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1425-1445 Magnolia Ave
Redding, CA 96001
Cascade Apartments · Multifamily Property For Sale
·
36 Units
PROPERTY FACTS
| No. Units | 36 | Building Size | 22,800 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1962/2020 |
| Building Class | C | Parking Ratio | 1.36/1,000 SF |
| Lot Size | 1.01 AC | ||
| Zoning | MF - Multi-Family | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.01 AC |
| Building Size | 22,800 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2020 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | MF - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Breakfast Nook
- Den
- Double Pane Windows
- Freezer
ABOUT 1425-1445 MAGNOLIA AVE , REDDING, CA 96001
Investor Special. Rents are below surrounding area due to long time owner. Property is close to downtown shopping, restaurants, and within minutes of Hwy 5. The property is called Cascade Apartments. there are 3 separate building each with it's own parcel number. 36 units total with a mix of 30 one bedroom/one bath units and 6 two bedroom/one bath units. One bedrooms are 500 sqft. and the two bedroom is 750 sqft. approximant. With a modest cosmetic investment (and using the new tax rules), there is an upside investment gain with increasing rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | - | 750 |
| 2+1 | 6 | - | 1,000 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,106,130 | |
| Land Assessment | $432,969 | Total Assessment | $4,539,099 |
PROPERTY TAXES
