Building Details

Buildings 2

Units 2

Listing Agency: California Outdoor Properties

Listed By: Donna Utterback · License #01199200 Show Phone

Source: Crexi

Added: May 20, 2024 Changed: Oct 8 Last Checked: Oct 14 at 10:57PM

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Investment Insights

Based on property information with market context.

This duplex property comprises two buildings with four rental homes. Each side measures 1,370 square feet and includes three bedrooms, two bathrooms, a laundry room, and a one-car garage. Interior updates include remodeled kitchens and bathrooms, new flooring, fixtures, and windows, while the exteriors have been freshly painted. Monitor heaters and wall A/C serve all units, and the laundry areas provide freestanding sinks with washer and dryer hookups.

A separate 22-by-30-foot shop adds functional storage space and includes a concrete floor, roll-up door, and side entrance. The property is located at 45258-B Hwy 299 in McArthur, on the eastbound side just beyond Lee Road.

Key Highlights

• Four rental homes across two duplex buildings
• Each side measures 1,370 SF with 3 bedrooms and 2 bathrooms
• Remodeled kitchens, baths, flooring, fixtures, and windows

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,284

Cap Rate

3.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$325,680 $325.7K

Cap Rate 7%

$232,629 $232.6K

Cap Rate 9%

$180,933 $180.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,370 SF

Gross rent

$24.5K $17.88/SF

− Vacancy

−$1.2K −$0.90/SF

EGI

$23.3K $16.98/SF

− OpEx

−$7.0K −$5.09/SF

NOI

$16.3K $11.89/SF

Area

Shasta County, CA

Vacancy

5.03%

Lease Rate

$17.88 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$325,680

Cap Rate 7%

$232,629

Cap Rate 9%

$180,933

Alternative Uses

Best Use

Multifamily LT 5

$232.6K

$203.6K – $271.4K (±1% cap)

NOI $16,284 @ 7.0% cap · market cap 3.10%

Second Best

Apartment 5plus

$214.1K

$187.3K – $249.8K (±1% cap)

NOI $14,985 @ 7.0% cap · market cap 2.85%

Theoretical Best

Specialty Retail

$305.0K

$266.9K – $355.9K (±1% cap)

NOI $21,351 @ 7.0% cap · market cap 4.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Restaurant Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 96056, CA

1,444

Population

916

Households

1.6

Avg Household Size

52

Median Age

33%

College-Educated

97%

High-School Grad

216.1 sq mi

ZIP Area

7

Density / Sq Mi

$88,359

Median Household Income

$41,836

Median Earnings

$411,200

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Four rental homes include garages, laundry areas, and remodeled interiors.

Where is this duplex located?

The property is located at 45258-B HWY 299 McArthur, CA.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Four rental homes across two duplex buildings; Each side measures 1,370 SF with 3 bedrooms and 2 bathrooms; Remodeled kitchens, baths, flooring, fixtures, and windows