1071-1079 Market Street, Redding, CA 96001
$585,000
Property Type:
Comm/Industrial
Square Footage:
3,918
Lot Size (sq. ft.):
7,841
Status:
Closed
Current Price:
$585,000
List Date:
3/10/2025
Last Modified:
7/19/2025
Description
This 3,918 SF mixed-use building features two leased residential apartments on the upper level—one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit with a bonus room—as well as two ground-floor commercial spaces currently leased on a month-to-month basis at below-market rents. Ideal for an owner-user or investor, you can occupy one or both commercial units for your business while generating income from the remaining leased spaces. Each of the four units is separately metered for electricity. Annual gross rental income is $56,880, with a Gross Rent Multiplier (GRM) of 10.28. Note: This property is also listed under MLS 25-969
More Information MLS# 25-939
Address Information
Street Suffix: Street
Cross Street: Trinity St.
Street Number: 1071-1079
Street Name: Market
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Type: C
List Price: 585000
Parcel Number: 101-440-015
Addl. Parcel Number: 101-440-014
Lot Dim or Acres: 0.18
Sq Ft - Building: 3918
Sq Ft - Lot: 7840.8
GP Zone: RED MUC - Mixed Use Core
Zoning: Redding DMUD-SP Downtown Specific Plan Mixed Use
Year Built Desc: 30+
Current Price: $585,000
Area: 04 - SW Redding
Year Built: 1925
Remarks
Public Remarks: This 3,918 SF mixed-use building features two leased residential apartments on the upper level—one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit with a bonus room—as well as two ground-floor commercial spaces currently leased on a month-to-month basis at below-market rents. Ideal for an owner-user or investor, you can occupy one or both commercial units for your business while generating income from the remaining leased spaces. Each of the four units is separately metered for electricity. Annual gross rental income is $56,880, with a Gross Rent Multiplier (GRM) of 10.28. Note: This property is also listed under MLS 25-969
Directions: Hwy 44 West exit on to Shasta St. Turn Right on Pine. Turn left on Eureka Way. Turn Right on Market Street/Hwy 273. Property is on the right hand side shortly after Trinity St.
Contract Information
Listing Contract Date: 2025-03-10
Status: Closed
Sold Date: 2025-07-18
Under Contract Date: 2025-05-12
Sold Price: $585,000
List Date: 2025-03-10
Business Type
Mixed: 1
Present Use
Mixed: 1
Parking
Common: 1
Conforms to Zoning: 1
Off Street: 1
Available Terms
All Cash to Seller: 1
Cash: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
New Loan: 1
Property Features
Business Type: Mixed
Present Use: Mixed
Parking: Common; Conforms to Zoning; Off Street
Available Terms: All Cash to Seller; Cash; Cash to New Loan
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: New Loan
1071 and 1079 Market St - Sale Brochure ›Listing Office: Cox Real Estate Consultants, INC.
Last Updated: July - 19 - 2025
Information deemed reliable but not guaranteed.