$1,050,000
Redding, CA 96003
MLS# 20-5461
Status: Closed
1 / 6
Property Description
HIGH DEMAND LOCATION READY FOR DEVELOPMENT. This 8.04 Acres is Zoned RM12 with a Planned Development Overlay allowing increased density without the need to terrace into the hillside. The approved tentative subdivision map incorporates a total of 64 units (40 duplex units and 6 fourplex units). The engineering work has been completed by Sharrah Dunlap Sawyer. The file includes a construction cost estimate and a mitigated negative environmental declaration. Development can be completed in 3 phases or all at once. This project is located in a high profile area, conveniently located near retail centers, restaurants with easy access to Hwy 44 & I-5. While City Amenities are easily reached, the project offers hillside green space, walking trails, and picnic tables.
Details
Maps
Address Info
Cross Street: Victor
Street Number: 1320, 1358
Street Name: Old Alturas
State/Province: CA
Postal Code: 96003
County: Shasta
Property Description
Property Sub Type: Acres
List Price: 950000
Parcel Number: 071-270-012 & 021
Acres Range: 6 - 10 Acres
GP Zone: RED 10-20 u/a - 10-20 dwelling units per acre
Zoning: RED - RM - Multiple Family Districts
Acres: 8.04
Lot Dim /Lot SqFt: 8.04 Acres
Current Price: $1,050,000
Area: 02 - NE Redding
Subdivision: N/A
Remarks
Public Remarks: HIGH DEMAND LOCATION READY FOR DEVELOPMENT. This 8.04 Acres is Zoned RM12 with a Planned Development Overlay allowing increased density without the need to terrace into the hillside. The approved tentative subdivision map incorporates a total of 64 units (40 duplex units and 6 fourplex units). The engineering work has been completed by Sharrah Dunlap Sawyer. The file includes a construction cost estimate and a mitigated negative environmental declaration. Development can be completed in 3 phases or all at once. This project is located in a high profile area, conveniently located near retail centers, restaurants with easy access to Hwy 44 & I-5. While City Amenities are easily reached, the project offers hillside green space, walking trails, and picnic tables.
Directions: From Downtown Redding take Hwy 44 East, take Victor Exit, head north on Victor to Old Alturas, property is on North side of Old Alturas and Victor intersection.
Type
MULTI: 1
Soil Type
Unknown: 1
Lot Description
City: 1
ID Instructions
Sign: 1
Present Use
Other: 1
Development Status
Raw Land: 1
Tent Map Approval: 1
Topography
Upsloping: 1
Distance to Shopping
1/4 - 1/2 Mile: 1
Distance to Trans
1/4 - 1/2 Mile: 1
Bonds/Misc
No Known: 1
Improvements Req
Curbs: 1
Gutter: 1
Sidewalk: 1
Road Frontage
City: 1
Fence
Barbed: 1
Wood: 1
Water
Available: 1
Waste
Available: 1
Documents Available
Aerial: 1
Building Plans: 1
Brochure: 1
Subdivision Plan: 1
Tentative Map: 1
Utility Availability
All: 1
Addl Utilities Info
Electric: Available
Cable: Available
Phone: Available
Available Terms
Cash: 1
Submit: 1
Gas
Available: 1
Natural: 1
Possession
Close of Escrow: 1
Selling Terms
New Loan: 1
Documents
Plat Map: 1
Contract Information
Sold Price: $1,050,000
Sold Date: 2022-03-28
Under Contract Date: 2021-05-21
Status: Closed
List Date: 2020-11-11
Property Features
Type: MULTI
Soil Type: Unknown
ID Instructions: Sign
Present Use: Other
Development Status: Raw Land; Tent Map Approval
Topography: Upsloping
Distance to Shopping: 1/4 - 1/2 Mile
Distance to Trans: 1/4 - 1/2 Mile
Improvements Req: Curbs; Gutter; Sidewalk
Fence: Barbed; Wood
Documents Available: Aerial; Building Plans; Brochure; Subdivision Plan; Tentative Map
Utility Availability: All
Gas: Available; Natural
Water: Available
Waste: Available
Available Terms: Submit; Cash
Possession: Close of Escrow
Selling Terms: New Loan
Documents: Plat Map
IDX
Listing Office: Northstate Commercial Partners
Co Office Name: Northstate Commercial Partners
Co Listing Agent: Ken Miller
Last Updated: August - 29 - 2024
Information deemed reliable but not guaranteed.