NOT LISTED FOR SALE

2195 Larkspur Ln Redding, CA 96002

Estimated Value: $4,863,540

Studio
-- Bath
14,500 Sq Ft
$335/Sq Ft Est. Value

Last Sold November 01, 2017

Last sale price $3,310,000 $228 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $28,840/month

159 Days on Market

About This Home

As of November 2017

Class A office building located in central Redding. The two story steel frame, brick exterior office building was built in 1998. The professional office building is serviced with an elevator and 93 parking spaces. The building is fully sprinklered. Click more for additional details The subject site is irregular in shape and is approximately 1.73 acres or 75,350 square feet. Access to the site is from Industrial Street to the south and Executive Way to the North. The topography of the site is level with street grade. The site is serviced by City of Redding utilities, including sewer, water, and electricity. Natural gas is provided by PG&E and telephone service is provided by AT&T.

The building is primarily occupied by Academy of Personalized Learning (APL), which occupies the entire first floor and a portion of the second floor. The second tenant is DealerTeam.com and they occupy a smaller professional office on the second floor. The remaining vacant space is located on the second floor and is approximately 3,357 square feet. The leases in place are modified gross, which is typical for the Redding market.

Last Agent to Sell the Property

Ryan Haedrich

Haedrich & Co., Inc. Listed on: 04/05/2017

Last Buyer's Agent

NON MEMBER

Non Member

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1998

Lot Details

  • 1.73 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • Composition Roof
  • Block Exterior

Listing and Financial Details

  • Assessor Parcel Number 107-190-035-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Directions: Located on the north east corner of Industrial and Larkspur Lane.
  • Prop. Type: Investment
  • Year Built: 1998
  • Lot Size Acres: 1.73
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roof: Composition
  • Construction Type: Block

Garage/Parking

  • Parking Features: Off Street
  • ParkingOffStreet: Yes
  • GarageParking:Common: Yes

Lot Info

  • Parcel #: 107-190-035-000
  • Lot Size Sq Ft: 75359.0
  • ResoLotSizeUnits: Square Feet
  • Zoning Description: SC - C-O - Office Commercial Dist
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2024
Sold by
Joe Wong Family Trust and Wong Joseph K
Bought by
Jlw 2023 Irrevocable Trust and Wong
Current Estimated Value
$4,863,540

Purchase Details

Listed on
Apr 5, 2017
Closed on
Oct 31, 2017
Sold by
Wong Joseph K
Bought by
Wong Joseph K
Seller's Agent
Ryan Haedrich
Haedrich & Co., Inc.
Buyer's Agent
NON MEMBER
Non Member
List Price
$3,400,000
Sold Price
$3,310,000
Premium/Discount to List
-$90,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.82%
Original Mortgage
$2,500,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 1999
Sold by
North Valley Bank
Bought by
Morrow Webb B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,720,000
Interest Rate
6.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 9, 1999
Sold by
Johnson William D and Johnson Judith A
Bought by
North Valley Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,720,000
Interest Rate
6.73%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Jlw 2023 Irrevocable Trust -- None Listed On Document
Wong Joseph K $3,310,000 Fidelity National Title Co O
Morrow Webb B -- Fidelity Natl Title Co Of Ca
Morrow Webb B -- Chicago Title Co
North Valley Bank -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wong Joseph K $2,500,000
Previous Owner Morrow Webb B $2,720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2017 11/01/17 Sold $3,310,000 -2.6% $228 / Sq Ft
09/11/2017 09/11/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $3,400,000 -- $234 / Sq Ft
Source: Shasta Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $40,910 $4,692,000 $1,530,000 $3,162,000
2024 $40,345 $3,692,364 $1,115,517 $2,576,847
2023 $40,345 $3,619,966 $1,093,645 $2,526,321
2022 $39,211 $3,548,987 $1,072,201 $2,476,786
2021 $37,880 $3,479,400 $1,051,178 $2,428,222
2020 $18,346 $3,443,724 $1,040,400 $2,403,324
2019 $11,793 $3,376,200 $1,020,000 $2,356,200
2018 $11,411 $3,310,000 $1,000,000 $2,310,000
2017 $9,220 $3,328,743 $443,830 $2,884,913
2016 $8,640 $3,263,475 $435,128 $2,828,347
2015 $430 $3,214,455 $428,592 $2,785,863
2014 $425 $3,151,489 $420,197 $2,731,292
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Ryan Haedrich

    Haedrich & Co., Inc.

  • N

    Buyer's Agent in 2017

    NON MEMBER

    Non Member

See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 17-1587

Shasta Association of REALTORS®

APN: 107-190-035-000

California Shasta County Redding 96002

2195 Larkspur Ln, Redding, CA

Not Listed for Sale

MultiFamily

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