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Jenn Smart

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1664 Victor Ave , Redding, CA 96002
$479,000
Est. Payment: $2,599.04/mo
2 Bed
2 Bath
1480 Sqft
1.35 Acres
Status: Active | Days on site: 1
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House Description

Rare RM-15 Infill Development Opportunity on 1.35 Acres! Bring your vision and unlock the incredible potential this unique property has to offer. Situated in one of Redding's growth corridors, this RM-15 zoned parcel is surrounded by established, multi family developments and offers exceptional long-term investment possibilities. The property features two existing improvements. The main residence was originally a 3 bedroom, 2 bath home of approximately 1,480 square feet and has been reconfigured into a spacious 2 bedroom layout by expanding the primary suite. The second structure was originally a 1 bedroom, 1 bath home with an attached two car garage. It has been taken down to the studs and is currently utilized as a large shop, offering excellent storage or workspace while future plans are developed. Whether you choose to renovate the existing improvements for interim rental income, hold as an investment, or pursue future development, the possibilities are substantial. The true value lies in the land, location, and RM-15 zoning. Rare RM-15 Infill Development Opportunity on 1.35 Acres! Bring your vision and unlock the incredible potential this unique property has to offer. Situated in one of Redding's desirable growth corridors, this RM-15 zoned parcel is surrounded by established, high-quality multifamily developments and offers exceptional long-term investment possibilities. The property features two existing improvements. The main residence was originally a 3 bedroom, 2 bath home of approximately 1,480 square feet and has been reconfigured into a spacious 2 bedroom layout by expanding the primary suite. Flooring remains incomplete, providing the opportunity to finish and customize to your needs. The second structure was originally a 1 bedroom, 1 bath home with an attached two car garage. It has been taken down to the studs and is currently utilized as a large shop, offering excellent storage or workspace while future plans are developed. Whether you choose to renovate the existing improvements for interim rental income, hold as an investment, or pursue future development, the possibilities are substantial. The true value lies in the land, location, and RM-15 zoning. Buyer to verify permitted uses, allowable density, development potential, and all building requirements with the City of Redding. Conveniently located just minutes from Highway 44, downtown Redding, sho Conveniently located just minutes from Highway 44, downtown Redding, sho

Highlights

Listed by Bridgett R Lindsay , 530-276-5058 LPT Realty, Inc. , 1 877-366-2213. Shasta Assoc of REALTORS

Property Type

Residential

Lot/Acreage
1.35

Year Built

9999

County

Shasta

Area

02 - Redding NE

Listing ID

26-3529

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Air Cond:Mini-Split
Fireplaces:
Water:Well

Exterior Features

Lot:2 on a Lot,Level,City Lot
Sewer:Sewer
Parking Features:Gated,Driveway,Attached Carport,Additional Parking,RV Access/Parking,Off Street,Boat
Principal Interest
$2,599
Taxes
$305

Home Price

$479,000

Loan Details

30 yrs
7.192%

Down Payment

20%
$95,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,599.04

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,599.04 $305.36 $0.00 $2,904.40
Yearly $31,188.50 $3,664.35 $0.00 $34,852.85
Total $935,654.93 $109,930.50 $0.00 $1,045,585.43
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Redding, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Shasta Assoc of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-09-25T07:15:24.000Z

© 2026 Shasta Assoc of REALTORS