Historical Multifamily Sale Listing - Loma Vista Apartments

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Loma Vista Apartments

3980 Churn Creek,, Redding, CA 96002

N/A

46 Units | Multifamily

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Loma Vista

Multifamily Property - Off Market

Price:
N/A
No. Units:
46
Building Size:
35,792 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
7%
Gross Rent Multiplier:
11
Occupancy:
75%
Year Built:
1980
Lot Size:
1.37 AC
Listing ID
13918735
Last Updated
over 1 year ago

Highlights

  • Priced below Replacement Cost
  • 13 garages and 81 open spaces for parking
  • Pool plus managers unit & onsite laundry
  • 32 2 bdrm 1 bth, 12 1bdrm 1 bth, 1 3 bdrm 1 bth
  • wood frame/stucco construction
  • 1 2 bdrm managers unit

Description

Great location, built in 1980. Stucco building with wood trim. 13 garages and 81 open spaces for parking. Large vacancy rate reflect change of mngmnt, and a fire in one bldg. Ins. Statement of loss has been completed. A 5% vacancy factor estimate was used. Gross income was derrived from actual, expenses based on 35%. Current vacancy rate in Redding is from 2 to 3%. Call agt for financing options. Good upside.

Churn Creek south of Hartnell on the west side of Churn Creek.

Map of 3980 Churn Creek,, Redding, CA 96002

Research for 3980 Churn Creek,, Redding, CA 96002 (Shasta County)

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Created 5/11/2004