3420 W Center St - Apartments FOR SALE


Anderson, CA 96007
$1,425,000 USD
530-524-1537
3420 W Center St, Anderson, CA for Sale
$1,425,000 USD
Apartments - FOR SALE
1/11
null | 6.53% Cap Rate

3420 W Center St
Anderson, CA 96007


HIGHLIGHTS

  • Fully occupied with twelve units, including eleven two-bed/one-bath units and one three-bed/one-bath unit in Anderson, CA
  • Gross rental income of approximately $156,000 per year
  • Recent upgrades, including full electrical panel replacement
  • Year Built: 1977 but renovated in 2024

OVERVIEW

This updated multi-family property, built in 1977, consists of eleven (11) two-bedroom/one-bathroom units and one (1) three-bedroom/one-bathroom unit, all fully occupied and generating approximately $157,000 in annual gross rental income. With a cap rate over 6.5%, the property offers consistent returns and long-term investment potential. Located in Anderson, CA, it is within walking distance of local schools and major transportation routes, enhancing its appeal to tenants and investors. Recent upgrades, including full electrical panel replacements, ensure modern functionality and reduced maintenance needs. Situated just south of the Shasta District Fairgrounds, the property is conveniently close to Anderson Middle School, Anderson High School, and Anderson New Technology High School. Its location near Interstate 5 and Highway 273 provides easy access for commuters and residents, further increasing demand. With strong occupancy and attractive income potential, this property is a valuable addition to any portfolio.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$126 USD /SF

# OF UNITS

12

PRICE/UNIT

$118,750

CAP RATE

6.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

28,044 SF

ZONING

-

APN/PARCEL ID

202-220-042-000

ASK ABOUT THIS PROPERTY

Tyler JardineCapital Rivers Commercial - Haedrich GroupMore Info
530-524-1537

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Tyler JardineCapital Rivers Commercial - Haedrich GroupMore Info
530-524-1537

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.