2962 Lanning Ave

Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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!

Property Details for 2962 Lanning Avenue

Subdivision Name
N/A
LISTING UPDATED: 11/27/2024 11:00 PM

Property Details for 2962 Lanning Avenue

StatusClosed
MLS #24-2229
Days on Compass101
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1943
Lot Size0.24 AC / 10,454 SF
CountyShasta County

Location

Listing Courtesy of Realty 110, Inc., Nick R Kerley, DRE #01332465; Realty 110, Inc., Kimberly A Moore, DRE #02059831

Sold By Shasta Sotheby's International Realty, Estephanie A Feeney, DRE #02198861

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Building Information for 2962 Lanning Avenue

Stories1Residences-Year Built1943Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$2,788 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,364

Property Taxes

$424

HOA Dues

$0

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Property Information for 2962 Lanning Avenue

Summary
Location and General Information
  • Cross Street: Grange Street
  • M L SArea Major: 04 - SW Redding
  • Remarks : Directions: Parkview to Lanning
  • Address Info : City: Redding
  • State Or Province: CA
  • Postal Code: 96001
  • County Or Parish: Shasta
  • Latitude: 40.568511
  • Longitude: -122.385816
  • Property Description : Zoning: NOT AVAILABLE
  • Address Information : Cross Street2: Grange Street
Parking
  • Parking : # Spaces Garage: 1
  • Parking : Off Street: Yes
  • Parking Features: Off Street, On Street
  • Unit 1 : Parking6: Garage/Off Street
Taxes and HOA Information
  • Association Fee: $.00
  • Parcel Number: 104-230-028-000
Property
Lot Information
  • Listing Agreement: Exclusive Right to Sell
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 10,454
  • Lot Size Square Feet: 0.0
  • Property Description : Lot Dim or Acres: 10,454
Property and Assessments
  • Approval Status: Yes
  • Ownership: Seller
  • Property Description : Type: Residential Income
  • Property Description : Year Built Desc: 30+
Interior and Exterior Features
Interior Features
  • Stories: 1
  • Total Bathrooms Source: MLS
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Property Description : Stories2: 1
  • All Units Include : Washer Dryer: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 0
  • Unit Description : 1 Bedroom: Yes
  • Unit Description : 3 Bedroom: Yes
  • Unit Type : Triplex: Yes
Unit Information
  • Unit 1 : # Baths6: 1
  • Unit 1 : # Bedrooms: 3.0
  • Unit 1 : Lease5: 1 Year
  • Unit 1 : Remarks7: House
  • Unit 1 : Rent: $1,750.00
  • Unit 1 : Sq Ft: 1362.0
  • Unit 1 : Sq Ft: 1362.0
  • Unit 2 : # Baths5: 1
  • Unit 2 : # Bedrooms2: 1.0
  • Unit 2 : Lease6: 1 Year
  • Unit 2 : Rent2: $1,175.00
  • Unit 3 : # Baths4: 1
  • Unit 3 : # Bedrooms3: 1.0
  • Unit 3 : Lease7: 1 year
  • Unit 3 : Rent3: $1,175.00
Rental
Rental Information
  • Ownership : Seller2: Yes
  • Possession : Lease3: Yes
  • Existing Rntl Terms : Lease2: 2
  • Existing Rntl Terms : Written Lease: Yes

Property History for 2962 Lanning Avenue

DateEvent & SourcePriceAppreciation
Aug 29, 2024

Sold

Shasta Association of REALTORS #24-2229

$485,000
Aug 29, 2024

Pending

Shasta Association of REALTORS #24-2229

Aug 26, 2024

Sold (Public Record)

Public Record #1540065603

$485,000

+31.3% / yr

Jul 27, 2024

Contingent - Show

Shasta Association of REALTORS #24-2229

Jul 17, 2024

Price Change

Shasta Association of REALTORS #24-2229

$495,000
May 21, 2024

Listed (Active)

Shasta Association of REALTORS #24-2229

$499,000
Sep 29, 2023

Sold

Shasta Association of REALTORS #23-2922

$262,500
Aug 18, 2023

Pending

Shasta Association of REALTORS #23-2922

Jul 21, 2023

Listed (Active)

Shasta Association of REALTORS #23-2922

$332,500
Sep 25, 2020

Sold

Shasta Association of REALTORS #18-3628

$165,500
Sep 22, 2020

Sold (Public Record)

Public Record #680028568

$166,500
Mar 10, 2019

Pending

Shasta Association of REALTORS #18-3628

Jun 22, 2018

Listed (Active)

Shasta Association of REALTORS #18-3628

$225,000
DateEvent & SourcePrice
08/29/2024

Sold

Shasta Association of REALTORS #24-2229

$485,000
08/29/2024

Pending

Shasta Association of REALTORS #24-2229

08/26/2024

Sold (Public Record)

Public Record #1540065603

$485,000

+31.3% / yr

07/27/2024

Contingent - Show

Shasta Association of REALTORS #24-2229

07/17/2024

Price Change

Shasta Association of REALTORS #24-2229

$495,000
05/21/2024

Listed (Active)

Shasta Association of REALTORS #24-2229

$499,000
09/29/2023

Sold

Shasta Association of REALTORS #23-2922

$262,500
08/18/2023

Pending

Shasta Association of REALTORS #23-2922

07/21/2023

Listed (Active)

Shasta Association of REALTORS #23-2922

$332,500
09/25/2020

Sold

Shasta Association of REALTORS #18-3628

$165,500
09/22/2020

Sold (Public Record)

Public Record #680028568

$166,500
03/10/2019

Pending

Shasta Association of REALTORS #18-3628

06/22/2018

Listed (Active)

Shasta Association of REALTORS #18-3628

$225,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2962 Lanning Avenue

Taxable ValueLand$80,000Additions$405,000Total$485,000
Tax Record2025$5,091 ($424 / month)
Home Facts
Baths2Total Finished SqFt1,362 SqFtAbove Grade Finished SqFt1,362 SqFtStories1Lot Size10,454 SqFtStyleDuplexYear Built1943CountySHASTAAPN104-230-028-000

Schools near 2962 Lanning Avenue

This home is within Redding Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 4 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Juniper School
PublicK to 8

Sequoia Middle School
Public4 to 8

Shasta High School
Public9 to 12

Shasta Charter Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty 110, Inc., Nick R Kerley, DRE #01332465; Realty 110, Inc., Kimberly A Moore, DRE #02059831

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.