1320, 1358 Old Alturas, Redding, CA 96003
$1,050,000
Property Type:
Lots/Land
Lot Size (sq. ft.):
350,222
Status:
Closed
Current Price:
$1,050,000
List Date:
11/12/2020
Last Modified:
8/29/2024
Description
HIGH DEMAND LOCATION READY FOR DEVELOPMENT. This 8.04 Acres is Zoned RM12 with a Planned Development Overlay allowing increased density without the need to terrace into the hillside. The approved tentative subdivision map incorporates a total of 64 units (40 duplex units and 6 fourplex units). The engineering work has been completed by Sharrah Dunlap Sawyer. The file includes a construction cost estimate and a mitigated negative environmental declaration. Development can be completed in 3 phases or all at once. This project is located in a high profile area, conveniently located near retail centers, restaurants with easy access to Hwy 44 & I-5. While City Amenities are easily reached, the project offers hillside green space, walking trails, and picnic tables.
More Information MLS# 20-5461
Address Info
Street Number: 1320, 1358
Street Name: Old Alturas
Cross Street: Victor
State/Province: CA
Postal Code: 96003
County: Shasta
Property Description
Current Price: $1,050,000
Area: 02 - NE Redding
List Price: 950000
GP Zone: RED 10-20 u/a - 10-20 dwelling units per acre
Zoning: RED - RM - Multiple Family Districts
Type: Acres
Subdivision: N/A
Parcel Number: 071-270-012 & 021
Acres Range: 6 - 10 Acres
Acres: 8.04
Lot Dim /Lot SqFt: 8.04 Acres
Remarks
Public Remarks: HIGH DEMAND LOCATION READY FOR DEVELOPMENT. This 8.04 Acres is Zoned RM12 with a Planned Development Overlay allowing increased density without the need to terrace into the hillside. The approved tentative subdivision map incorporates a total of 64 units (40 duplex units and 6 fourplex units). The engineering work has been completed by Sharrah Dunlap Sawyer. The file includes a construction cost estimate and a mitigated negative environmental declaration. Development can be completed in 3 phases or all at once. This project is located in a high profile area, conveniently located near retail centers, restaurants with easy access to Hwy 44 & I-5. While City Amenities are easily reached, the project offers hillside green space, walking trails, and picnic tables.
Directions: From Downtown Redding take Hwy 44 East, take Victor Exit, head north on Victor to Old Alturas, property is on North side of Old Alturas and Victor intersection.
Contract Information
Sold Price: $1,050,000
Sold Date: 2022-03-28
Under Contract Date: 2021-05-21
Status: Closed
List Date: 2020-11-11
Addl Utilities Info
Electric: Available
Cable: Available
Phone: Available
Property Features
Type: MULTI
Soil Type: Unknown
ID Instructions: Sign
Present Use: Other
Development Status: Raw Land; Tent Map Approval
Topography: Upsloping
Distance to Shopping: 1/4 - 1/2 Mile
Distance to Trans: 1/4 - 1/2 Mile
Improvements Req: Curbs; Gutter; Sidewalk
Fence: Barbed; Wood
Documents Available: Aerial; Building Plans; Brochure; Subdivision Plan; Tentative Map
Utility Availability: All
Gas: Available; Natural
Water: Available
Waste: Available
Available Terms: Submit; Cash
Possession: Close of Escrow
Selling Terms: New Loan
Documents: Plat Map
Listing Office: Northstate Commercial Partners
Co Office Name: Northstate Commercial Partners
Co Listing Agent: Ken Miller
Last Updated: August - 29 - 2024
Information deemed reliable but not guaranteed.