2230 El Reno LN, Redding, CA 96001
2230 El Reno LN, Redding, CA 96001
2230 El Reno LN, Redding, CA 96001
2230 El Reno LN, Redding, CA 96001
2230 El Reno LN, Redding, CA 96001
2230 El Reno LN, Redding, CA 96001
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Listed by Nick Kerley • Realty 110, Inc.
$ 1,050,000
Est. payment | /mo

Save
$ 1,050,000
Est. payment | /mo
Save

Key Details

Property Type Single Family Home

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26-854

Year Built 1945

Property Sub-Type Residential Income

Source Shasta Association of REALTORS®

Property 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.

Location

State CA

County Shasta

Direction Westside Road to El Reno. Property is on the right

Interior

Cooling Window, Evaporative, Heat Pump

Exterior

Parking Features Off Street, On Street

Building

Story 1

Level or Stories 1.0

Others

Senior Community No

Tax ID 108-100-006-000

Ownership Seller

Acceptable Financing 1031 Required, All Cash to Seller, Cash to New Loan, Subj to Inspection

Listing Terms 1031 Required, All Cash to Seller, Cash to New Loan, Subj to Inspection

Nearby Locations

Karlee Coleman

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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2230 El Reno LN