California
Redding
1071-1079 Market Street

$585,000

1071-1079 Market Street, Redding, CA 96001

3,918 sqft

Commercial Property
Built in 1925
7,841sqft lot
—— car garage
$149/sqft
Listed 3 months ago

Property Description

This 3,918 SF mixed-use building features two leased residential apartments on the upper level—one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit with a bonus room—as well as two ground-floor commercial spaces currently leased on a month-to-month basis at below-market rents. Ideal for an owner-user or investor, you can occupy one or both commercial units for your business while generating income from the remaining leased spaces. Each of the four units is separately metered for electricity. Annual gross rental income is $56,880, with a Gross Rent Multiplier (GRM) of 10.28. Note: This property is also listed under MLS 25-969

Listing Status:: Pending
Date Added:: March 10, 2025 at 05:00AM
Listing Office:: Cox Real Estate Consultants, INC. : 1 530-245-4600
Listing Agent:: Jessica Whitlow : 530-605-5169
MLS ID:: 25-939

This listing courtesy of Jessica Whitlow, Cox Real Estate Consultants, INC.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Shasta Collegiate Academy

2200 Eureka Way, Redding, CA, 96001

Grades 9-12

0.63 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.