Executive Summary
Bridgeview Villas is a rare, fully entitled multifamily development opportunity located in a federally designated Opportunity Zone in Redding, California. The ±64-acre site includes approximately ±32 net buildable acres with capacity for up to approximately 450 apartment units, subject to final site design and unit mix. With major zoning and entitlement approvals already secured, the project offers a substantially reduced development timeline and lower execution risk relative to competing land opportunities.
Opportunity Zone Advantage
The property’s Opportunity Zone designation may provide qualified investors with meaningful tax advantages, including the potential deferral of existing capital gains and the potential elimination of capital gains tax on future appreciation, subject to compliance with applicable Opportunity Zone regulations. This structure can materially enhance after-tax returns for long-term hold strategies or phased exits. Investors should consult their tax advisors regarding eligibility and compliance requirements.
Site & Development Overview
Total Site Area: ±64 acres
Net Buildable Area: ±32 acres
Potential Density: Up to ±450 apartment units
Zoning / Entitlements: Approved and in place
Offering Price: $2,700,000
