Drew Wahlund & Tom Brown Presents

An Exceptional 38-Unit Multifamily Offering in Northern California

∎

$4,000,000

3140 C Street, Redding

Property Details

∎

Stonewood Apartments is a well-maintained 38-unit multifamily community situated on approximately 1.75 acres in Redding, California. Built in 1981, the property features a desirable mix of one- and two-bedroom units, a manager residence, and six garage spaces. The community demonstrates strong historical occupancy and consistent rental performance. Its balanced unit composition supports reliable tenant demand while the scale of the asset promotes efficient operations. Stonewood provides dependable in-place income with long-term potential for rental growth within an established Northern California housing corridor.

22 × One-Bedroom | 16 × Two-Bedroom | Manager Unit | 6 Garages

Gross Income: $345,642
Total Operating Expenses: $118,508
Expenses include:
Taxes – $22,579
Insurance – $54,707
Maintenance & Repairs – $11,788
Utilities – $29,432

**On-site staff expenses are not included in the figures above, as they were previously paid through payroll. Operating expenses may vary depending on how a new owner chooses to manage and operate the property. All income and expense figures are provided for informational purposes only and must be independently verified by buyer. Seller makes no representations or warranties regarding the accuracy of the financial information and shall not be held liable for any discrepancies**

Click Link Below for Full Rent Roll & Financials

https://drive.google.com/file/d/11NNHM-a9DteaFo86MuuGCdkXtvIMYD-n/view?usp=sharing

Neighborhood

∎

3140 C Street is centrally located within an established residential corridor of Redding, the economic hub of Shasta County. The property benefits from convenient access to Highway 44 and Interstate 5, placing tenants within minutes of major employment centers, including healthcare, retail, education, and government services. Nearby amenities such as shopping, dining, schools, and medical facilities support consistent rental demand. With limited new multifamily development in the area and steady occupancy trends, this location offers stable in-place income potential with long-term appreciation upside in Northern California’s primary regional market.