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Multifamily

Country Club Apartments

3510 Bechelli Ln, Redding, CA 96002

Listing Price: $2,100,000

Cap Rate
6.02%
Number of Units
17
GRM
7.64
Occupancy
97.0%
Price/Unit
$123,529
Price/Gross SF
$133.64
Gross SF
15,714

Investment Overview

Marcus & Millichap is proud to present the exclusive sale of Country Club Apartments in Redding, CA, which is conveniently located near Highway 5. This charming community features twelve (12) two-bedrooms and four (4) three-bedrooms apartments, along with a recently converted single-family residence that now hosts three executive offices on the lower level and a spacious 2-bedroom suite upstairs, completed in 2023. Residents can enjoy a range of amenities, including a refreshing swimming pool, convenient onsite laundry facilities, and carport parking, with select units offering garages. Since 2020, the property has undergone significant capital improvements, including the installation of new HVAC split systems in select units and thoughtful renovations to select apartments, enhancing both comfort and aesthetics.

With a population of around 92,000, Redding is the largest city in Shasta County and a key regional hub in Northern California. Located approximately 150 miles north of Sacramento at the northern end of the Sacramento Valley, the city is positioned near the confluence of the Sacramento and Keswick Rivers. Its strategic location makes it a gateway to outdoor recreational areas like Shasta-Trinity National Forest and Lassen Volcanic National Park, which are popular for activities such as hiking and boating.

The city’s economy is diverse, with significant employment provided by Shasta Regional Medical Center and the Redding School District. Additionally, Redding has a growing presence in tourism and outdoor recreation, leveraging its proximity to attractions like Shasta Lake and the Trinity Alps. This blend of economic activities and natural beauty underscores Redding's role as both a residential and tourist destination in Northern California.

Investment Highlights

  • Desirable Unit Mix Of Twelve (12) Two-Bedroom Units, Four (4) Three-Bedroom Units and A Single Family Residence Converted Into A Two-Bedroom Suite Upstairs & Three Executive Offices Downstairs
  • Convenient Location: Situated Near Highway 5 In Redding, CA, Providing Easy Access To Major Routes And Local Amenities
  • Attractive Amenities: Includes A Swimming Pool, On-Site Laundry Facilities, And Carport Parking With Additional Parking Options Available
  • Affordable Living: Provides Cost-Effective Housing Solutions With Well- Maintained Facilities In A Desirable Location

Exclusively Listed By

Multifamily

Country Club Apartments

Listing Price: $2,100,000

Cap Rate
6.02%
Number of Units
17
GRM
7.64
Occupancy
97.0%
Price/Unit
$123,529
Price/Gross SF
$133.64
Gross SF
15,714

Investment Highlights

  • Desirable Unit Mix Of Twelve (12) Two-Bedroom Units, Four (4) Three-Bedroom Units and A Single Family Residence Converted Into A Two-Bedroom Suite Upstairs & Three Executive Offices Downstairs
  • Convenient Location: Situated Near Highway 5 In Redding, CA, Providing Easy Access To Major Routes And Local Amenities
  • Attractive Amenities: Includes A Swimming Pool, On-Site Laundry Facilities, And Carport Parking With Additional Parking Options Available
  • Affordable Living: Provides Cost-Effective Housing Solutions With Well- Maintained Facilities In A Desirable Location

Investment Overview

Marcus & Millichap is proud to present the exclusive sale of Country Club Apartments in Redding, CA, which is conveniently located near Highway 5. This charming community features twelve (12) two-bedrooms and four (4) three-bedrooms apartments, along with a recently converted single-family residence that now hosts three executive offices on the lower level and a spacious 2-bedroom suite upstairs, completed in 2023. Residents can enjoy a range of amenities, including a refreshing swimming pool, convenient onsite laundry facilities, and carport parking, with select units offering garages. Since 2020, the property has undergone significant capital improvements, including the installation of new HVAC split systems in select units and thoughtful renovations to select apartments, enhancing both comfort and aesthetics. With a population of around 92,000, Redding is the largest city in Shasta County and a key regional hub in Northern California. Located approximately 150 miles north of Sacramento at the northern end of the Sacramento Valley, the city is positioned near the confluence of the Sacramento and Keswick Rivers. Its strategic location makes it a gateway to outdoor recreational areas like Shasta-Trinity National Forest and Lassen Volcanic National Park, which are popular for activities such as hiking and boating. The city’s economy is diverse, with significant employment provided by Shasta Regional Medical Center and the Redding School District. Additionally, Redding has a growing presence in tourism and outdoor recreation, leveraging its proximity to attractions like Shasta Lake and the Trinity Alps. This blend of economic activities and natural beauty underscores Redding's role as both a residential and tourist destination in Northern California.

Exclusively Listed By

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