120 Masonic Ave Redding, CA 96003-2520
Property profile & analytics
120 Masonic Ave Redding, CA 96003-2520
- Apartment buildings
- 4,768 SF
- 0.19 lot acres
Property ID
US09-5320666
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Flavors of India / Restaurant
Property Details for 120 Masonic Ave
- Year built
- 1977
- Construction
- WOOD
- Lot size
- 0.19 lot acres
- Property size
- 4,768 SF
- Property type
- Apartment buildings
- APN
- 113-410-021-000
- APU
- 113410021000
Description
This exceptional 5-unit apartment building, located at 120 Masonic Ave in Redding, CA, presents a compelling investment opportunity. Built in 1977 and extensively renovated in 2023, this two-story property boasts 4,768 square feet on a 0.19-acre lot (APN: 113410021000). Currently operating at 100% occupancy, the property generates a strong NOI of $43,441, yielding a 6.11% cap rate based on the $711,000 asking price. Recent upgrades include a brand-new roof, fresh exterior paint, and the complete replacement of all HVAC systems with energy-efficient mini-splits. The property features a mix of unit sizes, including a desirable three-bedroom, two-and-a-half-bathroom unit, and includes a laundry room generating supplemental income averaging $3,000 annually. Unit 5 has undergone a full interior remodel. Below-market rents offer significant upside potential. The property's prime location near Bethel School/Church, Simpson University, and Shasta College ensures consistent tenant demand and proximity to shopping and transportation. The General Commercial (GC) zoning provides flexibility for future uses. Annual expenses, including a maintenance reserve, are approximately $27,875. Current gross monthly rent is $5,943. This is a turnkey investment ready for immediate income generation.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $730,000
- ML approach
- $605,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $870,000
- 6.5%
- $800,000
- 7%
- $745,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $630,000
Market price range: $266k - $1.12M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Redding
- County
- Shasta
- State
- California
- Longitude
- -122.381
- Latitude
- 40.6092
- CBSA code
- 39820
- CBSA name
- REDDING, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,094
$106,120
$353,768
$459,888
-
$0.00
$0.00
$0.00
