$1,205,000
SOLD FEB 26, 2025
-- Bed
-- Bath
3,744 Sq Ft
9,548 Sq Ft Lot

Recently Sold

$322 Per Sq Ft

1% Below List Price

18 Days on Market

About This Home

As of February 2025

Invest in a hassle-free, high-yield property, ten year lease. This 3,744 sq ft dental building in Redding, CA, is a prime investment opportunity. Fully remodeled in 2015, it boasts a long-term, triple-net lease with a well-respected dentist paying $7,750/month. Enjoy passive income with zero maintenance responsibilities. The tenant is paying market rent, capitalizing on the rising costs of dental construction and limited availability of dental space in the local market. Also see MLS# 24-5160

Last Agent to Sell the Property

Ryan Haedrich

Capital Rivers Commercial License #01747622 Listed on: 12/16/2024

Capital Rivers Commercial

Last Buyer's Agent

Scott Pewitt

Exp Commercial of California, Inc. License #01887963

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,276

Lot Details

  • 9,548 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 068-120-075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,276

Lot Details

0

Listing Details

  • Directions: Located on the West side of Churn Creek Road in a professional office park just south of Del Sol Place.
  • Prop. Type: Investment
  • Business Type: Dental, Mixed, See Remarks, Medical
  • Lot Size Acres: 0.22
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Lot Info

  • Parcel #: 068-120-075
  • Lot Size Sq Ft: 9548.0
  • ResoLotSizeUnits: Square Feet
  • Zoning Description: RED - C-2 - Central Commericial District
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2024
Closed on
Feb 20, 2025
Sold by
Cass Dental Property Llc
Bought by
Burns Chegini Property Llc
Seller's Agent
Ryan Haedrich
Capital Rivers Commercial
Buyer's Agent
Scott Pewitt
Exp Commercial of California, Inc.
List Price
$1,220,000
Sold Price
$1,205,000
Premium/Discount to List
-$15,000
-1.23%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,285,000
Outstanding Balance
$1,283,955
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 2014
Sold by
Paradeigma Llc
Bought by
Cass Dental Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,246,000
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2007
Sold by
Paradeigma Llc
Bought by
Paradeigma Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2006
Sold by
Morrow James Tazwell and Morrow Nicole
Bought by
Paradeigma Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2006
Sold by
Morrow James Tazwell and Morrow Nicole
Bought by
Morrow James Tazwell and Morrow Nicole

Purchase Details

Closed on
Nov 10, 2003
Sold by
Concept Development Corp
Bought by
Morrow James Tazwell and Morrow Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.72%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,205,000 Placer Title
Grant Deed $330,000 Fidelity Natl Title Co Of Ca
Grant Deed -- Investors Title Company
Grant Deed $700,000 Alliance Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $499,000 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,285,000 New Conventional
Previous Owner $350,000 Commercial
Previous Owner $1,246,000 Commercial
Previous Owner $289,000 Commercial
Previous Owner $280,000 Commercial
Previous Owner $350,000 Commercial
Previous Owner $350,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2025 02/26/25 Sold $1,205,000 -1.2% $322 / Sq Ft
01/03/2025 01/03/25 Pending -- -- --
12/16/2024 12/16/24 For Sale $1,220,000 -- $326 / 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
2024 $4,276 $388,823 $88,366 $300,457
2023 $4,276 $381,200 $86,634 $294,566
2022 $4,156 $373,727 $84,936 $288,791
2021 $4,015 $366,400 $83,271 $283,129
2020 $3,998 $362,644 $82,418 $280,226
2019 $3,966 $355,534 $80,802 $274,732
2018 $3,921 $348,564 $79,218 $269,346
2017 $3,990 $341,730 $77,665 $264,065
2016 $3,734 $335,031 $76,143 $258,888
2015 $3,704 $330,000 $70,000 $260,000
2014 $3,973 $350,000 $75,000 $275,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Shasta Association of REALTORS®

MLS Number: 24-5161

Shasta Association of REALTORS®

APN: 068-120-075-000