Sold for $550,000

$550,000

1314 Olive Ave, Redding, CA 96001

4beds

3baths

--sqft

Multi Family

Built in 1950

-- sqft lot

$541,000 Zestimate^®

$--/sqft

$1,239 Estimated rent

Home value

$541,000

$492,000 - $595,000

$1,239/mo

Zestimate^® history

Owner options

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$1,239/mo

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$3,467/mo

Est. payment

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$3,467/mo

Est. payment

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What's special

New roofCorian countertopsComplete interiorNew windowsLuxury vinyl plank floors

Thoroughly renovated triplex in the heart of West Redding just 5 mins from both major hospitals. Currently generating $48,000 in annual gross income with unfurnished units and long-term tenants. Renovations include a new roof, new windows & mini-splits throughout, complete interior & exterior paint, as well as brand new nu-flo sewer lines from the units all the way to the street. Higher-end design features include: luxury vinyl plank floors, brand new Meek's cabinets, corian countertops, counter-to-ceiling tile backsplash, new stainless steel appliances, plus recessed lighting throughout.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Cooling

Has cooling: Yes

Features

Has basement: No

Property

Parking

Parking features: Assigned, Off Street, On Street
Has uncovered spaces: Yes

Features

Stories: 2

Details

Parcel number: 105130005000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding

Condition

Year built: 1950

Community & HOA

Location

Region: Redding

Financial & listing details

Tax assessed value: $561,000
Annual tax amount: $5,873
Date on market: 1/19/2024
Listing terms: Cash,Subj to Inspection
Ownership: Seller

Price history

Date	Event	Price
3/15/2024	Sold	$550,000-8.2%
Source: SMLS #24-341 Report a problem
2/14/2024	Pending sale	$599,000
Source: SMLS #24-341 Report a problem
1/19/2024	Listed for sale	$599,000+299.3%
Source: SMLS #24-341 Report a problem
8/24/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
8/16/2022	Listed for rent	$1,250
Source: Zillow Rental Manager Report a problem
10/8/2021	Sold	$150,000-14.3%
Source: SMLS #21-4129 Report a problem
9/3/2021	Pending sale	$175,000
Source: Real Living Real Estate #21-4129 Report a problem
9/1/2021	Listed for sale	$175,000+79.5%
Source: SMLS #21-4129 Report a problem
4/6/2001	Sold	$97,500
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,873 +249%	$561,000 +259.5%
2024	$1,683 +1.6%	$156,060 +2%
2023	$1,657 +1.7%	$153,000 +2%
2022	$1,629 +31.4%	$150,000 +34.7%
2021	$1,240 -1.2%	$111,346 +1%
2020	$1,255 +5.2%	$110,205 +2%
2019	$1,193 -0.8%	$108,045 +2%
2018	$1,203 +0.5%	$105,927 +2%
2017	$1,197 +3.2%	$103,851 +2%
2016	$1,159 +1.3%	$101,816 +1.5%
2015	$1,145	$100,288