is this property for sale now?

Active Listing: 120 Masonic Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,807 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 8, 2021 for $2,635,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 120 Masonic Ave is 1977.

Rocket Homes›California›Shasta County›Redding›96003›120 Masonic Ave

This home is located at 120 Masonic Ave in Redding, CA and zip code 96003 in the North Redding neighborhood. This home was built in 1977. It has been listed on Rocket Homes since July 09, 2024 and is currently priced at $711,000.

While more than 26 listings in Redding, CA in October 2024 were sold above asking price, there were more than 27 listings sold at asking price, and more than 47 were sold below. The number of listings in Redding, CA increased by 5% between September 2024 and October 2024. In October 2024, listings were on the market for 78 days. During the same period, the median list price in this real estate market was $395,000.

From Rocket Homes Real Estate and based on county public records data.

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