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Jenn Smart

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2230 El Reno Ln , Redding, CA 96001
$1,050,000
Est. Payment: $5,317.11/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 134
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Excellent opportunity to acquire a high-performing residential income property featuring 8 detached homes on one parcel. The El Reno Cottages are currently fully occupied and generating over $99,000 in gross annual income, providing a 7.06% CAP rate with strong, consistent cash flow. The property has undergone extensive recent improvements, making it a desirable low-maintenance investment. Updates include newer roofs, updated siding on several units, fresh exterior paint, upgraded interiors, and dual-pane windows. The homes are well maintained and designed for long-term durability while helping keep operating expenses manageable. Each unit offers tenants the privacy and appeal of separate homes rather than traditional apartment units, which has helped support stable occupancy and tenant retention. The property also features low-maintenance landscaping, further reducing ongoing landlord responsibilities. Located in a convenient area with quick access to shopping, schools, parks, and transportation, the property continues to attract steady rental demand. Opportunities to own multiple standalone homes producing strong income on a single parcel are rare, making this a compelling option for investors seeking stable returns and long-term rental demand.

Highlights

Listed by Nick Kerley , 530-242-4114 and Kimberly A Moore , 530-355-2538 Realty 110, Inc. , 1 530-242-4114. Shasta Assoc of REALTORS

Property Type

Multi-Family

Year Built

1945

County

Shasta

Area

04 - SW Redding

Neighborhood

N/A

Listing ID

26-854

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Window,Evaporative,Heat Pump
Fireplaces:

Exterior Features

Parking Features:Off Street,On Street
Principal Interest
$5,317
Taxes
$669

Home Price

$1,050,000

Loan Details

30 yrs
6.514%

Down Payment

20%
$210,000
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Monthly Price:
$5,317.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,317.11 $669.38 $0.00 $5,986.48
Yearly $63,805.29 $8,032.50 $0.00 $71,837.79
Total $1,914,158.78 $240,975.00 $0.00 $2,155,133.78
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Redding, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Shasta Assoc of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-30T06:30:34.000Z

© 2026 Shasta Assoc of REALTORS