1597 Bruce Dr - Apartments FOR SALE


Anderson, CA 96007
$3,800,000 USD
916-204-9804
1597 Bruce Dr, Anderson, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

1597 Bruce Dr
Anderson, CA 96007


OVERVIEW

The Heitzeberg Group of Marcus & Millichap is pleased to present Park Village Apartments, a compelling value-add investment opportunity located in Anderson, CA - just 10 miles or approximately 15 minutes south of Redding. This well-positioned asset offers investors the chance to capitalize on significant upside potential through under-market rents in a growing submarket of Shasta County. The property features a diverse and well-balanced unit mix consisting of 7 three-bedroom units, 24 two-bedroom units, and 9 one bedroom units, spread across a spacious 2.5-acre lot. Anderson benefits from its proximity to Redding, the largest city in Shasta County with a population of around 92,000. Redding serves as a regional hub in Northern California, located approximately 150 miles north of Sacramento. Its strategic location near the Sacramento and Keswick Rivers, as well as outdoor destinations like Shasta-Trinity National Forest and Lassen Volcanic National Park, makes it a magnet for both residents and tourists. The local economy is supported by key employers such as Shasta Regional Medical Center and the Redding School District, with additional growth driven by tourism and outdoor recreation. This economic diversity enhances the stability and long-term appeal of multifamily investments in the region. Priced at just $95,000 per unit, Park Village Apartments offers a clear path to increased returns through rent optimization and unit renovations. This is a rare opportunity to acquire a well-located, value-add producing asset with substantial upside in Northern California.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

40

PRICE/UNIT

$95,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

-

APN/PARCEL ID

202-600-014-000

ASK ABOUT THIS PROPERTY

Isaak HeitzebergMarcus and Millichap Investment ServicesMore Info
916-204-9804

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Isaak HeitzebergMarcus and Millichap Investment ServicesMore Info
916-204-9804

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.