1129 Magnolia Ave Redding, CA 96001
Magnolia NeighborhoodEstimated payment $2,562/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
| 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
| 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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