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    Cypress Ave Redding, CA 96002

    Sponsored
    For Sale
    $1,200,000

    13 Acres, RM-9 Zoning, High Density

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13-acre parcel, located at 1910 E Cypress Ave in Redding, CA (APN 067-040-002), presents a remarkable multifamily development opportunity. Currently zoned RM-9, this land allows for the construction of up to 9 dwelling units per acre, offering significant potential for a substantial project. All essential utilities—water, sewer, and power—are readily available on-site, simplifying the development process. The property's prime location boasts convenient access to a wealth of amenities, including Safeway, Lowe's, CVS, Rite Aid, Ross, Mt. Shasta Mall, Planet Fitness, Starbucks, and Dutch Bros, ensuring future residents enjoy a high quality of life. Furthermore, its proximity to Interstate 5 and Highway 44 provides easy access to downtown Redding and beyond. An existing single-family home with a month-to-month tenant is included

    Property Features for 0 Cypress Ave

    General Information

    Property type
    Land
    Lot Size
    566,280 SF

    HighLights

    • 9‑unit‑per‑acre multifamily development site.
    • Ready for development with all utilities on‑site.
    • Excellent location with abundant resident amenities nearby.
    • Large parcel ideal for multifamily construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.33536667596
    Latitude
    40.570930888666

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    FAQs

    What type of property is this?
    Land - 13 Acres, RM-9 Zoning, High Density
    Where is this land located?
    The property is located at Cypress Ave Redding, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 9-unit-per-acre multifamily development site.; Ready for development with all utilities on-site.; Excellent location with abundant resident amenities nearby.
    (760) 559-6807
    Request Owner's contact information
    Cypress Ave Redding, CA 96002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Cypress Ave Redding, CA 96002
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