$4,000,000

Stonewood Apartments is a well-maintained, single-owner complex centrally located within an established residential corridor of Redding, the economic hub of Shasta County. The property consists of 38 units, comprised of 22 one-bedroom, one-bath units and 16 two-bedroom, one-bath units, along with an on-site manager's unit. Additional features include 6 garages, on-site laundry facilities, a community pool, and ample parking for tenants, all contributing to strong tenant appeal and long-term occupancy. 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 one of Northern California's primary regional markets.