Single-Story
5574 Mountain View Drive Redding, CA 96003
For Sale
$595,000
MULTI_FAMILY - Redding, CA
Property Size3,299 SF
Price / SF$180.36
Days on Market41
Property Features for 5574 Mountain View Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Rooms
Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 5, Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 8, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 3
Parking features
Guest
Standard status
Active
APN
116-220-007-000
Utilities
Cooling system
Central Air
Building Details
Year built
1979
Floors in Building
1
Building materials
Stucco
Listing Agency:
eXp Realty of California, Inc.
(888) 584-9427
Listed By:
Kevin Rhoderick · License #02006923
(530) 515-3761
Added: Jun 19
Changed: Jul 11
Last Checked: Jul 29 at 2:06PM
MLS# 26-2985
Copyright © 2026 Shasta Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Single-story, slab-on-grade stucco 4-plex offering four separate residences with practical, low-maintenance design. The tenant mix includes three 2BD/1BA units at approximately 757 square feet and one oversized 2BD/2BA unit at 1,028 square feet. The 2BD/2BA unit features in-unit laundry hookups, and a coin-operated community laundry room serves the remaining three units. Each unit includes a fenced private backyard, dedicated carport, individual storage unit, and low-maintenance landscaping.
Set in northeast Redding near churches, schools, and everyday conveniences, the property benefits from a straightforward footprint with no stairs, balconies, or elevated decks, helping minimize maintenance exposure. Two of the four units have been recently renovated; the 2BD/2BA unit received a full refresh including new kitchen cabinets, appliances, countertops, vanities, LVP flooring, and fresh paint. One 2BD/1BA unit was updated with new LVP flooring and paint, while the two remaining units are currently month-to-month at below-market rent.
For buyers and investors, the current gross annual income is $51,552 with a projected stabilized gross of $64,560 once all units are brought to market rent. The combination of renovated units, month-to-month flexibility, and multiple laundry options supports a practical re-lease and improvement approach for an owner-operator or income-focused buyer.
Set in northeast Redding near churches, schools, and everyday conveniences, the property benefits from a straightforward footprint with no stairs, balconies, or elevated decks, helping minimize maintenance exposure. Two of the four units have been recently renovated; the 2BD/2BA unit received a full refresh including new kitchen cabinets, appliances, countertops, vanities, LVP flooring, and fresh paint. One 2BD/1BA unit was updated with new LVP flooring and paint, while the two remaining units are currently month-to-month at below-market rent.
For buyers and investors, the current gross annual income is $51,552 with a projected stabilized gross of $64,560 once all units are brought to market rent. The combination of renovated units, month-to-month flexibility, and multiple laundry options supports a practical re-lease and improvement approach for an owner-operator or income-focused buyer.
Key Highlights
- Single‑story stucco 4‑plex built in 1979 with central air and slab‑on‑grade construction
- Unit mix: three 2BD/1BA units (~757 SF each) plus one oversized 2BD/2BA unit (1,028 SF)
- Income figures: current gross annual income $51,552; projected stabilized gross $64,560 once rents are brought to market
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.0k | $17.88 |
| − Vacancy | −$3.0k | −$0.90 |
| EGI | $56.0k | $16.98 |
| − OpEx | −$16.8k | −$5.09 |
| NOI | $39.2k | $11.89 |
3,299 SF · lease $17.88/SF/yr · vacancy 5.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$560.2K
$490.2K – $653.6K
NOI $39,213 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$515.5K
$451.1K – $601.4K
NOI $36,084 @ 7.0% cap · market cap 6.06%
Theoretical Best
Specialty Retail
$734.5K
$642.7K – $856.9K
NOI $51,413 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four single-story units with private backyards and in-unit laundry hookups, plus community laundry for added income.
Where is this quadplex located?
The property is located at 5574 Mountain View Drive Redding, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Single‑story stucco 4‑plex built in 1979 with central air and slab‑on‑grade construction; Unit mix: three 2BD/1BA units (~757 SF each) plus one oversized 2BD/2BA unit (1,028 SF); Income figures: current gross annual income $51,552; projected stabilized gross $64,560 once rents are brought to market
