$479,000
Est. $3,285/mo See the math1664 Victor Avenue
Redding, CAView on map
2
Beds
2
Baths
1,480
Sq Ft
1.35
Acres
About This Property
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
Property Details
Community
- Address
- 1664 Victor Avenue, Redding, CA 96002
- Area
- 02 - Redding NE
- County
- Shasta
- Zip Code
- 96002
- Cross Street
- Victor Ave
- Parcel Number
- 071-240-022-000
Architecture
- Bedrooms
- 2
- Bathrooms
- 2
- Year Built
- 9999
- Levels
- One
- Construction
- Wood Siding
- Roof
- Comp
- Foundation
- Slab
- Parking
- Gated, Driveway, Attached Carport, Additional Parking, RV Access/Parking, Off Street, Boat
Features & Amenities
- Cooling
- Mini-Split
- Heating
- Other
- View
- City
Property
- Lot Size
- 58,806 sq ft / 1.35 acres
- Lot Features
- 2 on a Lot, Level, City Lot
- Sewer
- Sewer
- Water
- Well
- Electric
- Public
- Road Surface
- Asphalt
- Directions
- Victor Ave just North of Hwy 44. Property is on the left hand side.
Monthly Payment
Down payment
Loan term
Starts at the 30-year national average from Freddie Mac for the week of Nov 5, 2026. Your rate depends on credit, loan type and points.
California resets the tax to about 1% of the sale price, plus local bonds, so the seller's current bill does not carry over.
Insurance starts at a typical figure for homes like this one. Quotes vary widely in Shasta County, so get one early.
None listed in the MLS.
Estimated monthly payment
$3,285
- Principal and interest
- $2,596
- Property tax
- $439
- Home insurance
- $250
Down payment
$95,800
Loan amount
$383,200
An estimate for planning only, not a loan offer. See the disclaimer below.
Disclaimer
This calculator is for general information and planning only. It is not a loan offer, a pre-approval, a commitment to lend, or financial, tax or legal advice. Wahlund & Co. Realty Group and The Normandeau Team are real estate professionals, not mortgage lenders or brokers, and do not make loans.
Results are estimates based on the numbers entered and on assumptions that may not fit your situation. The starting interest rate is a national weekly average published by Freddie Mac and is not a rate quote; your actual rate, payment and loan terms depend on your credit, income, down payment, loan program, points and lender, and rates change daily. Property tax is estimated at about 1.1% of the price and may be higher where special assessments or Mello-Roos taxes apply. Home insurance starts from typical local figures for the home's location, using public map data that may be out of date or incomplete; actual quotes vary widely. Mortgage insurance is a rough estimate. HOA dues come from the MLS listing and should be confirmed with the association. Closing costs, prepaid items, reserves and other fees are not included.
Listing information is deemed reliable but not guaranteed. Talk with a licensed lender for an accurate quote, and verify all figures before making any decision.
Location
Listing Information Last Updated 7/24/2026
Listing provided courtesy of Bridgett R Lindsay (530-276-5058), LPT Realty, Inc..
Listing data is provided courtesy of the Shasta Association of REALTORS®. Information is deemed reliable but not guaranteed and should be independently verified. This property may be listed by a brokerage other than Wahlund & Co. Realty Group.
