$4,550,000
Red Bluff, CA 96080
MLS# 24-4968
Status: Closed
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Property Description
Palm Royale Apartments is a 47-unit vibrant community located within the city of Red Bluff, California. With 22 two bedroom / one bathroom apartments, 24 one bedroom /one bathroom apartments, and 1 three bedroom &/three bathroom single family home, this asset offers a diverse mix of multifamily products over 12 single story buildings all on one well-maintained and manicured parcel. Built in 1972, the property has been extensively upgraded and remodeled over the years, most recently with all new electrical panels installed in every unit last year.
Details
Address Information
Street Suffix: Road
Cross Street: S Jackson St
Street Number: 705
Street Name: Kimball
State/Province: CA
Postal Code: 96080
County: Tehama
Property Description
Property Sub Type: Residential Income
List Price: 4700000
Parcel Number: 035-022-002
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
Current Price: $4,550,000
Area: 70 - NW Red Bluff
Subdivision: N/A
Year Built: 1972
Remarks
Public Remarks: Palm Royale Apartments is a 47-unit vibrant community located within the city of Red Bluff, California. With 22 two bedroom / one bathroom apartments, 24 one bedroom /one bathroom apartments, and 1 three bedroom &/three bathroom single family home, this asset offers a diverse mix of multifamily products over 12 single story buildings all on one well-maintained and manicured parcel. Built in 1972, the property has been extensively upgraded and remodeled over the years, most recently with all new electrical panels installed in every unit last year.
Directions: From I-5, take S Main Street Exit, south on Montgomery road to west on Kimball Road. Located between Meeter Elementary School and S Jackson St.
Contract Information
Listing Contract Date: 2024-11-25
Status: Closed
List Date: 2024-11-25
Sold Date: 2025-01-31
Under Contract Date: 2024-12-02
Sold Price: $4,550,000
Unit Type
5 or More: 1
Complex: 1
Sub Zoning
Conforming: 1
Parking
Off Street: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
3 + Bedroom: 1
Miscellaneous
Laundry in Complex: 1
All Units Include
Air Conditioner: 1
Some Units Include
Balcony/Deck: 1
Heating
Electric: 1
Available Terms
All Cash to Seller: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Conventional: 1
Owner Expenses
Water: 1
Garbage: 1
Sewer: 1
Tenant Expenses
Electric: 1
Property Features
Unit Type: 5 or More; Complex
Sub Zoning: Conforming
Parking: Off Street; Off Street
Unit Description: 1 Bedroom; 2 Bedroom; 3 + Bedroom
All Units Include: Air Conditioner
Some Units Include: Balcony/Deck
Heating: Electric
Miscellaneous: Laundry in Complex
Owner Expenses: Garbage; Sewer; Water
Tenant Expenses: Electric
Available Terms: All Cash to Seller; Cash to New Loan
Possession: Close of Escrow
Photo: Agent Upload
Selling Terms: Conventional
IDX
Listing Office: Capital Rivers Commercial
Co Office Name: Capital Rivers Commercial
Co Listing Agent: Tyler Jardine
Last Updated: February - 04 - 2025
Information deemed reliable but not guaranteed.