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Image 1 - 2962 Lanning Ave, Redding, California, 96001 - House for sale

Image 2 - 2962 Lanning Ave, Redding, California, 96001 - House for sale

Image 3 - 2962 Lanning Ave, Redding, California, 96001 - House for sale

Image 4 - 2962 Lanning Ave, Redding, California, 96001 - House for sale

Image 5 - 2962 Lanning Ave, Redding, California, 96001 - House for sale

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Image 8 - 2962 Lanning Ave, Redding, California, 96001 - House for sale

Home For Sale In Redding, California

2962 Lanning Ave, Redding, California, 96001

Home For Sale In Redding, California

house for sale

Listed: 05/23/24

2962 Lanning Ave, Redding, California, 96001

3 Bed:

3 Bath:

1,362 Sq Ft Living Area:

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Price

$ 499,000

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About This House

Discover an exceptional property offering 3 income streams with little to no maintenance andVERY LOWlandlord expenses! This uniqueTRI-PLEXincludes 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 and garage, PLUS a newer roof and 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 ACunits and a NEW roof. Don't miss this rare opportunity to own a property that isTURN-KEYwith an incredible investment return of 7.75% CAP Rate and over$49, 000in gross annual income.

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Redding Housing & Living

Household Income

Median household income: $46,389

Number of households: 36,410

The average household income in Redding, CA grew from $44,573 to $46,389 in the past year. This data is an estimate based upon 36,410 households in Redding, CA.
The chart below presents how household income is distributed in Redding, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $2k-$3k

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Redding, CA compared to median property taxes around the country. The prevalent amount of property taxes in Redding, CA equals $2k-$3k , which is less than the national average.