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River Commons Senior Living 301 Hartnell Ave

103 Unit Apartment Building $13,750,000 ($133,495/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 $13,750,000 Building Class B
Price Per Unit $133,495 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 $13,750,000
Price Per Unit $133,495
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 $11,502,420
Land Assessment $2,500,000 Total Assessment $14,002,420

PROPERTY TAXES

Parcel Number
107-420-033-000
Land Assessment
$2,500,000
Improvements Assessment
$11,502,420
Total Assessment
$14,002,420
(530) 999-4921

CONTACT

  • Listing ID: 33687999

  • Date on Market: 10/30/2024

  • 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 28
Primary Photo
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Aerial Context
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Building Entrance
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Building Entrance
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Exterior image with landscaping
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Side view of building
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Garden
301 Hartnell Ave, Redding, CA for sale Building Photo- Image 8 of 28
Dog Park
301 Hartnell Ave, Redding, CA for sale Lobby- Image 9 of 28
Staircase in lobby
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Lobby
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Open lobby
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 12 of 28
Parlor
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 13 of 28
Living Room
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 14 of 28
Dining Room
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 15 of 28
Library
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 16 of 28
Exercise Room
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 17 of 28
Game Room
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 18 of 28
Puzzle Room
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 19 of 28
Chapel
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 20 of 28
Laundry Room
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 21 of 28
2BR, 1BA - 864SF - Kitchen
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 22 of 28
2BR, 1BA - 864SF - Living Room
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 23 of 28
2BR, 1BA - 864SF - Primary Bedroom
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 24 of 28
2BR, 1BA - 864SF - Second Bedroom
301 Hartnell Ave, Redding, CA for sale Interior Photo- Image 25 of 28
2BR, 1BA - 864SF - Bathroom
301 Hartnell Ave, Redding, CA for sale Floor Plan- Image 26 of 28
Unit Floor Plans
301 Hartnell Ave, Redding, CA for sale Floor Plan- Image 27 of 28
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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