704/706 State Street Redding, CA 96001
MULTI_FAMILY - Redding, CA
Property Features for 704/706 State Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4
- Standard status
- Active
- APN
- 104-350-036-000
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1934
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Stucco
Listing agent Faith Barrett License #02057240 (530) 339-1788
Listing office Real Brokerage Technologies 1420 Kettner Blvd. #100, La Mesa, CA (855) 450-0442
Listing date Jul 8, 2026
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.
The newer back home also offers 2 bedrooms and 1 bathroom, with approximately 719 square feet, a single-car garage, and central heat and air. It features a spacious fenced backyard.
The two separate residences provide a practical setup for an owner seeking two income-producing units on a shared lot.
Key Highlights
- Two homes on one lot, providing flexible living and rental income potential
- Front home: 2 bed, 1 bath plus bonus room, with an attached 2‑car carport and approx. 812 sq ft
- Front home recent updates include new interior/exterior paint, flooring, windows, water heater, and an updated tiled‑shower bath
Local 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 | $27.4k | $17.88 |
| − Vacancy | −$1.4k | −$0.90 |
| EGI | $26.0k | $16.98 |
| − OpEx | −$7.8k | −$5.09 |
| NOI | $18.2k | $11.89 |