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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Apartment buildings
2405 Eureka Way Redding, CA 96001-0457
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0525055
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
6,726 SF
Lot
0.21 ac (9,147 SF)
APN
105-020-007-000
UPID
US09-0525055
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Property Upsurge 102 LLC · 3 yrs held
Property Upsurge 102 LLC
since 2022
Last sale
$975,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Redding submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redding submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$800,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $975k (Oct 5 2022)
Last sale anchor
$975k
Oct 5 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$137 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,507
Tax year 2024
Assessed value
$994,500
Assessed 2024
Previous assessed
$994,500
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$153,000
Assessed improvement
$841,500
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Stories
2
Units
3
Rooms
34
Bathrooms
9
Total area
6,726 SF
Lot
0.21 ac (9,147 SF)
APN
105-020-007-000
UPID
US09-0525055
Jurisdiction
SHASTA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
NONE
Stories
2
Units
3
Rooms
34
Bathrooms
9
Lot
0.21 ac
Current owner
From public records · entity-resolved
Property Upsurge 102 LLC
Entity
Mailing address
2015 SHASTA ST, REDDING, CA 96001-0421
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
$975,000
Property Upsurge 102 LLC
Debra A Smith
Grant Deed
$682,500 · Exchange Bank
Oct 5, 2022
—
Debra A Smith
Gerald D Smith
Intrafamily Transfer
related
—
Jul 6, 2020
—
Smith,debra A Trust
Smith Gerald D 2019 Trust
Quit Claim Deed
related
$800,000 · Smith Gerald D 2015 Trust (pt)
Jan 29, 2015
—
Smith,gerald D 2015 Trust
Smith,gerald D
Quit Claim Deed
related
—
Oct 11, 2002
—
Gerald D Smith
Smith,debra A
Quit Claim Deed
related
—
May 17, 2002
$276,000
Gerald D Smith
Brown,gregory D
Grant Deed
$146,000 · North Valley Bank
Mar 7, 2000
—
Gregory D Brown
Brown,gregory D
Quit Claim Deed
related
—
Jul 27, 1999
—
Michael S Groff
Groff,lisa
Quit Claim Deed
related
—
Jul 27, 1999
$250,000
Brown,gregory D
Vasilakis Trust
Trustees Deed
$175,000 · North Valley Bank
—
—
Gregory D Brown
—
Deed Of Trust
related
$215,000 · Us Bank Trust NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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