Search
40-Unit Apartment Building
For Sale
$3,800,000

1597 Bruce Dr, Anderson, CA 96007

Multifamily property with a varied unit mix across a 2.5-acre site near regional employment and services.

Property Size40,000 SF
Lot Size2.50 Acres
Days on Market150

Property Features for 1597 Bruce Dr

General Information

Standard status Active
Size 40,000 SF
Lot size 2.50 Acres
Property subtype Multifamily
Occupancy 96%

Units

Unit Mix 7 x 3BR, 24 x 2BR, 9 x 1BR
Multifamily Units 40

Additional Details

Cap Rate 4.35%

Amenities

Unit Composition: Featuring 7 Three-Bedrooms, 24 Two Bedrooms, and 9 One-Bedrooms; Providing Ideal Layouts For Families Or Long-Term Renters
Strong Rentability: Desirable Unit-Makeup & A Highly Accessible Location, This Property is Positioned For Strong Rental Demand, Offering A Steady Stream Of Income
Attractive Amenities: On-site Laundry, Community Pool, and Ample Covered & On-Site Parking Ensuring Resident Satisfaction
Convenient Location: Located On A 2.5-Acre Lot, Offering A Private Community Feel & Across From Volonte Park

Building Details

Building Size 40,000 SF
Units 40
Listing Agency: Sacramento Office
Listed By: Delaney Whitaker · License #CA: 02252994
Source: Marcusmillichap
Added: Apr 3 Changed: Aug 30 Last Checked: Aug 30 at 6:00AM

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 Sacramento Office

Investment Insights

Based on property information with market context.

Park Village Apartments is a 40-unit multifamily property at 1597 Bruce Dr in Anderson, California. The community occupies 2.5 acres and includes a balanced mix of seven three-bedroom units, 24 two-bedroom units, and nine one-bedroom units. The range of floor plans supports varied household needs within a single apartment community.

The property is positioned approximately 10 miles, or 15 minutes, south of Redding. Redding functions as a regional center in Shasta County, with healthcare, education, tourism, and outdoor recreation contributing to the surrounding economy. Nearby recreational destinations identified for the area include Shasta-Trinity National Forest and Lassen Volcanic National Park.

Key Highlights

  • 40‑unit apartment community on a 2.5‑acre lot
  • Unit mix includes 7 three‑bedroom, 24 two‑bedroom, and 9 one‑bedroom units
  • Located at 1597 Bruce Dr, Anderson, CA 96007

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Garden Center Locksmith Electrical Service (Bike/Boat/Book/etc) Store

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

40
Residential units

Location Intelligence

Trade Area within ½ mile

404
Businesses Nearby

Demographics for 96007, CA

24,056
Population
10,755
Households
2.2
Avg Household Size
42
Median Age
16%
College-Educated
88%
High-School Grad
122.5 sq mi
ZIP Area
196
Density / Sq Mi
$65,000
Median Household Income
$41,148
Median Earnings
$1,037
Median Rent
$284,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with a varied unit mix across a 2.5-acre site near regional employment and services.
Where is this apartment building located?
The property is located at 1597 Bruce Dr Anderson, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 40‑unit apartment community on a 2.5‑acre lot; Unit mix includes 7 three‑bedroom, 24 two‑bedroom, and 9 one‑bedroom units; Located at 1597 Bruce Dr, Anderson, CA 96007
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message