Four-Unit Quadplex with
New
For Sale
$595,000
1690 Bramble Place, Redding, CA 96002
Residential Income, Redding, CA
Property Size3,600 SF
Price / SF$165.28
Days on Market3
Property Features for 1690 Bramble Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
NOT AVAILABLE
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 7, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 8
Parking features
Off Street, Assigned
Directions
From Hartnell go south on Victor, then west on Bramble Pl. It will be the first 4-plex on the right.
Subdivision
02 - NE Redding
Standard status
Active
APN
068-470-017-000
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
coin-operated laundry room
private storage for each unit
off-street parking
Building Details
Year built
1983
Floors in Building
2
Number of units
4
Building materials
Wood Siding
Listing Agency:
Josh Barker Real Estate · RE/MAX International
(530) 222-3800
Listed By:
Erik Kloth · License #01800298
(530) 598-8969
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 13 at 5:06AM
MLS# 26-4894
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.
Built in 1983, this four-unit quadplex offers a consistent two-bedroom, one-bathroom layout across approximately 900 sq. ft. per residence. The property is fully leased and includes wood siding, forced-air heating, central air, assigned off-street parking, and separate private storage for each unit. A coin-operated laundry room serves the building.
The property is positioned in East Redding between Hwy 44 and I-5, with shopping, schools, dining, and everyday services nearby. It is also outside a high fire hazard area, a location characteristic that may support insurance availability and costs.
The property is positioned in East Redding between Hwy 44 and I-5, with shopping, schools, dining, and everyday services nearby. It is also outside a high fire hazard area, a location characteristic that may support insurance availability and costs.
Key Highlights
- Fully leased four‑unit quadplex
- Each unit has 2 bedrooms, 1 bathroom, and approximately 900 sq. ft.
- Coin‑operated laundry room on the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,791
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$855,820
$855.8K
Cap Rate 7%
$611,300
$611.3K
Cap Rate 9%
$475,456
$475.5K
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$64.4K $17.88/SF
− Vacancy
−$3.2K −$0.90/SF
EGI
$61.1K $16.98/SF
− OpEx
−$18.3K −$5.09/SF
NOI
$42.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$855,820
Cap Rate 7%
$611,300
Cap Rate 9%
$475,456
Alternative Uses
Best Use
Multifamily LT 5
$611.3K
$534.9K – $713.2K
NOI $42,791 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$562.5K
$492.2K – $656.3K
NOI $39,376 @ 7.0% cap · market cap 6.62%
Theoretical Best
Specialty Retail
$801.5K
$701.3K – $935.1K
NOI $56,104 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 96002, CA
35,158
Population
13,685
Households
2.6
Avg Household Size
39
Median Age
22%
College-Educated
93%
High-School Grad
30.6 sq mi
ZIP Area
1,149
Density / Sq Mi
$74,230
Median Household Income
$40,454
Median Earnings
$1,281
Median Rent
$347,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased quadplex with private storage, shared coin laundry, assigned off-street parking, and central air.
Where is this quadplex located?
The property is located at 1690 Bramble Place Redding, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Fully leased four‑unit quadplex; Each unit has 2 bedrooms, 1 bathroom, and approximately 900 sq. ft.; Coin‑operated laundry room on the property
