1230 Canby Rd | Redding, CA 96003
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- LoopNet Team
1230 Canby Rd
Redding, CA 96003
The Pinnacle · Multifamily Property For Sale · 131 Units
Investment Highlights
- Ownership: long-term, pride of ownership
- Renovated Units: 124 lightly-renovated units, with 7 units still needing renovations
- Roof Renovations: renovations completed in multiple stages, beginning in 2017
- Redding’s most desirable ZIP code: 96003
- Different Two-Bedroom Unit Sizes: upside potential in leasing larger units at a higher premium
- Landscaping & Re-Pavement Projects: all work totaling $400,000, completed 2022-2023
PROPERTY FACTS
| No. Units | 131 | Building Size | 104,939 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1980/2022 |
| Building Class | C | Parking Ratio | 2.67/1,000 SF |
| Lot Size | 5.94 AC |
| No. Units | 131 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.94 AC |
| Building Size | 104,939 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2022 |
| Parking Ratio | 2.67/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Patio
Site Amenities
- Laundry Facilities
- Pool
- Basketball Court
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | $785.50 | 616 |
| 2+1 | 100 | $1,127 | 731 - 791 |
| 3+1 | 1 | $715.00 | 1,100 |
PROPERTY TAXES
| Parcel Number | 107-570-018-000 | Improvements Assessment | $7,960,055 |
| Land Assessment | $4,577,998 | Total Assessment | $12,538,053 |
PROPERTY TAXES
Parcel Number
107-570-018-000
Land Assessment
$4,577,998
Improvements Assessment
$7,960,055
Total Assessment
$12,538,053
zoning
| Zoning Code | RC |
| RC |
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