3510 Bechelli Ln - Apartments FOR SALE


Redding, CA 96002
$2,100,000 USD
916-204-9804
3510 Bechelli Ln, Redding, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/42
null | 6.02% Cap Rate

3510 Bechelli Ln
Redding, CA 96002


HIGHLIGHTS

  • Desirable Unit Mix Of (12) Two-Bedroom Units, (4) Three-Bedroom Units & A SFR Converted Into A Two- Bedroom Suite Upstairs & (3) 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

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. Link provided for all due diligence: https://www.marcusmillichap.com/properties/167136/deal-room/4e8d410f70b4dd1c

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

17

PRICE/UNIT

$123,529

CAP RATE

6.02%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Club Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

LO

APN/PARCEL ID

070-260-006-000

ASK ABOUT THIS PROPERTY

Isaak HeitzebergMarcus and Millichap Investment ServicesMore Info
916-204-9804

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Isaak HeitzebergMarcus and Millichap Investment ServicesMore Info
916-204-9804

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