5574 Mountain View Drive, Redding, CA 96003
- Added:
- Jun 19, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 26 at 9:06 am
Property Features for 5574 Mountain View Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 7, Bedroom 3, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 5, Bedroom 8, Bathroom 1
- Parking features
- Guest
- Standard status
- Active
- APN
- 116-220-007-000
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Building materials
- Stucco
Listing agent Kevin Rhoderick License #2006923 (530) 515-3761
Listing office eXp Realty of California, Inc. 2603 Camino Ramon, Suite 200, San Ramon, CA (888) 584-9427
Listing date Jun 19, 2026
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.
HighLights
- Single‑story 4‑plex built in 1979 with stucco exterior and central air cooling
- Unit mix: three 2BD/1BA units (~757 SF) plus one oversized 2BD/2BA unit (1,028 SF)
- Income: $51,552 current gross annual income; projected stabilized gross $64,560 at market rent
- Laundry: in‑unit laundry hookups in the 2BD/2BA unit plus a coin‑operated community laundry room for the other three units
- Recent renovations: 2BD/2BA unit refreshed with new kitchen cabinets, appliances, countertops, vanities, LVP flooring, and paint
- Each unit includes a fenced private backyard, dedicated carport, and individual storage unit
Overview
Set in northeast Redding near churches, schools, and everyday conveniences, the property benefits from a straightforward footprint with no stairs, balconies, or elevated decks, helping minimize maintenance exposure. Two of the four units have been recently renovated; the 2BD/2BA unit received a full refresh including new kitchen cabinets, appliances, countertops, vanities, LVP flooring, and fresh paint. One 2BD/1BA unit was updated with new LVP flooring and paint, while the two remaining units are currently month-to-month at below-market rent.
For buyers and investors, the current gross annual income is $51,552 with a projected stabilized gross of $64,560 once all units are brought to market rent. The combination of renovated units, month-to-month flexibility, and multiple laundry options supports a practical re-lease and improvement approach for an owner-operator or income-focused buyer.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.0k | $17.88 |
| − Vacancy | −$3.0k | −$0.90 |
| EGI | $56.0k | $16.98 |
| − OpEx | −$16.8k | −$5.09 |
| NOI | $39.2k | $11.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Redding
- County
- Shasta
- State
- California
- Longitude
- -122.36494
- Latitude
- 40.6209
