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28 S Lassen St
Susanville, CA 96130
REDUCED $500k Mixed use Redevelop Opportunity · Multifamily Property For Sale
·
50 Units
Investment Highlights
- Strategic redevelopment opportunity located in a designated Opportunity Zone, providing significant tax benefits for investors and owners.
- First floor includes seven commercial spaces consisting of 11,500 sq ft, with two locations previous restaurant's
- Vacant property with solid concrete, brick, and steel structure, with 9-foot high ceilings in each unit and 6 foot wide large interior hallways
- Features 50+ units located on the second and third levels with a mix of singles/one bedrooms with large laundry room located on third floor
- Lower level also consist of 11,500 sqft of catering and event spaces great for hosting weddings and special events adding to the ROI
- Great investment opportunity for mixed-use projects, located at one of the busiest intersections, offering high traffic and visibility
Property Facts
| No. Units | 50 | Building Size | 46,163 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1924/2000 |
| Building Class | C | Parking Ratio | 0.15/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | Commercial - Located within an Opportunity Zone, this property allows for significant tax benefits, including potential deferrals and reductions on capital gains | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 46,163 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1924/2000 |
| Parking Ratio | 0.15/1,000 SF |
| Zoning | Commercial - Located within an Opportunity Zone, this property allows for significant tax benefits, including potential deferrals and reductions on capital gains |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 300 - 700 |
| 2+1 | 10 | - | 300 |
Property Taxes
| Parcel Number | 103-303-007-000 | Improvements Assessment | $387,894 |
| Land Assessment | $166,235 | Total Assessment | $554,129 |
Property Taxes
Parcel Number
103-303-007-000
Land Assessment
$166,235
Improvements Assessment
$387,894
Total Assessment
$554,129
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