2 months on rocket

1040-1054 Gold St, Redding, CA, 96001

$1,650,000

Home List Price

$10,000*

Closing Credit

0 Baths
House
Schools Nearby

Location

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1040-1054 Gold St, Redding$1,650,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingGuest, Off Street
MLS #23-4875
StatusActive

About 1040-1054 Gold St

Unique Garden Tract investment opportunity in quality location. Currently being offered as a package and prefer to sell concurrently. 7 homes on 2 APN's with potential to add a 14-unit modern apartment complex. Qualified opportunity zone. Gross annual rents $109,080. 1040-1054 Gold is 6 homes on one lot. All are approx. 800 SF, 2bd/1bath w/garage, laundry, fenced yards. Separately metered so tenants pay all their own utilities. Low owner expenses. Newer roofs and windows on all homes. 4 homes have new mini-splits and some recent updating. 2 homes have long-term tenants (10+years) and could command higher rents with some updates. 1110 Gold St is a 2bed/2bath stucco house, 1350 SF, detached garage and large lot with development potential. House was extensively updated in 2012. Current gross rents for the 6 homes on one lot = $90,060/year ($1395/month for the houses that have had light remodeling $962.50/month for the 2 houses with long term tenants that do not have mini-splits or light remodeling like the others.) Current pro-forma rent for the single family home at 1110 Gold = $19,200 ($1600/month pro-forma. Actual rent is $1250/month because tenant is a family friend who has done work in exchange for rent)

Property Details

Property Features

Property Information:

  • Stories: 1

Listing Office:

  • Office Name: Real Brokerage Technologies
  • Office Phone: (619) 248-6434
  • Listing Agent: Aaron Nelson

Exterior Features

Parking Information:

  • Parking: Guest, Off Street

School Info

Assigned Schools Information:

  • Shasta High School, Public District Grades 9-12
  • Sequoia Middle School, Public District Grades 4-8
  • Manzanita Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Gold st. near East in the Garden Tract

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,650,000
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MLS Details

MLS Information:

  • MLS Name: Shasta Association of REALTORS®
  • MLS Number: #23-4875

Listing Office:

  • Office Name: Real Brokerage Technologies
  • Office Phone: (619) 248-6434
  • Listing Agent: Aaron Nelson

Broker Reciprocity The listings on this site are displayed courtesy of the IDX program of Shasta Association of REALTORS and may not be the listings of the site owner. All information is deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 12:50:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$8,303

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,013

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4040341
7
/10

  • Manzanita Elementary School

  • 1240 Manzanita Hills Ave

  • 0.53 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4040342
5
/10

  • Sequoia Middle School

  • 1805 Sequoia St

  • 1.44 miles

  • Public District Grades 4-8

High School

school-card-donut-4040343
8
/10

  • Shasta High School

  • 2500 Eureka Way

  • 0.88 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,125. The most common annual income of people living in Shasta County, CA is between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1040-1054 Gold St

What is the listing price of this property?

The listing price of 1040-1054 Gold St property is $1,650,000.

What type of property is this?

The property 1040-1054 Gold St is a house located in Redding, California, 96001.

Is this property for sale now?

Active Listing: 1040-1054 Gold St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1040-1054 Gold St are:
Manzanita Elementary School: GreatSchools Rating 7/10
Sequoia Middle School: GreatSchools Rating 5/10
Shasta High School: GreatSchools Rating 8/10

Rocket Homes›California›Shasta County›Redding›96001›1040-1054 Gold St

This home is located at 1040-1054 Gold St in Redding, CA and zip code 96001 in the Central & West Redding neighborhood. It has been listed on Rocket Homes since February 27, 2024 and is currently priced at $1,650,000.

Over 44 listings were sold over their listed price in March 2024 in Shasta County, CA. In the same period over 85 listings were sold below the listed price and 33 listings were sold for the listed price. The inventory of homes for sale in Shasta County, CA between February 2024 and March 2024 increased by 9.7%. Listings spent 91 days on the market in March 2024, and had a median list price of $377,965 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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