Investment Overview

1497 Trudie Trail is a 25-unit townhome-style multifamily investment opportunity located in Redding, California. Built in 2011, 1497 Trudie Trail offers a desirable residential profile featuring spacious three- and four- bedroom layouts totaling 46,340 square feet across a 2.23-acre site. The property is offered at $7,900,000, representing an attractive basis of $316,000 per unit and $170 per square foot. With an average unit size of approximately 1,854 square feet and attached garages, the community provides a unique housing alternative that combines the privacy and functionality of single-family living with the operational efficiencies of multifamily ownership. The property is currently 96% occupied and generates in-place Net Operating Income of $422,567, reflecting a 5.35% going-in capitalization rate. Current rents remain approximately 4% below estimated market levels, creating a clear opportunity for revenue growth through lease-up, organic rent increases, and continued management optimization. Upon stabilization, the property is projected to achieve a Pro Forma NOI of $443,153 and a 5.61% market capitalization rate, supported by increased rental collections and improved operating performance. Strategically located in Redding, 1497 Trudie Trail benefits from strong demand for larger-format rental housing supported by the area's growing residential appeal and limited supply of comparable townhome-style communities. The property's modern construction, family-oriented unit mix, attached garages, and low-maintenance design position it to attract long-term residents seeking quality housing options. With immediate rental upside, a strong physical profile, and an attractive basis, the asset presents an opportunity to acquire a well-maintained multifamily community with meaningful potential for future value creation.