NOT LISTED FOR SALE

1410 Victor Ave Redding, CA 96003

Studio
-- Bath
8,287 Sq Ft
35,284 Sq Ft

Last Sold June 30, 2022

Last sale price $1,760,005 $212 Per Sq Ft

14 Days on Market

About This Home

As of June 2022

100% Leased Investment - 5 year modified gross lease to private school. 6.25% Cap Rate. The property was improved for the school in 1986 and offers programs from age 2 to age 12. The property consists of two parcels and is improved with a former residential tri-plex that is now used for housing and classrooms. The second parcel is improved with the main building that is 4,534 square feet. Corner location with easy access to all of Redding. The tenant has a superb reputation in the community and has been in operation at this site since 1986. DO NOT DISTURB TENANT OR VISIT PROPERTY WITHOUT CONTACTING BROKER.

Last Agent to Sell the Property

Ryan Haedrich

Haedrich & Co., Inc. Listed on: 04/25/2022

Last Buyer's Agent

Amanda Nardo

Seasons Real Estate, Inc. License #01880212

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.81 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • Tile Roof
  • Stucco

Listing and Financial Details

  • Assessor Parcel Number 071-260-037 and 038

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0.81 Acres

Listing Details

  • Directions: Located on the south west corner of Old Alturas and Victor.
  • Prop. Type: Investment
  • RoofTile: Yes
  • Year Built: 1986
  • Lot Size Acres: 0.81
  • Utilities Sewer: Yes
  • Utilities Telephone: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roof: Tile
  • Construction Type: Stucco

Garage/Parking

  • Parking Features: Off Street
  • ParkingOffStreet: Yes

Lot Info

  • Parcel #: 071-260-037 and 038
  • Lot Size Sq Ft: 35283.0
  • ResoLotSizeUnits: Square Feet
  • Zoning Description: RED - RM - Multiple Family Districts
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2022
Closed on
Jun 27, 2022
Sold by
Shady Oaks Llc
Bought by
Schoenhofer Donald R and Schoenhofer Stacey S
Seller's Agent
Ryan Haedrich
Haedrich & Co., Inc.
Buyer's Agent
Amanda Nardo
Seasons Real Estate, Inc.
List Price
$1,875,000
Sold Price
$1,760,005
Premium/Discount to List
-$114,995
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,005
Outstanding Balance
$441,419
Interest Rate
5.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 27, 2017
Sold by
Kaut Thomas D
Bought by
Shady Oaks Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2007
Sold by
Kaut Thomas Derrell
Bought by
Kaut Thomas D and The Thomas Kaut Revocable Trust
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Schoenhofer Donald R $1,716,500 Fidelity National Title
Shady Oaks Llc $500,000 Fidelity National Title Co
Kaut Thomas D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schoenhofer Donald R $466,005
Previous Owner Shady Oaks Llc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2022 06/30/22 Sold $1,760,005 -6.1% $212 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $1,875,000 -- $226 / Sq Ft
Source: Shasta Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,094 $1,023,003 $132,651 $890,352
2024 $10,584 $1,002,945 $130,050 $872,895
2023 $10,584 $950,640 $127,500 $823,140
2022 $5,968 $536,099 $107,219 $428,880
2021 $5,768 $525,588 $105,117 $420,471
2020 $5,744 $520,200 $104,040 $416,160
2019 $5,699 $510,000 $102,000 $408,000
2018 $5,635 $500,000 $100,000 $400,000
2017 $3,805 $321,808 $42,016 $279,792
2016 $3,609 $319,706 $41,193 $278,513
2015 $3,624 $318,824 $40,575 $278,249
2014 $3,652 $317,317 $39,781 $277,536
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Ryan Haedrich

    Haedrich & Co., Inc.

  • A

    Buyer's Agent in 2022

    Amanda Nardo

    Seasons Real Estate, Inc.

    (530) 355-2664

    37 Total Sales

    Amanda Nardo
    Section Image

  • R

    Buyer's Agent in 2022

    RYAN & AMANDA NARDO

    Randy Byrd

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Map

Source: Shasta Association of REALTORS®

MLS Number: 22-2014

Shasta Association of REALTORS®

APN: 071-260-037-000

California Shasta County Redding 96003

1410 Victor Ave, Redding, CA

Not Listed for Sale

MultiFamily

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