2424 Victor Ave
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2424 Victor Ave
3,840 SF Industrial Building Redding, CA 96002 $599,900 ($156/SF)
Investment Highlights
- Historically leased to Automotive Repair. City of Redding Zoning Map Viewer reflects Retail Cannabis Business Zone
- Rear lot with seperate access available for development.
- Includes one-half acre fully fenced parcel with access via 2428 and easement access off Victor Avenue, possible future development/construction
Executive Summary
3840 sq ft commercial building has 4 units each metered separately with 6 roll up doors and 5 heaters and coolers. Two parcels total approximately 0.8 ac. Gated entry and the property is totally fenced including the second parcel which is one half acre to the west of the building. This is a separate parcel with an easement access off Victor. This parcel may lend itself to future development. It is currently being used for outdoor storage and overflow parking. The property is fully leased with just one year remaining on the current lease. This property has historically been used as automotive repair. The property has multiple addresses: Rear Parcel 2400 and 2424. Front Parcel 2428, 2430, 2432 and 2434. Two APN#s 067-080-056 and 067-080-057. Last 2 photos are maps.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts In Escrow
Amenities
- Fenced Lot
- Security System
- Storage Space
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
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PROPERTY TAXES
| Parcel Number | 067-080-056-000 | Total Assessment | $312,364 (2024) |
| Land Assessment | $127,783 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $184,581 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
067-080-056-000
Land Assessment
$127,783 (2024)
Improvements Assessment
$184,581 (2024)
Total Assessment
$312,364 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
zoning
| Zoning Code | GC (General Commercial Retail Cannabis Business Zone) |
| GC (General Commercial Retail Cannabis Business Zone) |
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2424 Victor Ave
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