L
Seller's Agent in 2024
Liz Aguero
eXp Realty of California Inc
(888) 584-9427
1 in this area
5 Total Sales
611 Parsons Dr Redding, CA 96002
Bechelli Neighborhood
8
Beds
4
Baths
3,072
Sq Ft
0.34
Acres
Highlights
- 4 Car Attached Garage
- Carpet
- 1-Story Property
About This Home
As of May 2024An exceptional investment opportunity awaits with this multi-family residential property, boasting a standalone structure that ensures a positive cash flow. Situated in a prime location, the property offers convenience and accessibility, making it an attractive option for potential renters. Key Features - Positive Cash Flow: The property generates substantial income, exceeding operational costs, resulting in a profitable investment; Great Location: Nestled in a vibrant neighborhood, residents enjoy proximity to essential stores, delightful shopping experiences, and a variety of dining options; Accessibility: Located just minutes away from major highways, this property provides easy access for commuting, travel, and leisure activities. Investment Highlights - High Demand Area: The demand for multi-family homes in this area is on the rise, ensuring consistent occupancy rates; Growth Potential: With the potential for value appreciation and rent increases, investors can look forward to long-term+ financial gains; Community Amenities: Residents benefit from local parks, schools, and community centers, enhancing the living experience and rental appeal.
Last Agent to Sell the Property
eXp Realty of California Inc License #01829079 Listed on: 03/22/2024
Property Details
Home Type
- Multi-Family
Year Built
- 1959
Lot Details
- 0.34 Acre Lot
Parking
- 4 Car Attached Garage
Home Design
- Quadruplex
- Slab Foundation
- Composition Roof
Interior Spaces
- 3,072 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Vinyl
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $47,220
Community Details
Overview
- 3,072 Sq Ft Building
Building Details
- 4 Leased Units
- Manager Expense $350
- Operating Expense $350
- Gross Income $46,748
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/10/2024 05/10/24 | Sold | $500,000 | +2.0% | $163 / Sq Ft |
| 03/26/2024 03/26/24 | Pending | -- | -- | -- |
| 03/22/2024 03/22/24 | For Sale | $490,000 | -- | $160 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $2,968 | $507,450 | $81,600 | $425,850 |
| 2024 | $2,927 | $261,982 | $50,760 | $211,222 |
| 2023 | $2,927 | $256,846 | $49,765 | $207,081 |
| 2022 | $2,845 | $251,811 | $48,790 | $203,021 |
| 2021 | $2,750 | $246,875 | $47,834 | $199,041 |
| 2020 | $2,738 | $244,345 | $47,344 | $197,001 |
| 2019 | $2,716 | $239,555 | $46,416 | $193,139 |
| 2018 | $2,685 | $234,858 | $45,506 | $189,352 |
| 2017 | $2,731 | $230,254 | $44,614 | $185,640 |
| 2016 | $2,558 | $225,740 | $43,740 | $182,000 |
| 2015 | $2,529 | $222,350 | $43,083 | $179,267 |
| 2014 | $2,511 | $217,996 | $42,240 | $175,756 |
Source: Public Records
Agents Affiliated with this Home
-
Liz Aguero
Map
Source: MLSListings
MLS Number: ML81958608
APN: 107-490-19
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