Tuscan Gardens Diamond Ridge Dr., Redding California

Multi Family / Single Family investment opportunity Shasta County, Redding California

The Gateway to California Recreation and Lifestyle Living

Allan Beer Broker / Associate BRE#00776137 Healdsburg Sotheby’s International Realty 707-687-8185 cell# allanbeer44@gmail.com

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19 Separate Parcels.

19 Single Family homes in one development being sold together as a Multi Family Investment opportunity.

Priced at: $6,500,000.00

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Tuscan Gardens Investment Summary

Tuscan Gardens located on Diamond Ridge Dr., Redding California is a 19 home single family subdivision that was built out by the owner/builder as an investment. These upscale homes have been built over the last few years and are ideally located to downtown Redding and the gateway to the exceptional recreation areas around Shasta County and Lake Shasta. Each home is located on an individual lot and may be sold separately in the future as an owners investment criteria may change. The homes average 2026 square feet with a range of 1692 to 2617 square feet. The homes have 3-5 bedrooms and 2-3 baths.

The Shasta County / Redding area is a stable community located at the North end of the Sacramento Valley. The area is known for its abundance of water

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features (Lake Shasta, Trinity Lake and Alps. Whiskeytown Lake, Sacramento River, McCloud River, Pit River, Hat Creek and Burney Falls). Also nearby Mount Shasta provides winter skiing and summer outdoor activities. The economy is anchored by nearby Shasta College, abundant medical, Recreation activities, Bethel Church, Wood Resource companies and the Hwy 5 corridor.

All homes and the common space on the cul-de-sac are included. The property is located near the Twin View exit off Hwy 5, which makes access to town, Lake Shasta and employment centers very easy. The property views towards Mt. Shasta and Mt. Lassen and has considerable open space adjacent to portions of the property. Schools and shopping are convenient and close to the development.

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Executive Summary

Acquisition Costs

Purchase Price $6,500,000.00

Investment – Cash (35% down) $2,275,000.00

First Loan $4,225,000.00

Price Per Unit $342,105.27

Current Cap Rate 4.36%

Market Rent Cap Rate 4.9%

Estimated Debt Service PI (at 4%) $20,170.80

Estimated Interest at 4% $14,083.37

Nearby Lake Shasta and the abundant recreation makes the property an excellent stable investment. The 19 homes purchased in one package can be sold off individually as investment or cash flow needs change. The homes are of excellent quality, the convenient location, and local amenities, makes this a opportunity that is favorable and hard to find. The homes are priced below the local price per square foot of newer residential properties and the rental history has been stable.

Allan Beer Broker / Associate BRE#00776137 Healdsburg Sotheby’s International Realty 707-687-8185 cell#

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Tuscan Gardens Estimated P&L

Expense

Projected

Property Management

$16,581.60

Total Rental Income $34,545.00 $37,500.00

Fees and Permits

$35.00

Annual Income $414,540.00

$450,000.00

Insurance, Property

$13,300.00

Estimate Net Income $283,213.76

$318,673.76

Insurance Common Area

$619.33

Postage & Delivery

$54.95

Cap Rate 4.36% 4.90%

Professional Fees

$1,835.00

Avg Price per sqft $168.86

Repair & Maintenance

$19,694.00

Purchase Price $6,500,000.00

Taxes & Licenses

$800.00

Estimated new Property Tax

$76,800.00

Utilities

$1,606.36

TOTAL $131,326.24

Income

Lot#

APN Address Current Rent Projected Rents SQFT $ Rent / SQFT

Proj/rent SQFT

1 073-530-001 5592 Diamond Ridge $1,850.00 $1,950.00 1952 $0.95 $1.00

2 073-530-002 5582 Diamond Ridge $1,895.00 $2,050.00 2271 $0.83 $0.90

3 073-530-003 5574 Diamond Ridge $1,650.00 $1,850.00 1692 $0.98 $1.09

4 073-530-043 5566 Diamond Ridge $1,800.00 $1,950.00 1936 $0.93 $1.01

5 073-530-040 5556 Diamond Ridge $1,750.00 $1,950.00 1850 $0.95 $1.05

6 073-530-038 5569 Diamond Ridge $2,000.00 $2,050.00 2271 $0.88 $0.90

7 073-530-007 5561 Diamond Ridge $1,650.00 $1,850.00 1816 $0.91 $1.02

8 073-530-008 5553 Diamond Ridge $1,750.00 $1,900.00 2000 $0.88 $0.95

9 073-530-039 5545 Diamond Ridge $1,595.00 $1,900.00 1816 $0.88 $1.05

10 073-530-010 5537 Diamond Ridge $1,695.00 $1,950.00 1928 $0.88 $1.01

11 073-530-011 5529 Diamond Ridge $1,595.00 $1,750.00 1600 $1.00 $1.09

12 073-530-012 5521 Diamond Ridge $1,850.00 $1,850.00 1850 $1.00 $1.00

13 073-530-013 5513 Diamond Ridge $1,695.00 $1,950.00 1928 $0.88 $1.01

14 073-530-014 5505 Diamond Ridge $1,895.00 $2,050.00 2271 $0.83 $0.90

15 073-530-015 5502 Diamond Ridge $2,195.00 $2,250.00 2617 $0.84 $0.86

16 073-530-016 5510 Diamond Ridge $2,095.00 $2,250.00 2617 $0.80 $0.86

17 073-530-017 5520 Diamond Ridge $1,895.00 $1,950.00 1889 $1.00 $1.03

18 073-530-018 5528 Diamond Ridge $1,695.00 $1,950.00 1936 $0.88 $1.01

19 073-530-019 5538 Diamond Ridge $1,995.00 $2,100.00 2253 $0.89 $0.93

Average SQFT 2026

* This information has been provided by the seller. Healdsburg Sotheby's International Realty and their agents to not guarantee the accuracy of the information and shall not be held responsible for its validity. A prospective buyer should verify any and all information.

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