705 Kimball Road, Red Bluff, CA 96080
$4,550,000
Property Type:
Residential Income
Status:
Closed
Current Price:
$4,550,000
List Date:
11/25/2024
Last Modified:
2/04/2025
Description
Palm Royale Apartments is a 47-unit vibrant community located within the city of Red Bluff, California. With 22 two bedroom / one bathroom apartments, 24 one bedroom /one bathroom apartments, and 1 three bedroom &/three bathroom single family home, this asset offers a diverse mix of multifamily products over 12 single story buildings all on one well-maintained and manicured parcel. Built in 1972, the property has been extensively upgraded and remodeled over the years, most recently with all new electrical panels installed in every unit last year.
More Information MLS# 24-4968
Address Information
Street Number: 705
Street Name: Kimball
Cross Street: S Jackson St
Street Suffix: Road
State/Province: CA
Postal Code: 96080
County: Tehama
Property Description
Current Price: $4,550,000
Type: Residential Income
Area: 70 - NW Red Bluff
List Price: 4700000
Subdivision: N/A
Parcel Number: 035-022-002
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Stories: 1
Year Built: 1972
Year Built Desc: 30+
Remarks
Public Remarks: Palm Royale Apartments is a 47-unit vibrant community located within the city of Red Bluff, California. With 22 two bedroom / one bathroom apartments, 24 one bedroom /one bathroom apartments, and 1 three bedroom &/three bathroom single family home, this asset offers a diverse mix of multifamily products over 12 single story buildings all on one well-maintained and manicured parcel. Built in 1972, the property has been extensively upgraded and remodeled over the years, most recently with all new electrical panels installed in every unit last year.
Directions: From I-5, take S Main Street Exit, south on Montgomery road to west on Kimball Road. Located between Meeter Elementary School and S Jackson St.
Contract Information
Listing Contract Date: 2024-11-25
Status: Closed
List Date: 2024-11-25
Sold Date: 2025-01-31
Under Contract Date: 2024-12-02
Sold Price: $4,550,000
Property Features
Unit Type: 5 or More; Complex
Sub Zoning: Conforming
Parking: Off Street
Unit Description: 1 Bedroom; 2 Bedroom; 3 + Bedroom
All Units Include: Air Conditioner
Some Units Include: Balcony/Deck
Heating: Electric
Miscellaneous: Laundry in Complex
Owner Expenses: Garbage; Sewer; Water
Tenant Expenses: Electric
Available Terms: All Cash to Seller; Cash to New Loan
Possession: Close of Escrow
Photo: Agent Upload
Selling Terms: Conventional
Listing Office: Capital Rivers Commercial
Co Office Name: Capital Rivers Commercial
Co Listing Agent: Tyler Jardine
Last Updated: February - 04 - 2025
Information deemed reliable but not guaranteed.