2241 California St
Redding, CA 96001
$279,000
2 bd · 1 ba · 920 sqft · Listed 6d ago
View on Realtor.com →Year built
1939
Sqft
920
Lot sqft
4,356
HOA / mo
$0
Furnished
No
List date
2026-11-06T21:41:18.000000Z
Revenue
Annual revenue
$33,200
ADR
$109
Occupancy
83%
Cleaning fees (12 mo)
$2,718
Confidence
Low (39.63), 17 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $28,127
Sage Pine Suite -Redding Ca.
Place · 2 bd · 1 ba · sleeps 4 · 0.2 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $46,756ADR $168Occ ≈ 76%4.8★ (72)
Fantastic, 2 bedroom cottage in the Garden Tract
House · 2 bd · 1 ba · sleeps 4 · 0.4 mi
- Free parking
- Pets OK
- Wifi
- Kitchen
- +1
Revenue $51,248ADR $175Occ ≈ 80%5★ (73)
Redding Travel Nurse Retreat–few min to Hospitals
House · 2 bd · 1 ba · sleeps 4 · 0.4 mi
Revenue $5,673ADR $90Occ ≈ 17%4.8★ (79)
Delisted
Super Cozy quiet 2/2 home - Mt Lassen Views
House · 2 bd · 2 ba · sleeps 4 · 0.5 mi
- Pool
- A/C
- Free parking
- Wifi
- +4
Revenue $56,494ADR $332Occ ≈ 47%5★ (40)
Garden Bungalow
House · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $9,629ADR $112Occ ≈ 24%4.9★ (312)
Delisted
Stylish 2-Bedroom w/Pool!
House · 2 bd · 1 ba · sleeps 4 · 0.6 mi
- Pool
- A/C
- Free parking
- Wifi
- +3
Revenue $21,341ADR $97Occ ≈ 60%4.8★ (11)
2 bed/1.5 bath townhouse apartment, by hospital
Apartment · 2 bd · 1.5 ba · sleeps 4 · 0.6 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +2
Revenue $25,216ADR $75Occ ≈ 92%5★ (3)
Charming Downtown Home with Outdoor Oasis
House · 2 bd · 1 ba · sleeps 4 · 0.6 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $22,908ADR $82Occ ≈ 77%5★ (8)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Sage Pine Suite -Redding Ca. Place
| 2 bd · 1 ba · sleeps 4 | $46,756 | $168 | 76% | 4.8★ (72) | 0.2 mi | Airbnb |
Gardenia at Evergreen | A Stylish Flat In Downtown Apartment
| 2 bd · 1 ba · sleeps 4 | $44,803 | $219 | 56% | 5★ (27) | 0.3 mi | AirbnbVrboBooking |
Fantastic, 2 bedroom cottage in the Garden Tract House
| 2 bd · 1 ba · sleeps 4 | $51,248 | $175 | 80% | 5★ (73) | 0.4 mi | Airbnb |
Redding Travel Nurse Retreat–few min to Hospitals House | 2 bd · 1 ba · sleeps 4 | $5,673 | $90 | 17% | 4.8★ (79) | 0.4 mi | Delisted |
Super Cozy quiet 2/2 home - Mt Lassen Views House
| 2 bd · 2 ba · sleeps 4 | $56,494 | $332 | 47% | 5★ (40) | 0.5 mi | Airbnb |
Near Downtown, Relaxing, Convenient 2-Bdrm House House
| 2 bd · 1 ba · sleeps 5 | $19,577 | $89 | 60% | 4.8★ (164) | 0.5 mi | AirbnbVrbo |
Garden Bungalow House | 2 bd · 1 ba · sleeps 4 | $9,629 | $112 | 24% | 4.9★ (312) | 0.6 mi | Delisted |
Stylish 2-Bedroom w/Pool! House
| 2 bd · 1 ba · sleeps 4 | $21,341 | $97 | 60% | 4.8★ (11) | 0.6 mi | Airbnb |
2 bed/1.5 bath townhouse apartment, by hospital Apartment
| 2 bd · 1.5 ba · sleeps 4 | $25,216 | $75 | 92% | 5★ (3) | 0.6 mi | Airbnb |
Charming Downtown Home with Outdoor Oasis House
| 2 bd · 1 ba · sleeps 4 | $22,908 | $82 | 77% | 5★ (8) | 0.6 mi | Airbnb |
Show 3 more
Blessings House Bethel Church/RiverTrails
House · 2 bd · 1 ba · sleeps 4 · 0.6 mi
- Free parking
- Pets OK
- Wifi
- Kitchen
- +1
Revenue $36,927ADR $125Occ ≈ 81%5★ (506)
2 Bedrooms w Private Entrance, Kitchen and Bath
Guest suite · 2 bd · 1 ba · sleeps 4 · 0.7 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $28,127ADR $105Occ ≈ 73%—
Modern Downtown Loft
Loft · 2 bd · 1 ba · sleeps 4 · 0.7 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $47,185ADR $169Occ ≈ 76%4.8★ (682)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Blessings House Bethel Church/RiverTrails House
| 2 bd · 1 ba · sleeps 4 | $36,927 | $125 | 81% | 5★ (506) | 0.6 mi | Airbnb |
2 Bedrooms w Private Entrance, Kitchen and Bath Guest suite
| 2 bd · 1 ba · sleeps 4 | $28,127 | $105 | 73% | — | 0.7 mi | Airbnb |
Modern Downtown Loft Loft
| 2 bd · 1 ba · sleeps 4 | $47,185 | $169 | 76% | 4.8★ (682) | 0.7 mi | Airbnb |
Revenue and nightly rate (ADR) are trailing-12-month figures per listing. Occupancy is estimated as revenue ÷ ADR ÷ 365 and can read high when revenue includes cleaning fees.
Cash flow calculator
Rate 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$33,200
NOI
$15,003
Cash flow /mo
-$275
Cash needed
$96,910
Cash-on-cash
-3.4%
ROE (yr 1)
7.1%
Cap rate
5.4%
DSCR
0.82
Year-1 write-off
$89,489
Year-1 tax shield @ 32%
$28,636
Year-1 return on equity
- Cash flow (annual)-$3,300
- Principal paydown$1,772
- Appreciation at%$8,370
Tax savings aren't counted. Turn on “Count tax savings in returns” above if you can use the losses.
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$6,640
- Platform fees (3% of revenue)$996
- Maintenance / capex (5% of revenue)$1,660
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,488
- Insurance (STR-rated)$1,632
Cash needed to close
- Down payment (25%)$69,750
- Closing costs (4.0%)$11,160
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,636
Property tax, insurance rate and the land/building split come from this listing's county tax record; other assumptions match the daily feed (see tasks/plan.md).
The write-off comes from the cost segregation estimate below. Not tax advice.
Cost segregation estimate
An estimate from the listing: every part of the home is priced from national construction costs, less wear for age, and the price (less land) is spread over the parts in proportion. The headline is what a typical cost seg study would claim for this property. The answers below are optional refinements.
Depreciable basis
$234,000
Short-life (5/15-yr)
$73,000 · 31%
Year-1 deduction
$89,000
Year-1 tax shield @ 32%
$29,000
Land 16% (county tax record, assessed value split) · building $161,000 over 39 years · new furniture $16,000
Based on: 920 sq ft, built 1939, 2 bd / 1 ba, unfurnished, listing features (patio, flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $68,000 in year 1 (22% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,400
Kitchen cabinetsdefault
$7,800 new × 40% good × 3.02 allocation
- $7,700
Kitchen countertopsdefault
$6,400 new × 40% good × 3.02 allocation
- $1,900
Decorative trimdefault
$1,600 new × 40% good × 3.02 allocation
- $200
Mirrorsdefault
$200 new × 40% good × 3.02 allocation
- $1,100
Shelvingdefault
$900 new × 40% good × 3.02 allocation
- $2,700
Window coverings (9)default
$2,300 new × 40% good × 3.02 allocation
- $2,400
Carpet, vinyl & laminate (33% of floors)listing
$2,000 new × 40% good × 3.02 allocation
- $7,300
Kitchen & laundry equipment plumbingdefault
$6,100 new × 40% good × 3.02 allocation
- $4,400
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 40% good × 3.02 allocation
- $9,800
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 3.02 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $9,500
Paving: driveway & walks (paved)default
$6,300 new × 50% good × 3.02 allocation
- $9,100
Landscaping (typical)default
$6,000 new × 50% good × 3.02 allocation
- $6,300
Patioslisting
$4,100 new × 50% good × 3.02 allocation
- $1,400
Decks & porches (attached)default
$900 new × 50% good × 3.02 allocation
- $120,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$99,500 new × 40% good × 3.02 allocation
- $12,400
Building plumbing & fixturesdefault
$10,300 new × 40% good × 3.02 allocation
- $10,800
Building electrical & lightingdefault
$8,900 new × 40% good × 3.02 allocation
- $12,500
HVACdefault
$10,400 new × 40% good × 3.02 allocation
- $4,800
Hardwood & tile floorsdefault
$3,900 new × 40% good × 3.02 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $63,100 | $26,300 | $200 | $89,500 |
| 2 | $0 | $0 | $4,100 | $4,100 |
| 3 | $0 | $0 | $4,100 | $4,100 |
| 4 | $0 | $0 | $4,100 | $4,100 |
| 5 | $0 | $0 | $4,100 | $4,100 |
| 6+ | $0 | $0 | $144,000 | $144,000 |
| Total | $63,100 | $26,300 | $160,700 | $250,000 |
The building's share of the price ($234,000) is 3.0x our depreciated replacement cost of the home ($77,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.
Model-based estimate, not an engineered cost segregation study. The IRS doesn’t approve studies; get a professional study before filing. Using these losses against W-2 income needs the short-term rental exception (average stay ≤7 days + material participation). The 39-year building life applies because stays average under 30 days, a separate test (27.5 years for a long-term rental). Federal only: California, Georgia and Wisconsin disallow bonus depreciation, Ohio adds back 5/6 of it, and Tennessee has no personal income tax. Not tax advice.
Market note
Rules differ by jurisdiction. City of Redding caps whole-home vacation rentals at 400 with a 600 ft spacing rule (300 ft with a physical buffer), and its permit is NOT transferable to a new owner. Shasta Lake city and unincorporated Shasta County allow permitted rentals with no cap found, but permits also do not transfer on sale. Lodging tax ~10% plus a 2% tourism assessment in Redding. Verify parcel eligibility with the city or county before you buy.