NOT LISTED FOR SALE

482 E Cypress Ave Redding, CA 96002

-- Bed
-- Bath
-- Sq Ft
0.48 Acres

Last Sold December 06, 2021

Last sale price $2,042,000

288 Days on Market

About This Home

As of December 2021

Redding's premier commercial hard corner at E Cypress Avenue and Bechelli Lane, just west of the Interstate 5 on/off ramps. Property includes 3 parcels with JAS Gas Station and Auto Service (8 pumps), separate storefront retail building, warehouse space and additional residential property with two separate duplexes. Recently completed Phase 1 and Phase 2 ESA reports found properties completely clean. All properties are connected with ingress/egress off Cypress Ave, Bechelli Ln and Grove Street. Zoned general commercial with unlimited possibilities, there are currently multiple buildings with multiple tenants providing exceptional income producing opportunities.

Last Listed By

Chris Haedrich

Haedrich & Co., Inc. Listed on: 04/28/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,188

Year Built

  • 1966

Lot Details

  • 0.48

Parking

  • Off-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 107-370-017, 018, 014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,188

Year Built

1966

Lot Details

0

Listing Details

  • Directions: At the corner of E Cypress Avenue and Bechelli Lane, immediately west of the I-5 and the Cypress Avenue exit (the primary exit off I-5 for the City of Redding).
  • Prop. Type: Investment
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1966

Garage/Parking

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

Lot Info

  • Parcel #: 107-370-017, 018, 014
  • Zoning Description: RED - C-2 - Central Commericial District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2021
Closed on
Oct 27, 2021
Sold by
Jindra Richard S and Jindra Jacqueline L
Bought by
Redding Retail Llc
Seller's Agent
Chris Haedrich
Haedrich & Co., Inc.
Buyer's Agent
Chris Haedrich
Capital Rivers Commercial
List Price
$2,500,000
Sold Price
$2,042,000
Premium/Discount to List
-$458,000
-18.32%
Total Days on Market
288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,025,000
Outstanding Balance
$950,206
Interest Rate
3.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2016
Sold by
Jindra Jacqueline L
Bought by
Jindra Richard Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$482,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 1999
Sold by
Clover Trust 1997-1
Bought by
Tosco Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
7.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 1999
Sold by
Tosco Corp
Bought by
Shasta Siskiyou Transport

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
7.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 1999
Sold by
Jindra Jacqueline L
Bought by
Jindra Richard Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
7.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 1999
Sold by
Shasta Siskiyou Transport
Bought by
Jindra Richard Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
7.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 1997
Sold by
Union Oil Co
Bought by
Clover Trust 1997-1

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 Buyer Sale Price Title Company
Redding Retail Llc $2,042,000 Fidelity Natl Ttl Co Of Ca
Jindra Richard Scott -- Fidelity Natl Title Co Of Ca
Tosco Corp -- Placer Title Company
Shasta Siskiyou Transport $470,000 Placer Title Company
Jindra Richard Scott -- Redding Title Company
Jindra Richard Scott $420,000 Redding Title Company
Clover Trust 1997-1 -- Redding Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Redding Retail Llc $1,025,000
Previous Owner Jindra Richard Scott $482,000
Previous Owner Jindra Richard Scott $40,000
Previous Owner Jindra Richard S $30,750
Previous Owner Jindra Richard Scott $580,000
Previous Owner Jindra Richard Scott $120,000
Previous Owner Jindra Richard Scott $120,000
Previous Owner Jindra Richard Scott $370,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 Sold $2,042,000 -18.3% --
06/09/2021 06/09/21 Pending -- -- --
08/25/2020 08/25/20 For Sale $2,500,000 -- --
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 $13,188 $1,211,562 $707,472 $504,090
2023 $13,188 $1,186,295 $693,600 $492,695
2022 $12,647 $583,162 $372,211 $210,951
2021 $5,775 $525,356 $364,913 $160,443
2020 $5,751 $519,970 $361,172 $158,798
2019 $5,706 $509,776 $354,091 $155,685
2018 $5,642 $499,782 $347,149 $152,633
2017 $5,742 $489,984 $340,343 $149,641
2016 $5,375 $480,377 $333,670 $146,707
2015 $5,332 $473,162 $328,658 $144,504
2014 $5,296 $463,895 $322,221 $141,674
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Chris Haedrich

    Haedrich & Co., Inc.

See All Agents

Map

Source: Shasta Association of REALTORS®

MLS Number: 20-4170

Shasta Association of REALTORS®

APN: 107-370-017-000

California Shasta County Redding 96002

482 E Cypress Ave, Redding, CA

Homes for Sale in Redding, CA

This home is located at 482 E Cypress Ave, Redding, CA 96002 since 28 April 2021. This property was built in 1966. 482 E Cypress Ave is a home located in Shasta County with nearby schools including Rother Elementary School, Parsons Junior High School, and Enterprise High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Shasta Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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