1040 Gold St Redding, CA 96001
Garden Tract NeighborhoodAbout This Home
As of August 2024Unique Garden Tract investment opportunity in quality location. Currently being offered as a package and prefer to sell concurrently. 7 homes on 2 APN's with potential to add a 14-unit modern apartment complex. Qualified opportunity zone. Gross annual rents $109,080. 1040-1054 Gold is 6 homes on one lot. All are approx. 800 SF, 2bd/1bath w/garage, laundry, fenced yards. Separately metered so tenants pay all their own utilities. Low owner expenses. Newer roofs and windows on all homes. 4 homes have new mini-splits and some recent updating. 2 homes have long-term tenants (10+years) and could command higher rents with some updates. 1110 Gold St is a 2bed/2bath stucco house, 1350 SF, detached garage and large lot with development potential. House was extensively updated in 2012. Current gross rents for the 6 homes on one lot = $90,060/year
($1395/month for the houses that have had light remodeling
$962.50/month for the 2 houses with long term tenants that do not have mini-splits or light remodeling like the others.)
Current pro-forma rent for the single family home at 1110 Gold = $19,200 ($1600/month pro-forma. Actual rent is $1250/month because tenant is a family friend who has done work in exchange for rent)
Last Buyer's Agent
NON MEMBER
Non Member
Property Details
Home Type
- Multi-Family
Home Design
- Stucco
Parking
- Garage
- Off-Street Parking
Community Details
- Garden Tract Subdivision
Listing and Financial Details
- Assessor Parcel Number 102-270-004-000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2024 08/20/24 | Sold | $1,550,000 | -6.1% | -- |
| 05/04/2024 05/04/24 | Pending | -- | -- | -- |
| 03/28/2024 03/28/24 | Price Changed | $1,650,000 | -2.7% | -- |
| 02/12/2024 02/12/24 | Price Changed | $1,695,000 | -5.0% | -- |
| 12/18/2023 12/18/23 | For Sale | $1,785,000 | +251.4% | -- |
| 07/09/2019 07/09/19 | Sold | $508,000 | -9.1% | -- |
| 04/30/2019 04/30/19 | Pending | -- | -- | -- |
| 04/29/2019 04/29/19 | For Sale | $559,000 | -- | -- |
Source: Shasta Association of REALTORS®
MLS Number: 23-4875
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