Property profile

1401 California St Redding, CA 96001

OFF-MARKET
Investment properties
Property ID
US09-4974005
0.15 ac lot Built 2023
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Class A property, California Place - Building 1, offers 3,000 square feet of prime commercial space in downtown Redding, CA. Located at 1401 California St, this six-story building, completed in 2023, features multiple tenancy options with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 3,000 square feet. The property boasts abundant natural light and high visibility thanks to expansive floor-to-ceiling retail windows. Suites are customizable to meet diverse business needs, including retail, restaurant, and executive office spaces. Outdoor seating areas are available for select units. Building amenities include elevators and convenient access to a nearby 5-story parking structure with 400 spaces, ensuring ample parking for tenants and customers. The 0.17-acre lot is zoned DCD-SP-BH (Downtown Core District - Specific Plan - Building Height Overlay) in Shasta County (APN: 101-790-073-100). This vibrant location benefits from significant recent investment in the downtown area, exceeding $500 million in the past five years, and is surrounded by a thriving community including 337 apartments, providing a built-in customer base. A unique opportunity also exists for a 750 square foot rooftop bar. This is an unparalleled chance to establish your business in a dynamic and rapidly growing downtown Redding location.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2023
Lot 0.15 ac (6,534 SF)
APN 101-790-073-520
UPID US09-4974005

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • College

Location

1401 California St Redding, CA 96001
Redding metro Census 10100 REDDING, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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