1129 Magnolia Ave Redding, CA 96001
Magnolia NeighborhoodEstimated payment $2,602/month
About This Home
Welcome to an exceptional investment opportunity that checks every box: prime location, strong performance, and outstanding long-term potential. This charming, fully rented triplex is ideally situated in a highly desirable West Redding area just minutes from vibrant downtown, offering unmatched convenience to top-rated restaurants, popular shopping destinations, reputable schools, major hospitals, and medical offices. Designed to attract and retain quality tenants, the property benefits from a strong cash flow, consistently low vacancy rates, and an impressive cap rate exceeding 8%, making it a true standout in today's market. Each unit is well-maintained, providing immediate income and peace of mind for investors seeking a turnkey asset. Whether you're expanding your portfolio or securing your first multi-family investment, this property offers the perfect blend of location, performance, and future appreciation potential. Opportunities like this are rare--don't miss your chance to own a high-performing asset in a prime location.
Listing Agent
Coldwell Banker Select Real Estate - Redding License #01898948 Listed on: 03/26/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Parking
- Off-Street Parking
Listing and Financial Details
- Assessor Parcel Number 105-280-009-000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,696 | $356,118 | $64,945 | $291,173 |
| 2024 | $3,641 | $349,136 | $63,672 | $285,464 |
| 2023 | $3,641 | $342,291 | $62,424 | $279,867 |
| 2022 | $3,580 | $335,580 | $61,200 | $274,380 |
| 2021 | $1,384 | $124,851 | $90,596 | $34,255 |
| 2020 | $1,402 | $123,572 | $89,668 | $33,904 |
| 2019 | $1,332 | $121,150 | $87,910 | $33,240 |
| 2018 | $1,343 | $118,776 | $86,187 | $32,589 |
| 2017 | $1,336 | $116,448 | $84,498 | $31,950 |
| 2016 | $1,294 | $114,166 | $82,842 | $31,324 |
| 2015 | $1,278 | $112,452 | $81,598 | $30,854 |
| 2014 | $1,267 | $110,000 | $70,000 | $40,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/26/2026 03/26/26 | For Sale | $425,000 | +29.2% | -- | |
| 06/11/2021 06/11/21 | Sold | $329,000 | +9.8% | $231 / Sq Ft | View Prior Sale |
| 05/28/2021 05/28/21 | Pending | -- | -- | -- | |
| 05/17/2021 05/17/21 | For Sale | $299,500 | +171.7% | $210 / Sq Ft | |
| 03/24/2014 03/24/14 | Sold | $110,250 | -24.0% | $77 / Sq Ft | View Prior Sale |
| 03/07/2014 03/07/14 | Pending | -- | -- | -- | |
| 02/28/2014 02/28/14 | For Sale | $145,000 | -- | $102 / Sq Ft |
Source: Shasta Association of REALTORS®
MLS Number: 26-1298
APN: 105-280-09
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