2273 Hartnell Avenue, Redding, CA 96002

Property Description

Excellent mixed-use investment opportunity with a reported gross scheduled income of approximately $57,510 per year. This property features a multi-tenant commercial building plus an additional single-family residence on the property, creating multiple income streams and flexibility for investors, owner-users, or buyers looking for a diversified real estate asset. The commercial building was constructed in 1976 and offers approximately 8,320 gross square feet on approximately 1.302 acres. The building includes five commercial rental spaces, each with a roll-up vehicle access door and pedestrian door, making the spaces well-suited for a variety of small business, service, storage, trade, or light commercial uses. The commercial structure is concrete block construction with a heavy wood truss roof, concrete slab floor, and approximately 13.5 feet of interior clearance from floor to trusses. Units A, B, C, and D are each approximately 1,560 square feet, while Unit E is approximately 2,080 square feet. The spaces have individual electrical meters, electric-operated water heaters, suspended space heaters, and roof-mounted evaporative cooling. Records also indicate a newer roof was installed in 2010. In addition to the commercial rental spaces, the property includes a single-family residence, adding to the overall income potential and making this a unique mixed-use opportunity. With over an acre of land, established rental income, multiple commercial suites, and a residential component, this property offers a rare combination of utility, income, and long-term investment potential. Buyer to verify zoning, square footage, income, leases, expenses, and permitted uses to their satisfaction. The property expense information provided reflects several owner costs, including property taxes, insurance, repairs, maintenance, and utility-related items. Based on the records reviewed, property taxes are listed at approximately $12,850.20, business insurance is approximately $5,586.48, and the house insurance policy is listed at approximately $1,678.03, for total insurance shown of about $7,264.51. The repair and maintenance notes include items such as roof/subpanel work, plumbing, swamp cooler repairs, locks, doors, tree service, and general maintenance. Tenants are noted as paying utilities, although utility amounts were also listed in the records. Buyer should independently verify all expenses, leases, reimbursements, insurance, taxes, and operating costs during their due diligence period.