For sale

$1,000,000

1553 Riverside Dr, Redding, CA 96001

12beds

8baths

--sqft

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Multi Family

Built in 1963

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Off-street parkingOn-site laundry facilities

Incredible multi-family investment opportunity in the heart of Redding! Located directly across from the scenic Sacramento River, 1553 Riverside Drive is an 8-unit multi-family community boasting an exceptional rental history and an unbeatable location. Tenants enjoy effortless access to the Sacramento River Trail system, Caldwell Park, and the vibrant, revitalized Downtown Redding district for shopping and dining. The property features a highly rentable mix of units, on-site laundry facilities, and off-street parking. With strong historical occupancy, low maintenance demands, and clear upside potential in a high-demand rental market, this asset is a powerhouse addition to any real estate portfolio. Do not miss this rare chance to own a prominent multi-family community in a premier location!

5 days

273

11

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 8

Cooling

Has cooling: Yes

Features

Has basement: No

Property

Features

Stories: 1

Details

Parcel number: 101510017000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding

Condition

Year built: 1963

Community & HOA

Location

Region: Redding

Financial & listing details

Date on market: 6/17/2026
Listing terms: Cash
Ownership: Seller

Estimated market value

Not available

Estimated sales range

Not available

$1,273/mo

Price history

Date	Event	Price
6/17/2026	Listed for sale	$1,000,000+48.1%
Source: SMLS #26-2927 Report a problem
1/3/2020	Sold	$675,000
Source: SMLS #19-6436 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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