NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.64 Acre Lot

Sale Details

Date Sold: August 4, 2023

Last sale price $800,000

6 Days on Market

About This Home

As of August 2023

Prime Investment Opportunity! a well maintained 7-unit apartment building in Redding. Each spacious unit boasts 2 bedrooms, 1 bath, and central HVAC, and each unit comes with a convenient 1-car attached garage. With a excellent gross income of over $75,000 per year with a 6.18% CAP rate, this property provides a lucrative return on investment. PLUS there's upside potential with ample room for rent increases in the coming years, which can increase profits without the need of adding more capital investment. Whether you're a seasoned investor or just starting your real estate journey, this opportunity is not to be missed. Seize the chance to secure a prosperous future.

Last Agent to Sell the Property

Nick Kerley

Realty 110, Inc. License #01332465 Listed on: 06/09/2023

Last Buyer's Agent

Eric Huber

Property Upsurge, Inc. License #01523116

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.64

Parking

  • Off-Street Parking

Home Design

Listing and Financial Details

  • Assessor Parcel Number 049-120-021-000

Property Details

Home Type

Multi-Family

Lot Details

0.64 Acres

Listing Details

  • Directions: HWY 273 to Bransetter go West.
  • Prop. Type: Residential Income
  • Subdivision Name: N/A
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Garage/Parking

  • Parking Features: Off Street
  • ParkingOffStreet: Yes

Lot Info

  • Parcel #: 049-120-021-000
  • Lot Dimensions: 27,878
  • Zoning Description: NOT AVAILABLE

Rental Info

  • Owner Pays: Water, Garbage

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2025
Sold by
Bought by

Purchase Details

Closed on
Nov 13, 2023
Sold by
Bought by

Purchase Details

Listed on
Jun 9, 2023
Closed on
Aug 7, 2023
Sold by
Bought by
Seller's Agent
Nick Kerley
Realty 110, Inc.
Buyer's Agent
Eric Huber
Property Upsurge, Inc.
List Price
$799,000
Sold Price
$800,000
Premium/Discount to List
$1,000
0.13%
Views
89

Purchase Details

Listed on
Apr 20, 2016
Closed on
Jul 20, 2016
Sold by
Bought by
Seller's Agent
Stormy Anne
NorCal Real Estate Services
Buyer's Agent
Debbie Webb
Coldwell Banker Select Real Estate - Redding
List Price
$650,000
Sold Price
$632,000
Premium/Discount to List
-$18,000
-2.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.41%

Purchase Details

Closed on
Mar 27, 2008
Sold by
Bought by

Purchase Details

Closed on
May 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
5.84%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$560,000 Fidelity National Title Compan
$800,000 Fidelity National Title Compan
$632,000 Fidelity Natl Title Co Of Ca
$548,000 Fidelity Natl Title Co Of Ca
$550,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $412,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/04/2023 08/04/23 Sold $800,000 +0.1% --
06/15/2023 06/15/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $799,000 +26.4% --
07/26/2016 07/26/16 Sold $632,000 -2.8% -- View Prior Sale
06/15/2016 06/15/16 Pending -- -- --
04/19/2016 04/19/16 For Sale $650,000 -- --
Source: Shasta Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,579 $832,320 $130,050 $702,270
2025 $8,459 $816,000 $127,500 $688,500
2024 $7,501 $800,000 $125,000 $675,000
2023 $7,501 $705,004 $83,662 $621,342
2022 $7,376 $691,181 $82,022 $609,159
2021 $7,342 $677,629 $80,414 $597,215
2020 $7,440 $670,682 $79,590 $591,092
2019 $7,063 $657,532 $78,030 $579,502
2018 $7,129 $644,640 $76,500 $568,140
2017 $7,092 $632,000 $75,000 $557,000
2016 $3,705 $330,000 $65,000 $265,000
2015 $3,549 $315,000 $60,000 $255,000
2014 $3,594 $315,000 $60,000 $255,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Shasta Association of REALTORS®

MLS Number: 23-2238

Shasta Association of REALTORS®
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