725-735 Lakeside Dr Red Bluff, CA 96080

This apartment complex, built in 2010, presents an investment opportunity with rental upside. Located at 725-735 Lakeside Drive in Red Bluff, CA, the property consists of two buildings featuring twelve units. Nine units have three bedrooms and two bathrooms, while three units have three bedrooms and one bathroom. The units range from 900 to 1,000 square feet and include two balconies per apartment. The layouts are designed for shared common areas and private bedrooms, with natural light from dual pane windows and sliding glass doors leading to the balconies. Kitchens have an open concept and are equipped with a refrigerator, dishwasher, disposal, and microwave. Units feature premium laminate flooring, dual pane windows, and central HVAC. Six units have stackable washer and dryer units, and the remaining six have hookups for resident-owned machines. Each apartment is separately metered for electric and gas. A large parking lot is available on-site. Nine out of twelve units are currently rented, generating $10,815 per month. The remaining three units are vacant, with one needing appliances and cabinets, and another needing remodeling. The complex is located in a quiet neighborhood near the Sacramento River and downtown Red Bluff. The location offers access to walking paths, fishing, and boating. Local amenities include nearby schools, grocery stores, restaurants, banks, coffee shops, and gyms. The property has a Walk Score of 61 and a Bike Score of 53.