NOT LISTED FOR SALE

3652 Eureka Way Redding, CA 96001

Sunset Neighborhood

Estimated Value: $1,072,605

-- Bed
-- Bath
3,905 Sq Ft
$275/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $1,100,000 $282 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $6,508/month

14 Days on Market

About This Home

As of June 2024

Positioned in the thriving Redding area, this impressive office building spans 3,905 square feet and features a single, fully occupied building. With a strong medical tenant, this property presents a compelling investment opportunity for commercial real estate investors. Boasting high end design elements and well-maintained facilities, this asset is poised to deliver a strong and consistent return. Its strategic location provides visibility and accessibility, ensuring long-term appeal for tenants and potential for continued growth. Don't miss the chance to add this high-performing property to your portfolio and benefit from the stability and potential it offers in the dynamic Redding market. Secure Investment with Long-Term Tenant: This stand-alone building is leased to Paradigm Clinical Research under a secure Triple Net (NNN) lease agreement. Signed in September 2021, the initial lease term extends to August 2026, with built-in rent increases of 3% annually. Additionally, Paradigm has the right to extend the lease for three more 5-year terms, offering continued stable income and potential for further rent growth.

About tenant;

See documents section for brochure.

Last Agent to Sell the Property

Ryan Haedrich

Capital Rivers Commercial License #01747622 Listed on: 05/16/2024

Capital Rivers Commercial

Last Buyer's Agent

Sandy Duggan

eXp Realty of Northern California, Inc. License #01917073

eXp Realty of Northern California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2002

Lot Details

  • 0.75 Acre Lot

Parking

  • Off-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 103-570-008-000

Property Details

Home Type

Multi-Family

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Directions: Nearby Whiskeytown Lake provides outdoor recreational opportunities, while the renowned Sundial Bridge and Turtle Bay Exploration Park offer cultural enrichment.
  • Prop. Type: Investment
  • Year Built: 2002
  • Lot Size Acres: 0.75
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features: Off Street
  • ParkingOffStreet: Yes

Lot Info

  • Parcel #: 103-570-008-000
  • Lot Size Sq Ft: 32670.0
  • ResoLotSizeUnits: Square Feet
  • Zoning Description: RED - C-O - Office District
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Jun 26, 2024
Sold by
B & Z Properties Llcb
Bought by
Khan Mohamed and Khan Naz
Seller's Agent
Ryan Haedrich
Capital Rivers Commercial
Buyer's Agent
Sandy Duggan
eXp Realty of Northern California, Inc.
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Views
6
Current Estimated Value
$1,072,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,395
Avg. Annual Appreciation
-1.68%

Purchase Details

Closed on
Jun 7, 2023
Sold by
Jamshid & Joanne Saleh 2001 Trust
Bought by
B & Z Properties Inc

Purchase Details

Closed on
Oct 20, 2003
Sold by
Saleh Jamshid and Saleh Joanne
Bought by
Saleh Jamshid and Saleh Joanne

Purchase Details

Closed on
May 21, 2003
Sold by
Saleh Jamshid and Saleh Jamshid
Bought by
Saleh Jamshid and Saleh Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2002
Sold by
Saleh B Joanne
Bought by
Saleh Md Jamshid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,000
Interest Rate
6.37%
Mortgage Type
Construction
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Khan Mohamed $1,100,000 Chicago Title Company
B & Z Properties Inc -- None Listed On Document
Saleh Jamshid -- --
Saleh Jamshid -- Alliance Title Company
Saleh Md Jamshid -- Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saleh Jamshid $310,000
Previous Owner Saleh Md Jamshid $558,000
Closed Saleh Jamshid $258,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $1,100,000 -8.3% $282 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $1,200,000 -- $307 / 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 $10,464 $1,122,000 $357,000 $765,000
2024 $10,315 $968,600 $217,240 $751,360
2023 $10,315 $950,903 $212,981 $737,922
2022 $9,487 $870,270 $250,000 $620,270
2021 $9,552 $864,230 $250,000 $614,230
2020 $7,656 $670,900 $250,000 $420,900
2019 $7,335 $663,276 $250,000 $413,276
2018 $6,994 $613,560 $245,000 $368,560
2017 $6,572 $566,970 $235,000 $331,970
2016 $6,388 $557,980 $225,000 $332,980
2015 $6,198 $539,470 $200,000 $339,470
2014 $5,812 $497,970 $150,000 $347,970
Source: Public Records

Agents Affiliated with this Home

  • Ryan Haedrich

    Seller's Agent in 2024

    Ryan Haedrich

    Capital Rivers Commercial

    (530) 917-4981

    2 in this area

    33 Total Sales

    Ryan Haedrich
    Section Image
  • Sandy Duggan

    Buyer's Agent in 2024

    Sandy Duggan

    eXp Realty of Northern California, Inc.

    (530) 209-6539

    3 in this area

    156 Total Sales

    Sandy Duggan
    Section Image
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Map

Source: Shasta Association of REALTORS®

MLS Number: 24-2143

Shasta Association of REALTORS®

APN: 103-570-008-000

California Shasta County Redding 96001 Sunset

3652 Eureka Way, Redding, CA

Not Listed for Sale

MultiFamily

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