TURN-KEY with an incredible investment return of 8% CAP Rate & over $49,000 in gross annual income.! Exceptional property offering 3 INCOME STREAMS with little to no maintenance and VERY LOW landlord expenses! This unique TRI-PLEX includes a spacious single-family home and a freshly RENOVATED Duplex, perfect for extended family or CASH FLOW. The single-family home has a open floor plan, featuring 3 generously sized bedrooms, a spacious bathroom, indoor laundry, private backyard & garage, PLUS a newer roof & HVAC. The duplex, meticulously redesigned from the studs, offers brand-new interiors and exteriors, complete with new Kitchens, New Bathrooms, New Floors, New Appliances, NEW AC units & a NEW roof. Don't miss this rare opportunity!
Sold for $485,000
Tax assessed value
$485,000
2962 Lanning Ave, Redding, CA 96001
--beds
--baths
--sqft
Multi Family
Built in 1943
-- sqft lot
$488,700 Zestimate®
$--/sqft
$1,552 Estimated rent
Home value
$488,700
$459,000 - $518,000
$1,552/mo
Zestimate® history
Owner options
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$3,037/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Nick Kerley 530-242-4114,
Realty 110, Inc.,
Kimberly A Moore 530-355-2538,
Realty 110, Inc.
Bought with:
Estephanie A Feeney, DRE #02198861
Shasta Sotheby's International Realty
Source: SMLS,MLS#: 24-2229
Facts & features
Interior
Features
- Has basement: No
Property
Parking
- Parking features: Off Street, On Street
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 10,454 Square Feet
- Dimensions: 10,454
Details
- Parcel number: 104230028000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1943
Community & HOA
Location
- Region: Redding
Financial & listing details
- Tax assessed value: $485,000
- Annual tax amount: $5,091
- Date on market: 5/21/2024
- Listing terms: Cash,FHA/VA
- Ownership: Seller
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2024 | Sold | $485,000-2% |
Source:  SMLS #24-2229 Report a problem | ||
| 7/28/2024 | Contingent | $495,000 |
Source: SMLS #24-2229 Report a problem | ||
| 7/17/2024 | Price change | $495,000-0.8% |
Source: SMLS #24-2229 Report a problem | ||
| 7/10/2024 | Listed for sale | $499,000 |
Source: SMLS #24-2229 Report a problem | ||
| 7/3/2024 | Contingent | $499,000 |
Source: SMLS #24-2229 Report a problem | ||
| 5/21/2024 | Listed for sale | $499,000+90.1% |
Source: SMLS #24-2229 Report a problem | ||
| 9/29/2023 | Sold | $262,500-21.1% |
Source: SMLS #23-2922 Report a problem | ||
| 7/22/2023 | Listed for sale | $332,500+99.7% |
Source: SMLS #23-2922 Report a problem | ||
| 9/25/2020 | Sold | $166,500+0.9% |
Source: SMLS #18-3628 Report a problem | ||
| 3/18/2019 | Listing removed | $165,000 |
Source: Coldwell Banker C&C Properties #18-3628 Report a problem | ||
| 3/10/2019 | Pending sale | $165,000 |
Source: Coldwell Banker C&C Properties #18-3628 Report a problem | ||
| 3/6/2019 | Price change | $165,000-17.1% |
Source: Coldwell Banker C&C Properties #18-3628 Report a problem | ||
| 1/25/2019 | Price change | $199,000-5.2% |
Source: Coldwell Banker C&C Properties #18-3628 Report a problem | ||
| 11/24/2018 | Price change | $210,000-6.7% |
Source: Coldwell Banker C&C Properties #18-3628 Report a problem | ||
| 6/22/2018 | Listed for sale | $225,000 |
Source: COLDWELL BANKER C&C PROPERTIES #18-3628 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,091 +81.9% | $485,000 +84.8% |
| 2024 | $2,799 +49.3% | $262,500 +51.5% |
| 2023 | $1,875 +1.7% | $173,226 +2% |
| 2022 | $1,844 +0.5% | $169,830 +2% |
| 2021 | $1,834 -25% | $166,500 -23.8% |
| 2020 | $2,445 +5.3% | $218,484 +2% |
| 2019 | $2,322 -16.4% | $214,200 -14.3% |
| 2018 | $2,778 +0.5% | $249,900 +2% |
| 2017 | $2,763 +3.3% | $245,001 +2% |
| 2016 | $2,676 +1.3% | $240,198 +1.5% |
| 2015 | $2,642 | $236,591 |
Find assessor info on the county website
Neighborhood: 96001
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Nearby schools
GreatSchools rating
- 4/10Juniper SchoolGrades: K-8Distance: 0.4 mi
- 9/10Shasta High SchoolGrades: 9-12Distance: 1.9 mi
- 5/10Sequoia Middle SchoolGrades: 4-8Distance: 1.1 mi
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$488,700
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$498,474
- California
- Shasta County
- Redding
- 96001
- 2962 Lanning Ave
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