Pending

1021&1015 Lincoln Street

Red Bluff CA, 96080

$340,000


$147.83 per sqft

Pending

5 Beds

3 Baths

2,300 sqft

Residential

Built in 1916

2 HOMES ON 1 LOT. Historic Home and 6 Workshops with swimming pool and detached garage.

Prime Investment Property: Distinctive Early 1900s Victorian Estate with Secondary Home and Historic Workshops

This is a rare opportunity to own a piece of history while securing a high-potential investment. The primary Victorian residence, rich in architectural charm and original details, is complemented by a secondary home built in 1945, offering immediate rental income potential.

Dual Residences for Maximum Income

With two separate homes on one lot, this property allows for flexible living arrangements and immediate rental income. Live in one home and rent out the other, or lease both properties to maximize your returns. Both home are move-in ready and perfect for tenants.

Six historic workshops provide additional revenue opportunities. These versatile spaces can be converted into an ADU, artist studios, or storage, appealing to a wide range of tenants. Their unique character adds significant value and charm, attracting premium rental rates.

Desirable Amenities for Tenants

The in-ground swimming pool and game room enhance the property's appeal, offering recreational options that tenants will love. These amenities increase the property's attractiveness and potential rental income.

Future Potential and Flexibility

This unique estate offers endless investment possibilities. The flexible nature of the property ensures it can adapt to various investment strategies, from short-term rentals to long-term leasing. Take advantage of this rare chance to invest in a truly exceptional property and build a robust investment portfolio.

24-1129

MLS ID

March 20, 2024

Listed

September 3, 2024

Updated

Map

1021&1015 Lincoln Street
Red Bluff CA, 96080

Interior Features

Total Stories

0


Bedrooms

5


Total Bathrooms

3


Full Bathrooms

2


Half Bathrooms

1


Interior Features

Wet Bar, Storage, In-Law Floorplan, High Ceilings


Floor Description

Wood, Tile, Vinyl


Fireplace

Yes


Fireplace Description

Wood Burning Stove


Cooling

Yes


Cooling Description

Evaporative Cooling, Window Unit(s)


Heating

Yes


Heating Description

Electric, Heat Pump, Wood Stove

Exterior/Building Features

Lot Size

0.32 Acres


Lot Features

2 on a Lot, Level, City Lot


Architectual Style

Victorian


Sewer

Sewer, Public Sewer

Other Property Details

Area Name

70 - NW Red Bluff


Days on Market

168


Garage

No


Parking

On Street


View

No


View Description

None


County

Tehama


Water Source

Public


Pool

Yes


Pool Features

Vinyl, In Ground

Listing History

Date

Event

Price

9/3/2024

Pending

6/19/2024

Price change

$340,000

-7%

5/15/2024

Price change

$365,000

-4%

3/30/2024

Price change

$380,000

-10%

Listed by eXp Realty of California, Inc., Nathan W Cross,
Listing Contact:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Magnolia Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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