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Sold on 03/23/2021

2320 Butte St, Redding, CA 96001

  • $473,000

    Last sold 03/23/2021 for $435K

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 2320 Butte St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
REDDING 4 PLEX 100% Occupied with a 8% CAP RATE - Features: a 3 Bedroom + 1 Bath Home with in-door laundry room that was Built in 2006, Plus another Large 2 Bedroom + 1 Bath Home with in-door laundry room, Plus a duplex with a 2+1 unit & a 1+1 unit. This 1/3 acre lot sits right in the heart of the City's Multimillion Dollar DownTown Revitalization Project. 3 of the 4 units have been updated with either newer roof, newer flooring, newer windows & HVAC systems. The 4th unit has a long term tenant in good standing, and when he moves the house will need some TLC. The future owner can take advantage of this Added Value opportunity. In return the Seller is willing to let this investment property go with an 8% CAP RATE, which is way above today's average return for similar properties. CALL TODAY
Listed by
Listing Agent - Nick R Kerley
Listing Office - Realty 110, Inc.
Source: Shasta Association of REALTORS® mls logo
MLS#20-3450 • last updated 5 years ago
Movoto checked Shasta Association of REALTORS® for data 42 minutes ago
Overview
Cooling/AC Evaporative Cooling, Window Unit(s)
Levels/Style 1
MLS # 20-3450
SubType Residential Income
Status Closed
Year Built 1900
Interior
Exterior
Parking Assigned, Off Street
Location
APN 105-170-009-000
Zoning NOT AVAILABLE
Directions Take Highway 44 West. Proceed Straight Onto Shasta St. Make A Right Onto Willis St. Make A Left Onto Shasta St. Make A Left Onto Magnolia. Make A Right Onto Butte. Property Is On The Right.
Multifamily Details
Community Information
Area 1 - NW Redding
$473K
Range: $397K-$548K
Last 30 days 
Rental est.: $1,446/month
Gross rent multiplier: 25.1
  • Mar 2021
    Public Records
  • Mar 23, 2021 Sold
    $435,000 (+52.6%)
  • Feb 2016
    Public Records
  • Feb 19, 2016 Sold
    $285,000 (+25.3%)
  • Sep 2008
    Public Records
  • Sep 26, 2008 Sold
    $227,500 (-27.8%)
  • Oct 2003
    Public Records
  • Oct 10, 2003 Sold
    $315,000 (+57.5%)
  • Nov 2002
    Public Records
  • Nov 21, 2002 Sold
    $200,000
  • 2320 Butte St
    $435K
  • Magnolia
    $344K -23% y/y
  • 96001
    $464K +3% y/y
  • Redding
    $459K +2% y/y
No chart available
Statistics calculated by Movoto

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7/10
Manzanita Elementary School
public Grades K-5
Redding Elementary School District
5/10
Sequoia Middle School
public Grades 4-8
Redding Elementary School District
9/10
Shasta High School
public Grades 9-12
Shasta Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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