Movoto Real Estate
Search
About Home value Property history Market statistics Schools Neighborhood Places of interest
Sold on 05/19/2025
  • Other
  • Exterior
  • View/Area
  • Kitchen
  • Living
  • Bedroom
  • Bath

120 Masonic Ave, Redding, CA 96003

  • $716,000

    Last sold 05/19/2025 after 314 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
Learn about Redding's top local Real Estate agents

About 120 Masonic Ave

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Rental estimate
Property description
100% occupied 5-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, brand new roof, freshly painted exterior, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,943.00/month ($68,316.00/year), laundry income averaging around $3,000/year, and annual expenses coming in around $27,875/year (including a maintenance reserve), the property provides just over a 6.1% cap rate. Property includes laundry room with laundry income. Unit 5 interior has been fully remodeled and unit 3 is a 2-story 3 bedroom/2.5 bath apartment with indoor laundry. Highlights - 100% occupied 5-plex (with one 3 bedroom/2.5 bath unit) - Below market rents - All HVAC has been replaced throughout with mini-split systems - Unit 5 is fully remodeled - Includes income from onsite laundry - Low maintenance with new roof, new paint, new HVAC, and little landscaping
Listed by
Listing Agent - Chris Haedrich
Listing Office - Capital Rivers Commercial
Source: Shasta Association of REALTORS® mls logo
MLS#24-2993 • last updated 1 year ago
Movoto checked Shasta Association of REALTORS® for data 10 minutes ago
Overview
Levels/Style 2
MLS # 24-2993
SubType Residential Income
Status Closed
Year Built 1977
Interior
Exterior
Parking Off Street
Location
APN 113410021000
Zoning RED - C-2 - Central Commericial District
Directions Well Located Apartment Complex Directly Across Lake Blvd From Raley's Shopping Center. From I-5 Take The HWY 299/Lake Blvd Exit; Head West On Lake Blvd; Turn Left (south) On Masonic Avenue; On Right.
Multifamily Details
Total # of Units 5
Community Information
Area 1 - NW Redding
Rental est.: $1,519/month
Gross rent multiplier: 39.0
  • May 2025
    mls logo MLS # 24-2993
  • May 19, 2025 Sold
    $716,000 (+0.7%)
  • Dec 6, 2024 Pending
    —
  • Aug 5, 2024 Price Change
    $711,000 (-4.7%)
  • Jul 9, 2024 Listed
    $746,000
  • 120 Masonic Ave
    $716K
  • Sulphur Creek Hill
    —
  • 96003
    $434K -3% y/y
  • Redding
    $450K -1% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached

Around Sulphur Creek Hill

Explore everything this neighborhood has to offer. Learn more about Sulphur Creek Hill.
View homes for sale in Sulphur Creek Hill
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Redding, CA

Nearby homes for sale in Redding, CA

Newest listings in 96003

  • Real Estate
  • CA
  • Shasta County
  • Redding
  • 96003
  • Sulphur Creek Hill
  • 120 Masonic Ave
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by Shasta Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
The data relating to real estate for sale on this web site comes in part from the Shasta Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. Properties may or may not be listed by the office/agent presenting the information. ©2026 Shasta Association of REALTORS®. All rights reserved.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.