$2,185,000
Redding, CA 96001
MLS# 20-5652
Status: Closed
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Property Description
20 unit apartment complex consisting of two 8-plexes, One tri-plex and a single family home on 3 separate legal parcels. fourteen 2bd. I bath units, one 2/2, four 1/1 and the house is 2/2. Long term tenants, rents are below market rates. Excellent opportunity to increase your cash flow. Currently selling as a package. 1325 Olive, 1407 Olive and 1421/1431 Olive. Rents and financial info under the documents section.
Details
Maps
Address Information
Cross Street: Shasta
Street Number: 1421
Street Name: Olive Ave
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 2413000
Parcel Number: 105-170-005-000
Lot Dim or Acres: 15,682
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 2
Current Price: $2,185,000
Area: 04 - SW Redding
Subdivision: N/A
Remarks
Public Remarks: 20 unit apartment complex consisting of two 8-plexes, One tri-plex and a single family home on 3 separate legal parcels. fourteen 2bd. I bath units, one 2/2, four 1/1 and the house is 2/2. Long term tenants, rents are below market rates. Excellent opportunity to increase your cash flow. Currently selling as a package. 1325 Olive, 1407 Olive and 1421/1431 Olive. Rents and financial info under the documents section.
Directions: Eureka Way to Olive Ave.
Unit Type
5 or More: 1
Complex: 1
Exterior
Stucco: 1
Parking
Carport: 1
Guest: 1
# Spaces Carport: 20
Unit Description
1 Bedroom: 1
2 Bedroom: 1
Miscellaneous
Laundry in Complex: 1
Smoke Detectors: 1
Some Units Include
Patio: 1
Refrigerator: 1
Washer/Dryer: 1
Washer/Dryer Hookups: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Cooling
Central: 1
Available Terms
All Cash to Seller: 1
Cash to New Loan: 1
Owner Carry 1st: 1
Expense Data Source
Owner: 1
Tax Return: 1
Possession
Close of Escrow: 1
Selling Terms
Owner Carry 1st: 1
Contract Information
Status: Closed
List Date: 2020-11-25
Sold Date: 2021-01-14
Under Contract Date: 2020-12-09
Sold Price: $2,185,000
Property Features
Unit Type: 5 or More; Complex
Exterior: Stucco
Parking: Carport; Guest
Unit Description: 1 Bedroom; 2 Bedroom
Some Units Include: Patio; Refrigerator; Washer/Dryer; Washer/Dryer Hookups
Heating: Forced Air
Cooling: Central
Miscellaneous: Laundry in Complex; Smoke Detectors
Ownership: Seller
Expense Data Source: Owner; Tax Return
Available Terms: All Cash to Seller; Cash to New Loan; Owner Carry 1st
Possession: Close of Escrow
Selling Terms: Owner Carry 1st
IDX
Listing Office: Coldwell Banker C&C Properties
Co Office Name: Coldwell Banker C&C Properties
Co Listing Agent: Ray Ault
Last Updated: April - 22 - 2025
Information deemed reliable but not guaranteed.