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River Commons Senior Living 301 Hartnell Ave

103 Unit Apartment Building $19,338,000 CAD ($187,748 CAD/Unit) Redding, CA 96002

Apartment Buildings California Redding 301 Hartnell Ave, Redding, CA 96002

Investment Highlights

  • Featuring 103 units of independent living at 70% occupancy.
  • River Commons was renovated in 2019 and has many robust amenities.
  • Assumable FNMA loan with a principal balance of $12.7 million at an interest rate of 4.1% set to mature in November 2026.
  • Well-positioned near conveniences such as Urgent Care, national retail and finance locations.

Executive Summary

River Commons, located at 301 Hartnell Avenue in Redding, California offers 103-units of independent living. The community has a 70% occupancy rate with assumable FNMA debt of $12.7M at 4.1%, maturing in November 2026.
River Commons was renovated in 2019, and is very well maintained. Amenities feature a pet friendly facility with resident gardens, spacious apartments, laundry-services, and home-style meals made from local ingredients.
Full financials, rent rolls, and debt terms are available in the Data Room.

Property Facts

Price $19,338,000 CAD Building Class B
Price Per Unit $187,748 CAD Lot Size 5.91 AC
Sale Type Investment Building Size 93,500 SF
No. Units 103 Average Occupancy 69%
Property Type Multifamily No. Stories 3
Property Subtype
Apartment
  • Multifamily Dormitory
 Year Built/Renovated 1986/2019
Apartment Style Low Rise Parking Ratio 0.73/1,000 SF
Price $19,338,000 CAD
Price Per Unit $187,748 CAD
Sale Type Investment
No. Units 103
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class B
Lot Size 5.91 AC
Building Size 93,500 SF
Average Occupancy 69%
No. Stories 3
Year Built/Renovated 1986/2019
Parking Ratio 0.73/1,000 SF

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • Fitness Center
  • Laundry Facilities
  • Property Manager on Site
  • Community-Wide WiFi
  • Maintenance on site
  • Meal Service

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 20 - 362 - 438
1+1 57 - 550 - 675
2+1 17 - 814
2+2 9 - 905
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PROPERTY TAXES

Parcel Number 107-420-033-000 Improvements Assessment $16,117,881 CAD
Land Assessment $3,503,150 CAD Total Assessment $19,621,031 CAD

PROPERTY TAXES

Parcel Number
107-420-033-000
Land Assessment
$3,503,150 CAD
Improvements Assessment
$16,117,881 CAD
Total Assessment
$19,621,031 CAD
(530) 999-4921

  • Listing ID: 33687999

  • Date on Market: 2024-10-30

  • Last Updated:

  • Address: 301 Hartnell Ave, Redding, CA 96002

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301 Hartnell Ave, Redding, CA for sale Building Photo- Image 1 of 8
Building Entrance
301 Hartnell Ave, Redding, CA for sale Building Photo- Image 2 of 8
Exterior image with landscaping
301 Hartnell Ave, Redding, CA for sale Building Photo- Image 3 of 8
Side view of building
301 Hartnell Ave, Redding, CA for sale Lobby- Image 4 of 8
Staircase in lobby
301 Hartnell Ave, Redding, CA for sale Lobby- Image 5 of 8
Open lobby
301 Hartnell Ave, Redding, CA for sale Floor Plan- Image 6 of 8
Unit Floor Plans
301 Hartnell Ave, Redding, CA for sale Floor Plan- Image 7 of 8
Unit Floor Plans

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River Commons Senior Living | 301 Hartnell Ave
(530) 999-4921 x

River Commons Senior Living | 301 Hartnell Ave

Brad Goodsell

(530) 999-4921

(530) 999-4921

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