2230 El Reno Lane, Redding, CA 96001
Local realty services provided by:Better Homes and Gardens Real Estate Results
2230 El Reno Lane,Redding, CA 96001
$1,050,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: nick kerley, kimberly a moore
Office: realty 110, inc.
MLS#:26-854
Source:CA_SAR
Price summary
- Price:$1,050,000
About this home
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....
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Home facts
- Year built:1945
- Listing ID #:26-854
- Added:86 day(s) ago
- Updated:May 30, 2026 at 02:36 PM
Heating and cooling
- Cooling:Evaporative, Heat Pump, Window
Structure and exterior
- Year built:1945
Finances and disclosures
- Price:$1,050,000
Parking
- Parking description:Off Street, On Street
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