25-Unit Townhome-Style
New
For Sale
$7,900,000
1497 Trudie Trail, Redding, CA 96003
Three- and four-bedroom residences include attached garages and a townhome-style layout.
Property Size46,340 SF
Lot Size2.23 Acres
Price / SF$170.48
Days on Market2
Property Features for 1497 Trudie Trail
General Information
Standard status
Active
Size
46,340 SF
Lot size
2.23 Acres
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$422,567
Financials
Asking Price
$7,900,000
Cap Rate
5.35%
Additional Details
Multifamily Units
25
Amenities
Newer 2011 construction, in excellent condition, with pitched composite roofs, enclosed garage parking, and superior quality of craftsmanship.
Eight separate parcels allowing for superior residential financing, and potential individual sale of parcels.
Extremely attractive $170 per square foot pricing far superior to recent surrounding home and residential sales. Current 5.35% CAP Rate and 12.50 GRM.
Incredible location walking distance to major retail and commerce and with easy access to Interstate 5 and State Route 44.
$95,535 Average Household Income in the City of Redding.
Large enclosed garages, Private Backyards, Separately Metered for Gas & Electric.
Building Details
Building Size
46,340 SF
Year Built
2011
Units
25
Listing Agency:
Marcus & Millichap - San Francisco
Listed By:
Jon Holmquist · License #License(s): CA: 01257479
(415) 625-2117
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - San Francisco
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Investment Insights
Based on property information with market context.
This 25-unit multifamily property in Redding has a townhome-style configuration and was built in 2011. The residences offer three- and four-bedroom layouts, with attached garages. The community contains 46,340 square feet on a 2.23-acre site.
Occupancy is 96%, and the reported going-in capitalization rate is 5.35%.
Occupancy is 96%, and the reported going-in capitalization rate is 5.35%.
Key Highlights
- 25‑unit townhome‑style multifamily property
- Built in 2011
- 46,340 square feet on a 2.23‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$506,860
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,137,200
$10.1M
Cap Rate 7%
$7,240,857
$7.2M
Cap Rate 9%
$5,631,778
$5.6M
Market Conditions
NOI Build-Up for 46,340 SF
Gross rent
$973.1K $21.00/SF
− Vacancy
−$51.6K −$1.11/SF
EGI
$921.6K $19.89/SF
− OpEx
−$414.7K −$8.95/SF
NOI
$506.9K $10.94/SF
Area
Shasta County, CA
Vacancy
5.30%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,137,200
Cap Rate 7%
$7,240,857
Cap Rate 9%
$5,631,778
Alternative Uses
Best Use
Apartment 5plus
$7.24M
$6.34M – $8.45M
NOI $506,860 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.32M
$9.03M – $12.04M
NOI $722,181 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
25
Residential units
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 96003, CA
45,185
Population
19,873
Households
2.3
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
111.2 sq mi
ZIP Area
406
Density / Sq Mi
$71,801
Median Household Income
$39,295
Median Earnings
$1,402
Median Rent
$370,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three- and four-bedroom residences include attached garages and a townhome-style layout.
Where is this apartment building located?
The property is located at 1497 Trudie Trail Redding, CA.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: 25‑unit townhome‑style multifamily property; Built in 2011; 46,340 square feet on a 2.23‑acre site
