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Westside Rd.
4450 Westside Rd., Redding, CA 96001
Last Verified 10/16/2009
Listing ID 14134218
1 Lot Available
Lot 1
$395,000
5.40 AC
Multifamily (land)
4%
Highlights
UP TO 88 UNITS!- POSSIBLE PLANNED DEVELOPMENT
- SENIOR HOUSING SITE
- HIGH DENSITY
- LESS THAN $10,000 PER UNIT!
- MULTIPLE PARCELS
Description
Excellent opportunity for multi-family project. Property is zoned RM-18 (18 units per acre), which allows for up to 88 apartment units. Excellent opportunity for affordable housing. Property is located within a Redevelopment District, but is not an ideal tax credit project. It is not walking distance to schools, medical facilities, shopping, etc.
Development is occuring in the area and this could be an optimum site for a Planned Development (may require down-zoning), senior cottages, retirement housing or senior apartments. Property currently consists of 4 parcels and could also be reconfigured and resold separately with a Property Line Adjustment.
Great south Redding location near new commercial projects and a great area for affordable or senior housing.
Map of 4450 Westside Rd., Redding, CA 96001 (Shasta County)
Created 2/23/2005
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.