Strong Cash Flow and Upside

Highlights:

• Built in 2010 with up-to date infrastructure
• Incredible unit mix of all 3 Bedroom units
• W/D hook-ups & Central HVAC
• Large lot with sufficient onsite parking.
• Spacious open floor plans, modern kitchens, and ample storage
• Balconies to enjoy the scenic location next to the Sacramento River
• Strong rental demand ideal for investors looking for stable cash flow

Description:

Excellent opportunity for an investor looking for rental upside on a beautiful apartment complex along the Sacramento River.

725-735 Lakeside Drive, Red Bluff features all (9) 3 Bedroom & 2 Bathroom units and (3) Bedroom & 1 Bathroom with spacious layouts between 900 to 1,000 SF, along with two balconies per apartment. The units are laid out perfectly for families or roommates to share the common areas yet still have privacy within their standalone bedrooms. Each bedroom boasts tons of natural lighting through the dual pane windows and sliding glass door leading to their balcony.

The kitchens have an open concept and are equipped with appliances which include refrigerator, dishwashers, disposals, and microwave. The units feature durable premium laminate flooring, dual pane windows, central HVAC, and Washer/Dryer hook-ups with select units having stackable W/D. (6) units have washer and dryer stackable units, the remaining (6) have hookups for resident owned machines. Each apartment features central HVAC along with being separately metered for electric and gas. There's also a large onsite parking lot which was also resealed.

At the moment, 9 out of 12 units are rented, making $10,050 per month (June 2025). One more unit will be rented by July at market rate. The last two units are vacant — one is being finished, and one needs remodeling.

This apartment complex is in a quiet and peaceful neighborhood in Red Bluff, CA — less than 5 minutes from downtown. It is also very close to the Sacramento River, where people can go for walks, fishing, or even take a boat. It is a great place for people who like nature and fresh air.

The Walk Score is 61 and the Bike Score is 53, so it is easy to move around even without a car.

The rental market in Red Bluff is strong, with many people looking for good places to live. Workers, retirees, and small families are attracted to this area because its beautiful location next to the Sac River, easy accessibility from the I5, and walkable commercial amenities.

There are good schools nearby, including: Antelope Elementary School (Grades K–5, rated 7 out of 10), Berrendos Middle School (Grades 6–8, rated 6 out of 10), Red Bluff High School (Grades 9–12, rated 7 out of 10)

Tenants also live close to grocery stores, restaurants, banks, coffee shops, and gyms. That makes Lakeside Apartments a nice option for families and working professionals.

Each tenant pays for their own electricity and gas (separately metered).

The owner pays for water, sewer, garbage, and landscaping.

Water and sewer costs are shared between the two buildings (725 and 735 Lakeside Dr).

Garbage and recycling service is $420.84 per month.

Landscaping is maintained monthly for $400.00.

There is a small electric bill for the common area (about $25.00/month).

The property has central heating and air conditioning in all units.

Built in 2010, this well-maintained 12-unit multifamily property offers a quiet, residential setting near the heart of Red Bluff. Situated on a level parcel with ample frontage along Lakeside Drive, the site features a clean, low-maintenance layout with off-street parking and landscaped surroundings. The location provides convenient access to schools, shopping, and major highways.