1421 Olive Ave, Redding, CA 96001
$2,185,000
Property Type:
Residential Income
Status:
Closed
Current Price:
$2,185,000
List Date:
12/03/2020
Last Modified:
4/22/2025
Description
20 unit apartment complex consisting of two 8-plexes, One tri-plex and a single family home on 3 separate legal parcels. fourteen 2bd. I bath units, one 2/2, four 1/1 and the house is 2/2. Long term tenants, rents are below market rates. Excellent opportunity to increase your cash flow. Currently selling as a package. 1325 Olive, 1407 Olive and 1421/1431 Olive. Rents and financial info under the documents section.
More Information MLS# 20-5652
Address Information
Street Number: 1421
Street Name: Olive Ave
Cross Street: Shasta
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Current Price: $2,185,000
Type: Residential Income
Area: 04 - SW Redding
List Price: 2413000
Subdivision: N/A
Parcel Number: 105-170-005-000
Lot Dim or Acres: 15,682
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Stories: 2
Year Built Desc: 30+
Remarks
Public Remarks: 20 unit apartment complex consisting of two 8-plexes, One tri-plex and a single family home on 3 separate legal parcels. fourteen 2bd. I bath units, one 2/2, four 1/1 and the house is 2/2. Long term tenants, rents are below market rates. Excellent opportunity to increase your cash flow. Currently selling as a package. 1325 Olive, 1407 Olive and 1421/1431 Olive. Rents and financial info under the documents section.
Directions: Eureka Way to Olive Ave.
Contract Information
Status: Closed
List Date: 2020-11-25
Sold Date: 2021-01-14
Under Contract Date: 2020-12-09
Sold Price: $2,185,000
Parking
# Spaces Carport: 20
Property Features
Unit Type: 5 or More; Complex
Exterior: Stucco
Parking: Carport; Guest
Unit Description: 1 Bedroom; 2 Bedroom
Some Units Include: Patio; Refrigerator; Washer/Dryer; Washer/Dryer Hookups
Heating: Forced Air
Cooling: Central
Miscellaneous: Laundry in Complex; Smoke Detectors
Ownership: Seller
Expense Data Source: Owner; Tax Return
Available Terms: All Cash to Seller; Cash to New Loan; Owner Carry 1st
Possession: Close of Escrow
Selling Terms: Owner Carry 1st
Listing Office: Coldwell Banker C&C Properties
Co Office Name: Coldwell Banker C&C Properties
Co Listing Agent: Ray Ault
Last Updated: April - 22 - 2025
Information deemed reliable but not guaranteed.