NOT LISTED FOR SALE

1314 Olive Ave Redding, CA 96001

Magnolia Neighborhood
1 Bed
1 Bath
432 Sq Ft
1950 Built

Last Sold March 15, 2024

Last sale price $550,000 $1,273 Per Sq Ft

24 Days on Market

Highlights

  • Central Air
  • Shasta High School Rated A
  • Wood Siding

About This Home

As of March 2024

Thoroughly renovated triplex in the heart of West Redding just 5 mins from both major hospitals. Currently generating $48,000 in annual gross income with unfurnished units and long-term tenants. Renovations include a new roof, new windows & mini-splits throughout, complete interior & exterior paint, as well as brand new nu-flo sewer lines from the units all the way to the street. Higher-end design features include: luxury vinyl plank floors, brand new Meek's cabinets, corian countertops, counter-to-ceiling tile backsplash, new stainless steel appliances, plus recessed lighting throughout.

Last Agent to Sell the Property

Daniel Miller: Realtor

Upward Realty License #01782607 Listed on: 01/19/2024

Last Buyer's Agent

DANIEL MILLER

SUMMIT REALTY GROUP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Parking

  • Off-Street Parking

Home Design

  • Wood Siding

Utilities

  • Central Air

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 105-130-005-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Directions: From Hwy 44 & I-5, head West on Hwy 44 into downtown Redding. Stay on hwy 44 as it turns into shasta st. downtown. Turn L on Olive St. Property is on the right.
  • Prop. Type: Residential Income
  • Year Built: 1950
  • Existing Rntl Terms Written Lease: Yes
  • Financial Info Cap Rate: 6.0
  • Financial Info Complete Package: No
  • Ownership: Seller
  • Subdivision Name: N/A
  • FinancialInfoNetIncome: 41500.0
  • FinancialInfoOperatingExpenses: 6500.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: Assigned, Off Street, On Street
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking:Assigned: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Parcel #: 105-130-005-000
  • Zoning Description: NOT AVAILABLE

Rental Info

  • Owner Pays: Electric, Insurance, Water, Bldg/Grnds Mnt, Real Estate Tax

Multi Family

  • Number Of Units Total: 3
  • Insurance Expense: 163.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2024 03/15/24 Sold $550,000 -8.2% $1,273 / Sq Ft
02/13/2024 02/13/24 Pending -- -- --
01/19/2024 01/19/24 For Sale $599,000 +299.3% $1,387 / Sq Ft
10/08/2021 10/08/21 Sold $150,000 -14.3% $347 / Sq Ft View Prior Sale
09/02/2021 09/02/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $175,000 -- $405 / Sq Ft
Source: Shasta Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Daniel Miller: Realtor

    Upward Realty

    (530) 351-5555

    4 in this area

    106 Total Sales

    Daniel Miller: Realtor
    Section Image

  • D

    Buyer's Agent in 2024

    DANIEL MILLER

    SUMMIT REALTY GROUP

  • D

    Seller's Agent in 2021

    Dennis Crabill

    Domke Real Estate Professionals, Inc.

See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 24-341

Shasta Association of REALTORS®

APN: 105-130-05

California Shasta County Redding 96001 Magnolia

1314 Olive Ave, Redding, CA

Not Listed for Sale

MultiFamily

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